spectrum brands emea uk limited
spectrum brands emea uk limited Company Information
Company Number
00658577
Website
www.armitages.co.ukRegistered Address
2 millennium way west, nottingham, NG8 6AS
Industry
Manufacture of prepared pet foods
Telephone
01159381242
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
k9 topco limited 100%
spectrum brands emea uk limited Estimated Valuation
Pomanda estimates the enterprise value of SPECTRUM BRANDS EMEA UK LIMITED at £146.1m based on a Turnover of £128.9m and 1.13x industry multiple (adjusted for size and gross margin).
spectrum brands emea uk limited Estimated Valuation
Pomanda estimates the enterprise value of SPECTRUM BRANDS EMEA UK LIMITED at £67.4m based on an EBITDA of £8.8m and a 7.62x industry multiple (adjusted for size and gross margin).
spectrum brands emea uk limited Estimated Valuation
Pomanda estimates the enterprise value of SPECTRUM BRANDS EMEA UK LIMITED at £120m based on Net Assets of £65.4m and 1.84x industry multiple (adjusted for liquidity).
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Spectrum Brands Emea Uk Limited Overview
Spectrum Brands Emea Uk Limited is a live company located in nottingham, NG8 6AS with a Companies House number of 00658577. It operates in the manufacture of prepared pet foods sector, SIC Code 10920. Founded in May 1960, it's largest shareholder is k9 topco limited with a 100% stake. Spectrum Brands Emea Uk Limited is a mature, mega sized company, Pomanda has estimated its turnover at £128.9m with high growth in recent years.
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Spectrum Brands Emea Uk Limited Health Check
Pomanda's financial health check has awarded Spectrum Brands Emea Uk Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £128.9m, make it larger than the average company (£33m)
£128.9m - Spectrum Brands Emea Uk Limited
£33m - Industry AVG
Growth
3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (13.5%)
27% - Spectrum Brands Emea Uk Limited
13.5% - Industry AVG
Production
with a gross margin of 22.6%, this company has a comparable cost of product (27.6%)
22.6% - Spectrum Brands Emea Uk Limited
27.6% - Industry AVG
Profitability
an operating margin of 6.1% make it more profitable than the average company (2%)
6.1% - Spectrum Brands Emea Uk Limited
2% - Industry AVG
Employees
with 77 employees, this is similar to the industry average (93)
77 - Spectrum Brands Emea Uk Limited
93 - Industry AVG
Pay Structure
on an average salary of £63.5k, the company has a higher pay structure (£36.9k)
£63.5k - Spectrum Brands Emea Uk Limited
£36.9k - Industry AVG
Efficiency
resulting in sales per employee of £1.7m, this is more efficient (£278.3k)
£1.7m - Spectrum Brands Emea Uk Limited
£278.3k - Industry AVG
Debtor Days
it gets paid by customers after 75 days, this is later than average (42 days)
75 days - Spectrum Brands Emea Uk Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (50 days)
19 days - Spectrum Brands Emea Uk Limited
50 days - Industry AVG
Stock Days
it holds stock equivalent to 58 days, this is in line with average (57 days)
58 days - Spectrum Brands Emea Uk Limited
57 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (8 weeks)
3 weeks - Spectrum Brands Emea Uk Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.3%, this is a lower level of debt than the average (53.3%)
40.3% - Spectrum Brands Emea Uk Limited
53.3% - Industry AVG
SPECTRUM BRANDS EMEA UK LIMITED financials
Spectrum Brands Emea Uk Limited's latest turnover from September 2023 is £128.9 million and the company has net assets of £65.4 million. According to their latest financial statements, Spectrum Brands Emea Uk Limited has 77 employees and maintains cash reserves of £2.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | May 2020 | Jun 2019 | Jun 2018 | Jun 2017 | May 2016 | May 2015 | Jun 2014 | Jun 2013 | Jun 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 128,888,000 | 96,575,000 | 96,386,000 | 62,247,000 | 55,210,000 | 47,710,000 | 43,154,000 | 33,645,000 | 28,343,000 | 25,431,000 | 25,049,000 | 25,766,000 | 22,759,000 | 23,535,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 99,815,000 | 70,515,000 | 66,963,000 | 42,863,000 | 37,829,000 | 34,505,000 | 31,475,000 | 22,232,000 | 19,686,000 | 17,504,000 | 17,242,000 | 16,689,000 | 15,212,000 | 15,627,000 |
