spring group limited
spring group limited Company Information
Company Number
00590054
Next Accounts
Sep 2025
Directors
Shareholders
olsten (uk) holdings ltd
Group Structure
View All
Industry
Activities of head offices
Registered Address
10 bishops square, london, E1 6EG
Website
www.spring.comspring group limited Estimated Valuation
Pomanda estimates the enterprise value of SPRING GROUP LIMITED at £0 based on a Turnover of £0 and 0.5x industry multiple (adjusted for size and gross margin).
spring group limited Estimated Valuation
Pomanda estimates the enterprise value of SPRING GROUP LIMITED at £28.6m based on an EBITDA of £7.5m and a 3.81x industry multiple (adjusted for size and gross margin).
spring group limited Estimated Valuation
Pomanda estimates the enterprise value of SPRING GROUP LIMITED at £120m based on Net Assets of £56m and 2.14x industry multiple (adjusted for liquidity).
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Spring Group Limited Overview
Spring Group Limited is a live company located in london, E1 6EG with a Companies House number of 00590054. It operates in the activities of head offices sector, SIC Code 70100. Founded in September 1957, it's largest shareholder is olsten (uk) holdings ltd with a 100% stake. Spring Group Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Spring Group Limited Health Check
Pomanda's financial health check has awarded Spring Group Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 1 areas for improvement. Company Health Check FAQs
1 Strong
0 Regular
1 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - Spring Group Limited
- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Spring Group Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Spring Group Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Spring Group Limited
- - Industry AVG
Employees
with 1 employees, this is below the industry average (110)
- Spring Group Limited
- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Spring Group Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
- Spring Group Limited
- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Spring Group Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Spring Group Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Spring Group Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Spring Group Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.3%, this is a lower level of debt than the average (55.6%)
- - Spring Group Limited
- - Industry AVG
SPRING GROUP LIMITED financials
Spring Group Limited's latest turnover from December 2023 is 0 and the company has net assets of £56 million. According to their latest financial statements, we estimate that Spring Group Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 136,000 | 109,000 | |||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | -7,490,000 | -15,500,000 | 13,533,000 | ||||||||||||
| Operating Profit | 7,490,000 | 15,500,000 | -3,046,000 | -13,533,000 | -2,000 | -62,000 | -18,000 | -14,652,000 | -14,000 | 109,000 | 503,000 | 800,000 | -6,692,000 | ||
| Interest Payable | 18,000 | 4,000 | 27,000 | ||||||||||||
| Interest Receivable | 80,000 | 224,000 | |||||||||||||
| Pre-Tax Profit | 7,490,000 | 15,500,000 | 6,230,000 | -562,000 | 19,998,000 | 80,938,000 | -18,000 | -14,652,000 | -14,000 | 5,000,000 | 109,000 | 29,460,000 | 876,000 | -6,495,000 | |
| Tax | -315,000 | -68,000 | -84,000 | -102,000 | -164,000 | -259,000 | 77,000 | 53,000 | 107,000 | 473,000 | 252,000 | 293,000 | |||
| Profit After Tax | 7,490,000 | 15,500,000 | 6,230,000 | -877,000 | 19,930,000 | 80,854,000 | -120,000 | -14,816,000 | -273,000 | 77,000 | 5,053,000 | 216,000 | 29,933,000 | 1,128,000 | -6,202,000 |
| Dividends Paid | 10,000,000 | 480,000 | |||||||||||||
| Retained Profit | 7,490,000 | 15,500,000 | 6,230,000 | -877,000 | 19,930,000 | 80,854,000 | -120,000 | -14,816,000 | -273,000 | 77,000 | -4,947,000 | 216,000 | 29,933,000 | 1,128,000 | -6,682,000 |
| Employee Costs | 697,000 | 1,156,000 | 1,622,000 | 1,472,000 | 3,059,000 | 7,286,000 | |||||||||
