Pomanda estimates the enterprise value of SPRINGTECH LIMITED at £1.1m based on a Turnover of £2.7m and 0.41x industry multiple (adjusted for size and gross margin).
springtech limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of SPRINGTECH LIMITED at £0 based on an EBITDA of £-45k and a 3.4x industry multiple (adjusted for size and gross margin).
springtech limitedEstimated Valuation
£2.6m
Pomanda estimates the enterprise value of SPRINGTECH LIMITED at £2.6m based on Net Assets of £1.4m and 1.93x industry multiple (adjusted for liquidity).
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Springtech LimitedOverview
Springtech Limited is a live company located in slough, SL1 4DX with a Companies House number of 00915764. It operates in the manufacture of wire products, chain and springs sector, SIC Code 25930. Founded in September 1967, it's largest shareholder is
market + ltd
with a 96.2% stake. Springtech Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£2.7m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Springtech Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
2 Strong
4 Regular
6 Weak
Size
annual sales of £2.7m, make it smaller than the average company (£14.5m)
£2.7m - Springtech Limited
£14.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.7%)
6% - Springtech Limited
5.7% - Industry AVG
Production
with a gross margin of 29.4%, this company has a comparable cost of product (29.4%)
29.4% - Springtech Limited
29.4% - Industry AVG
Profitability
an operating margin of -4.3% make it less profitable than the average company (7.5%)
-4.3% - Springtech Limited
7.5% - Industry AVG
Employees
with 35 employees, this is below the industry average (62)
35 - Springtech Limited
62 - Industry AVG
Pay Structure
on an average salary of £42.2k, the company has an equivalent pay structure (£42.2k)
£42.2k - Springtech Limited
£42.2k - Industry AVG
Efficiency
resulting in sales per employee of £77.6k, this is less efficient (£167.2k)
£77.6k - Springtech Limited
£167.2k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is near the average (52 days)
42 days - Springtech Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 54 days, this is slower than average (34 days)
54 days - Springtech Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 70 days, this is less than average (106 days)
70 days - Springtech Limited
106 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - Springtech Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.9%, this is a higher level of debt than the average (37%)
42.9% - Springtech Limited
37% - Industry AVG
SPRINGTECH LIMITED financials
EXPORT
Springtech Limited's latest turnover from December 2023 is estimated at £2.7 million and the company has net assets of £1.4 million. According to their latest financial statements, Springtech Limited has 35 employees and maintains cash reserves of £498 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
Sep 2011
Sep 2010
Sep 2009
Turnover
2,717,711
2,749,680
2,414,466
2,276,728
2,570,715
2,328,973
2,437,747
2,260,359
2,741,338
4,711,751
4,805,373
4,964,965
5,690,922
5,595,441
Other Income Or Grants
Cost Of Sales
1,917,796
1,980,514
1,803,208
1,710,416
1,849,638
1,681,358
1,711,287
1,586,954
2,027,285
3,573,506
3,665,946
3,807,358
4,138,920
4,156,572
Gross Profit
799,915
769,166
611,258
566,312
721,077
647,615
726,459
673,406
714,054
1,138,244
1,139,427
1,157,607
1,552,002
1,438,869
Admin Expenses
917,795
708,998
553,673
905,046
746,733
547,415
718,208
755,725
643,367
1,059,137
984,401
910,680
1,254,126
1,323,392
-911,938
Operating Profit
-117,880
60,168
57,585
-338,734
-25,656
100,200
8,251
-82,319
70,687
79,107
155,026
246,927
297,876
115,477
911,938
Interest Payable
49,930
46,523
30,834
21,887
16,354
20,995
18,721
15,038
8,684
Interest Receivable
227
1,125
184
61
471
632
196
56
194
104
106
132
170
312
176
Pre-Tax Profit
-167,583
14,770
26,936
-360,560
-41,539
79,837
-10,274
-97,301
62,198
79,211
155,132
247,059
298,046
115,789
912,114
Tax
-2,806
-5,118
-15,169
-12,439