| Gross Profit | 29,073,000 | 26,060,000 | 29,423,000 | 19,384,000 | 17,381,000 | 13,205,000 | 11,679,000 | 11,413,000 | 8,657,000 | 7,927,000 | 7,807,000 | 9,077,000 | 7,547,000 | 7,908,000 |
| Admin Expenses | 21,177,000 | 16,136,000 | 16,954,000 | 11,336,000 | 10,746,000 | 7,207,000 | 4,753,000 | 5,609,000 | 5,345,000 | 5,401,000 | 5,389,000 | 5,863,000 | 5,222,000 | 5,689,000 |
| Operating Profit | 7,896,000 | 9,924,000 | 12,469,000 | 8,048,000 | 6,635,000 | 5,998,000 | 6,926,000 | 5,804,000 | 3,312,000 | 2,526,000 | 2,418,000 | 3,214,000 | 2,325,000 | 2,219,000 |
| Interest Payable | 77,000 | 112,000 | 539,000 | 62,000 | 17,000 | 16,000 | 105,000 | 106,000 | 211,000 | 147,000 | 144,000 | 380,000 | 186,000 | 236,000 |
| Interest Receivable | 298,000 | 471,000 | 0 | 0 | 241,000 | 917,000 | 0 | 18,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 8,117,000 | 10,283,000 | 11,930,000 | 7,986,000 | 6,859,000 | 6,899,000 | 6,821,000 | 5,716,000 | 3,101,000 | 2,379,000 | 2,263,000 | 3,062,000 | 2,139,000 | 1,983,000 |
| Tax | -119,000 | -1,739,000 | -1,354,000 | -914,000 | -632,000 | -332,000 | -1,295,000 | -1,182,000 | -716,000 | -539,000 | -532,000 | -799,000 | -597,000 | -545,000 |
| Profit After Tax | 7,998,000 | 8,544,000 | 10,576,000 | 7,072,000 | 6,227,000 | 6,567,000 | 5,526,000 | 4,534,000 | 2,385,000 | 1,840,000 | 1,731,000 | 2,263,000 | 1,542,000 | 1,438,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 750,000 | 0 | 2,000,000 | 1,500,000 | 1,000,000 | 0 | 1,500,000 | 500,000 |
| Retained Profit | 7,998,000 | 8,544,000 | 10,576,000 | 7,072,000 | 6,227,000 | 6,567,000 | 4,776,000 | 4,534,000 | 385,000 | 340,000 | 731,000 | 2,263,000 | 42,000 | 938,000 |
| Employee Costs | 4,889,000 | 4,632,000 | 5,129,000 | 3,295,000 | 4,794,000 | 3,827,000 | 3,700,000 | 3,396,000 | 3,194,000 | 3,095,000 | 2,904,000 | 3,018,000 | 2,998,000 | 3,319,000 |
| Number Of Employees | 77 | 58 | 82 | 101 | 129 | 126 | 133 | 124 | 126 | 128 | 125 | 125 | 133 | 157 |
| EBITDA* | 8,847,000 | 10,265,000 | 13,012,000 | 8,216,000 | 6,795,000 | 6,145,000 | 7,074,000 | 5,947,000 | 3,446,000 | 2,653,000 | 2,527,000 | 3,298,000 | 2,409,000 | 2,325,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | May 2020 | Jun 2019 | Jun 2018 | Jun 2017 | May 2016 | May 2015 | Jun 2014 | Jun 2013 | Jun 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,000 | 103,000 | 61,000 | 980,000 | 794,000 | 617,000 | 586,000 | 498,000 | 471,000 | 478,000 | 521,000 | 297,000 | 264,000 | 266,000 |
| Intangible Assets | 7,790,000 | 8,689,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 54,744,000 | 44,258,000 | 0 | 0 | 137,000 | 386,000 | 493,000 | 493,000 | 719,000 | 15,727,000 | 13,857,000 | 13,700,000 | 12,930,000 | 11,410,000 |
| Total Fixed Assets | 62,541,000 | 53,050,000 | 61,000 | 980,000 | 931,000 | 1,003,000 | 1,079,000 | 991,000 | 1,190,000 | 16,205,000 | 14,378,000 | 13,997,000 | 13,194,000 | 11,676,000 |
| Stock & work in progress | 16,080,000 | 21,478,000 | 15,067,000 | 9,298,000 | 10,717,000 | 7,224,000 | 7,275,000 | 5,655,000 | 4,639,000 | 4,250,000 | 3,244,000 | 2,881,000 | 3,205,000 | 2,531,000 |
| Trade Debtors | 26,513,000 | 24,524,000 | 14,117,000 | 10,854,000 | 8,799,000 | 7,289,000 | 5,408,000 | 4,010,000 | 3,570,000 | 3,139,000 | 3,950,000 | 4,029,000 | 3,192,000 | 3,120,000 |
| Group Debtors | 0 | 0 | 45,485,000 | 31,996,000 | 25,204,000 | 21,944,000 | 22,641,000 | 21,124,000 | 17,680,000 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,573,000 | 8,708,000 | 803,000 | 998,000 | 1,233,000 | 1,255,000 | 615,000 | 743,000 | 295,000 | 278,000 | 332,000 | 295,000 | 328,000 | 201,000 |