| Number Of Employees | 12 | 22 | 31 | 41 | 49 | 76 | |||||||||
| EBITDA* | 7,490,000 | 15,500,000 | -3,046,000 | -13,533,000 | -1,000 | -62,000 | -15,000 | -14,647,000 | -9,000 | 356,000 | 850,000 | 1,368,000 | 1,802,000 | -4,287,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,000 | 2,000 | 2,000 | 5,000 | 6,000 | 11,000 | 367,000 | 1,185,000 | 1,821,000 | 2,534,000 | 3,767,000 | ||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 95,472,000 | 93,969,000 | 78,469,000 | 81,513,000 | 104,042,000 | 104,042,000 | 104,042,000 | 104,042,000 | 118,642,000 | 118,642,000 | 118,642,000 | 118,642,000 | 118,642,000 | 80,202,000 | 78,202,000 |
| Debtors (Due After 1 year) | 315,000 | 383,000 | 467,000 | 569,000 | 733,000 | 992,000 | 914,000 | 861,000 | 754,000 | ||||||
| Total Fixed Assets | 95,472,000 | 93,969,000 | 78,469,000 | 81,513,000 | 104,358,000 | 104,427,000 | 104,511,000 | 104,616,000 | 119,381,000 | 119,645,000 | 119,923,000 | 120,688,000 | 121,217,000 | 82,736,000 | 81,969,000 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 1,000 | 58,000 | 1,000 | 6,000 | 1,000 | ||||||||||
| Group Debtors | 2,000 | 150,777,000 | 165,752,000 | 318,489,000 | 354,567,000 | 334,688,000 | 286,846,000 | 287,097,000 | 286,733,000 | 286,254,000 | 244,745,000 | 162,299,000 | 53,141,000 | 57,671,000 | 63,009,000 |
| Misc Debtors | 117,000 | 120,000 | 348,000 | 244,000 | 252,000 | 360,000 | 416,000 | 466,000 | 588,000 | 525,000 | 2,767,000 | ||||
| Cash | 3,000 | 5,000 | 3,000 | 1,000 | 2,000 | 1,000 | 5,000 | 91,000 | 58,000 | 19,000 | |||||
| misc current assets | |||||||||||||||
| total current assets | 2,000 | 150,777,000 | 165,752,000 | 318,489,000 | 354,687,000 | 334,813,000 | 287,197,000 | 287,343,000 | 286,987,000 | 286,615,000 | 245,224,000 | 162,857,000 | 53,787,000 | 58,221,000 | 65,777,000 |
| total assets | 95,474,000 | 244,746,000 | 244,221,000 | 400,002,000 | 459,045,000 | 439,240,000 | 391,708,000 | 391,959,000 | 406,368,000 | 406,260,000 | 365,147,000 | 283,545,000 | 175,004,000 | 140,957,000 | 147,746,000 |
| Bank overdraft | 9,036,000 | 25,752,000 | |||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 249,770,000 | 2,000 | 1,000 | 2,000 | 16,000 | 29,000 | 11,000 | 5,000 | 108,000 | 19,000 | 1,167,000 | ||||
| Group/Directors Accounts | 39,452,000 | 146,667,000 | 161,642,000 | 191,997,000 | 249,161,000 | 282,429,000 | 282,284,000 | 282,140,000 | 281,820,000 | 210,094,000 | 153,680,000 | 43,980,000 | 28,946,000 | 17,125,000 | |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 509,000 | 585,000 | 894,000 | 663,000 | 528,000 | 30,569,000 | 694,000 | 318,000 | 2,624,000 | 2,912,000 | |||||
| total current liabilities | 39,452,000 | 146,667,000 | 161,642,000 | 191,997,000 | 249,770,000 | 249,672,000 | 283,015,000 | 283,180,000 | 282,819,000 | 282,377,000 | 240,674,000 | 154,379,000 | 44,406,000 | 40,625,000 | 46,956,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 392,000 | 615,000 | 594,000 | 560,000 | 514,000 | 575,000 | 1,242,000 | 988,000 | 2,683,000 | 2,350,000 | 3,936,000 | ||||
| total long term liabilities | 392,000 | 615,000 | 594,000 | 560,000 | 514,000 | 575,000 | 1,242,000 | 988,000 | 2,683,000 | 2,350,000 | 3,936,000 | ||||
| total liabilities | 39,452,000 | 146,667,000 | 161,642,000 | 191,997,000 | 250,162,000 | 250,287,000 | 283,609,000 | 283,740,000 | 283,333,000 | 282,952,000 | 241,916,000 | 155,367,000 | 47,089,000 | 42,975,000 | 50,892,000 |
| net assets | 56,022,000 | 98,079,000 | 82,579,000 | 208,005,000 | 208,883,000 | 188,953,000 | 108,099,000 | 108,219,000 | 123,035,000 | 123,308,000 | 123,231,000 | 128,178,000 | 127,915,000 | 97,982,000 | 96,854,000 |
| total shareholders funds | 56,022,000 | 98,079,000 | 82,579,000 | 208,005,000 | 208,883,000 | 188,953,000 | 108,099,000 | 108,219,000 | 123,035,000 | 123,308,000 | 123,231,000 | 128,178,000 | 127,915,000 | 97,982,000 | 96,854,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 7,490,000 | 15,500,000 | -3,046,000 | -13,533,000 | -2,000 | -62,000 | -18,000 | -14,652,000 | -14,000 | 109,000 | 503,000 | 800,000 | -6,692,000 | ||