| Cash | 2,782,000 | 6,115,000 | 4,871,000 | 9,588,000 | 4,793,000 | 4,581,000 | 3,961,000 | 1,931,000 | 2,007,000 | 717,000 | 304,000 | 1,343,000 | 17,000 | 660,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 46,948,000 | 60,825,000 | 80,343,000 | 62,734,000 | 50,746,000 | 42,293,000 | 39,900,000 | 33,463,000 | 28,191,000 | 8,384,000 | 7,830,000 | 8,548,000 | 6,742,000 | 6,512,000 |
| total assets | 109,489,000 | 113,875,000 | 80,404,000 | 63,714,000 | 51,677,000 | 43,296,000 | 40,979,000 | 34,454,000 | 29,381,000 | 24,589,000 | 22,208,000 | 22,545,000 | 19,936,000 | 18,188,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 563,000 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 5,353,000 | 6,822,000 | 12,953,000 | 9,050,000 | 6,311,000 | 5,053,000 | 4,385,000 | 3,480,000 | 3,366,000 | 2,476,000 | 1,894,000 | 1,935,000 | 1,594,000 | 1,569,000 |
| Group/Directors Accounts | 28,256,000 | 36,438,000 | 17,722,000 | 18,397,000 | 16,236,000 | 15,822,000 | 15,369,000 | 14,349,000 | 14,055,000 | 0 | 0 | 0 | 171,000 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 300,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 10,361,000 | 9,413,000 | 5,045,000 | 2,454,000 | 2,421,000 | 2,042,000 | 1,802,000 | 1,896,000 | 1,120,000 | 1,236,000 | 1,514,000 | 2,521,000 | 1,817,000 | 2,174,000 |
| total current liabilities | 43,970,000 | 52,673,000 | 35,720,000 | 29,901,000 | 24,968,000 | 22,917,000 | 21,856,000 | 19,725,000 | 18,541,000 | 3,712,000 | 3,408,000 | 4,456,000 | 4,145,000 | 3,743,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,166,000 | 9,319,000 | 8,876,000 | 8,428,000 | 7,111,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 165,000 | 821,000 | 0 | 0 | 0 | 0 | 63,000 | 104,000 | 125,000 | 26,000 | 17,000 | 0 | 0 | 0 |
| total long term liabilities | 165,000 | 821,000 | 16,000 | 0 | 0 | 0 | 2,963,000 | 2,842,000 | 3,719,000 | 14,279,000 | 11,835,000 | 12,103,000 | 10,725,000 | 9,339,000 |
| total liabilities | 44,135,000 | 53,494,000 | 35,736,000 | 29,901,000 | 24,968,000 | 22,917,000 | 24,819,000 | 22,567,000 | 22,260,000 | 17,991,000 | 15,243,000 | 16,559,000 | 14,870,000 | 13,082,000 |
| net assets | 65,354,000 | 60,381,000 | 44,668,000 | 33,813,000 | 26,709,000 | 20,379,000 | 16,160,000 | 11,887,000 | 7,121,000 | 6,598,000 | 6,965,000 | 5,986,000 | 5,066,000 | 5,106,000 |
| total shareholders funds | 65,354,000 | 60,381,000 | 44,668,000 | 33,813,000 | 26,709,000 | 20,379,000 | 16,160,000 | 11,887,000 | 7,121,000 | 6,598,000 | 6,965,000 | 5,986,000 | 5,066,000 | 5,106,000 |
| Sep 2023 | Sep 2022 | Sep 2021 | May 2020 | Jun 2019 | Jun 2018 | Jun 2017 | May 2016 | May 2015 | Jun 2014 | Jun 2013 | Jun 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 7,896,000 | 9,924,000 | 12,469,000 | 8,048,000 | 6,635,000 | 5,998,000 | 6,926,000 | 5,804,000 | 3,312,000 | 2,526,000 | 2,418,000 | 3,214,000 | 2,325,000 | 2,219,000 |
| Depreciation | 52,000 | 41,000 | 543,000 | 168,000 | 160,000 | 147,000 | 148,000 | 143,000 | 134,000 | 127,000 | 109,000 | 84,000 | 84,000 | 106,000 |
| Amortisation | 899,000 | 300,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -119,000 | -1,739,000 | -1,354,000 | -914,000 | -632,000 | -332,000 | -1,295,000 | -1,182,000 | -716,000 | -539,000 | -532,000 | -799,000 | -597,000 | -545,000 |
| Stock | -5,398,000 | 6,411,000 | 5,769,000 | -1,419,000 | 3,493,000 | -51,000 | 1,620,000 | 1,016,000 | 389,000 | 1,006,000 | 363,000 | -324,000 | 674,000 | 2,531,000 |
| Debtors | 5,340,000 | 17,085,000 | 16,557,000 | 8,475,000 | 4,499,000 | 1,717,000 | 2,787,000 | 4,106,000 | 3,120,000 | 1,005,000 | 115,000 | 1,574,000 | 1,719,000 | 14,731,000 |
| Creditors | -1,469,000 | -6,131,000 | 3,903,000 | 2,739,000 | 1,258,000 | 668,000 | 905,000 | 114,000 | 890,000 | 582,000 | -41,000 | 341,000 | 25,000 | 1,569,000 |