| Depreciation | 1,000 | 3,000 | 5,000 | 5,000 | 356,000 | 719,000 | 741,000 | 865,000 | 1,002,000 | 2,405,000 | |||||
| Amortisation | |||||||||||||||
| Tax | -315,000 | -68,000 | -84,000 | -102,000 | -164,000 | -259,000 | 77,000 | 53,000 | 107,000 | 473,000 | 252,000 | 293,000 | |||
| Stock | |||||||||||||||
| Debtors | -150,775,000 | -14,975,000 | -152,737,000 | -36,510,000 | 19,808,000 | 47,530,000 | -250,000 | 193,000 | 112,000 | 41,473,000 | 82,506,000 | 109,144,000 | -3,719,000 | -7,575,000 | 65,777,000 |
| Creditors | -249,770,000 | 249,768,000 | 1,000 | -1,000 | -14,000 | -13,000 | 18,000 | 6,000 | -103,000 | 89,000 | -1,148,000 | 1,167,000 | |||
| Accruals and Deferred Income | -509,000 | -76,000 | -309,000 | 231,000 | 135,000 | -30,041,000 | 29,875,000 | 376,000 | -2,306,000 | -288,000 | 2,912,000 | ||||
| Deferred Taxes & Provisions | -392,000 | -223,000 | 21,000 | 34,000 | 46,000 | -61,000 | -667,000 | 254,000 | -1,695,000 | 333,000 | -1,586,000 | 3,936,000 | |||
| Cash flow from operations | 158,265,000 | 30,475,000 | 149,691,000 | -227,500,000 | 229,159,000 | -47,730,000 | -143,000 | -14,741,000 | -319,000 | -71,730,000 | -109,609,000 | 3,676,000 | 6,607,000 | -61,756,000 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 1,503,000 | 15,500,000 | -3,044,000 | -22,529,000 | -14,600,000 | 38,440,000 | 2,000,000 | 78,202,000 | |||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -107,215,000 | -14,975,000 | -30,355,000 | 191,997,000 | -249,161,000 | -33,268,000 | 145,000 | 144,000 | 320,000 | 71,726,000 | 56,414,000 | 109,700,000 | 15,034,000 | 11,821,000 | 17,125,000 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -18,000 | 76,000 | 197,000 | ||||||||||||
| cash flow from financing | -156,762,000 | -14,975,000 | -162,011,000 | 191,996,000 | -249,161,000 | -33,268,000 | 145,000 | 144,000 | 320,000 | 71,726,000 | 56,414,000 | 109,747,000 | 15,016,000 | 11,897,000 | 120,858,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -3,000 | -2,000 | 2,000 | 2,000 | -1,000 | 1,000 | -4,000 | -86,000 | 33,000 | 39,000 | 19,000 | ||||
| overdraft | -9,036,000 | -16,716,000 | 25,752,000 | ||||||||||||
| change in cash | -3,000 | -2,000 | 2,000 | 2,000 | -1,000 | 1,000 | -4,000 | -86,000 | 33,000 | 9,075,000 | 16,735,000 | -25,752,000 |
spring group limited Credit Report and Business Information
Spring Group Limited Competitor Analysis
Perform a competitor analysis for spring group limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mature companies, companies in E 1 area or any other competitors across 12 key performance metrics.
spring group limited Ownership
SPRING GROUP LIMITED group structure
Spring Group Limited has 4 subsidiary companies.
Ultimate parent company
ADECCO GROUP AG
#0018891
2 parents
SPRING GROUP LIMITED
00590054
4 subsidiaries
spring group limited directors
Spring Group Limited currently has 1 director, Mr Nicholas De La Grense serving since Jul 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas De La Grense | England | 39 years | Jul 2023 | - | Director |
P&L
December 2023turnover
0
0%
operating profit
7.5m
-52%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
56m
-0.43%
total assets
95.5m
-0.61%
cash
0
0%
net assets
Total assets minus all liabilities
spring group limited company details
company number
00590054
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
September 1957
age
68
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
spring group plc (May 2012)
crt group plc (June 1998)
accountant
-
auditor
ERNST & YOUNG LLP
address
10 bishops square, london, E1 6EG
Bank
BARCLAYS BANK PLC
Legal Advisor
-
spring group limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 19 charges/mortgages relating to spring group limited. Currently there are 2 open charges and 17 have been satisfied in the past.
spring group limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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spring group limited Companies House Filings - See Documents
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