| Accruals and Deferred Income | 948,000 | 4,368,000 | 2,591,000 | 33,000 | 379,000 | 240,000 | -94,000 | 776,000 | -116,000 | -278,000 | -1,007,000 | 704,000 | -357,000 | 2,174,000 |
| Deferred Taxes & Provisions | -656,000 | 821,000 | 0 | 0 | 0 | -63,000 | -41,000 | -21,000 | 99,000 | 9,000 | 17,000 | 0 | 0 | 0 |
| Cash flow from operations | 7,609,000 | -15,912,000 | -4,174,000 | 3,018,000 | -192,000 | 4,992,000 | 2,142,000 | 512,000 | 94,000 | 416,000 | 486,000 | 2,294,000 | -913,000 | -11,739,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | -236,000 | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -236,000 | |||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -8,182,000 | 18,716,000 | -675,000 | 2,161,000 | 414,000 | 453,000 | 1,020,000 | 294,000 | 14,055,000 | 0 | 0 | -171,000 | 171,000 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | -300,000 | 300,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11,166,000 | 1,847,000 | 443,000 | 448,000 | 1,317,000 | 7,111,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 221,000 | 359,000 | -539,000 | -62,000 | 224,000 | 901,000 | -105,000 | -88,000 | -211,000 | -147,000 | -144,000 | -380,000 | -186,000 | -236,000 |
| cash flow from financing | -10,986,000 | 26,244,000 | -935,000 | 2,131,000 | 741,000 | -1,294,000 | 712,000 | 438,000 | 2,816,000 | 993,000 | 547,000 | -1,446,000 | 1,220,000 | 11,043,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -3,333,000 | 1,244,000 | -4,717,000 | 4,795,000 | 212,000 | 620,000 | 2,030,000 | -76,000 | 1,290,000 | 413,000 | -1,039,000 | 1,326,000 | -643,000 | 660,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -563,000 | 563,000 | 0 |
| change in cash | -3,333,000 | 1,244,000 | -4,717,000 | 4,795,000 | 212,000 | 620,000 | 2,030,000 | -76,000 | 1,290,000 | 413,000 | -1,039,000 | 1,889,000 | -1,206,000 | 660,000 |
spectrum brands emea uk limited Credit Report and Business Information
Spectrum Brands Emea Uk Limited Competitor Analysis
Perform a competitor analysis for spectrum brands emea uk limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in NG8 area or any other competitors across 12 key performance metrics.
spectrum brands emea uk limited Ownership
SPECTRUM BRANDS EMEA UK LIMITED group structure
Spectrum Brands Emea Uk Limited has no subsidiary companies.
Ultimate parent company
SPECTRUM BRANDS HOLDINGS INC
#0135363
2 parents
SPECTRUM BRANDS EMEA UK LIMITED
00658577
spectrum brands emea uk limited directors
Spectrum Brands Emea Uk Limited currently has 3 directors. The longest serving directors include Mr Benjamin Goodman (Oct 2020) and Mr Robin Newbery (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Benjamin Goodman | United Kingdom | 48 years | Oct 2020 | - | Director |
| Mr Robin Newbery | United Kingdom | 53 years | Dec 2021 | - | Director |
| Mr Rupert Phillips | United Kingdom | 45 years | Jan 2022 | - | Director |
P&L
September 2023turnover
128.9m
+33%
operating profit
7.9m
-20%
gross margin
22.6%
-16.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
65.4m
+0.08%
total assets
109.5m
-0.04%
cash
2.8m
-0.55%
net assets
Total assets minus all liabilities
spectrum brands emea uk limited company details
company number
00658577
Type
Private limited with Share Capital
industry
10920 - Manufacture of prepared pet foods
incorporation date
May 1960
age
64
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
armitages pet products limited (March 2022)
rathburn products limited (September 1985)
accountant
-
auditor
KPMG LLP
address
2 millennium way west, nottingham, NG8 6AS
Bank
HSBC BANK PLC
Legal Advisor
-
spectrum brands emea uk 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 10 charges/mortgages relating to spectrum brands emea uk limited. Currently there are 0 open charges and 10 have been satisfied in the past.
spectrum brands emea uk limited Companies House Filings - See Documents
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