-16,634
-35,680
-59,294
-77,492
-32,421
-255,392
Profit After Tax
-167,583
11,964
21,818
-360,560
-41,539
64,668
-10,274
-97,301
49,758
62,577
119,452
187,765
220,554
83,368
656,722
Dividends Paid
Retained Profit
-167,583
11,964
21,818
-360,560
-41,539
64,668
-10,274
-97,301
49,758
62,577
119,452
187,765
220,554
83,368
656,722
Employee Costs
1,477,622
1,577,435
1,469,839
1,429,531
1,384,216
1,356,963
1,325,399
1,406,473
1,523,503
946,983
1,045,928
1,001,165
1,193,829
1,288,197
Number Of Employees
35
40
40
40
40
40
40
44
51
31
36
34
45
53
EBITDA*
-45,004
133,682
133,258
-264,242
49,224
166,730
72,505
-15,270
141,796
150,003
207,540
302,851
338,009
157,107
954,508
* 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
Sep 2011
Sep 2010
Sep 2009
Tangible Assets
745,618
788,825
851,666
889,703
911,874
959,726
849,451
886,398
898,502
957,649
933,345
550,076
540,525
529,108
487,805
Intangible Assets
Investments & Other
7,450
32,100
Debtors (Due After 1 year)
Total Fixed Assets
745,618
788,825
851,666
889,703
919,324
991,826
849,451
886,398
898,502
957,649
933,345
550,076
540,525
529,108
487,805
Stock & work in progress
372,123
489,212
496,132
447,459
691,899
475,436
500,806
529,320
586,464
570,313
577,028
543,081
499,215
394,419
282,144
Trade Debtors
317,409
349,633
282,316
232,375
280,541
300,413
404,017
264,440
328,574
1,190,195
1,199,689
1,141,053
1,283,391
1,224,616
1,251,044
Group Debtors
683,990
683,990
683,990
683,990
683,990
683,990
683,990
683,990
683,990
Misc Debtors
248,699
249,148
118,327
92,711
88,979
95,223
94,088
84,028
92,072
Cash
498
8,147
56,152
91,425
30,251
95,352
73,157
5,225
39,222
38,502
3,279
39,228
13,705
54,438
70,204
misc current assets
53,842
9,835
total current assets
1,622,719
1,780,130
1,690,759
1,557,795
1,775,660
1,650,414
1,756,058
1,567,003
1,730,322
1,799,010
1,779,996
1,723,362
1,796,311
1,673,473
1,603,392
total assets
2,368,337
2,568,955
2,542,425
2,447,498
2,694,984
2,642,240
2,605,509
2,453,401
2,628,824
2,756,659
2,713,341
2,273,438
2,336,836
2,202,581
2,091,197
Bank overdraft
63,628
78,802
78,802
112,202
224,509
260,046
362,014
214,023
267,189
Bank loan
Trade Creditors
287,490
300,817
246,904
200,330
284,716
184,569
197,887
200,613
183,605
780,264
788,948
770,698
1,021,954
1,129,685
1,013,632
Group/Directors Accounts
77,090
46,467
64,918
73,169
94,169
15,774
56,774
36,019
other short term finances
267,333
284,616
215,988
162,447
hp & lease commitments
34,463
55,578
9,367
24,282
other current liabilities
64,701
67,367
68,981
85,046
61,109
82,167
107,923
68,054
115,858
total current liabilities
760,242
778,069
675,593
633,194
698,966
582,360
683,598
548,831
626,953
780,264
788,948
770,698
1,021,954
1,129,685
1,013,632
loans
70,834
122,424
198,798
218,443
hp & lease commitments
34,463
Accruals and Deferred Income
other liabilities
24,282
33,722
3,994
12,537
9,417
100,000
provisions
184,420
148,038
159,574
109,219
148,816
136,676
97,838
70,223
70,223
70,223
71,358
92,908
84,272
65,960
63,414
total long term liabilities
255,254
270,462
358,372
327,662
148,816
171,139
97,838
70,223
70,223
94,505
105,080
96,902
96,809
75,377
163,414
total liabilities
1,015,496
1,048,531
1,033,965
960,856
847,782
753,499
781,436
619,054
697,176
874,769
894,028
867,600
1,118,763
1,205,062
1,177,046
net assets
1,352,841
1,520,424
1,508,460
1,486,642
1,847,202
1,888,741
1,824,073
1,834,347
1,931,648
1,881,890
1,819,313
1,405,838
1,218,073
997,519
914,151
total shareholders funds
1,352,841
1,520,424
1,508,460
1,486,642
1,847,202
1,888,741
1,824,073
1,834,347
1,931,648
1,881,890
1,819,313
1,405,838
1,218,073
997,519
914,151
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Sep 2011
Sep 2010
Sep 2009
Operating Activities
Operating Profit
-117,880
60,168
57,585
-338,734
-25,656
100,200
8,251
-82,319
70,687
79,107
155,026
246,927
297,876
115,477
911,938
Depreciation
72,876
73,514
75,673
74,492
74,880
66,530
64,254
67,049
71,109
70,896
52,514
55,924
40,133
41,630
42,570
Amortisation
Tax
-2,806
-5,118
-15,169
-12,439
-16,634
-35,680
-59,294
-77,492
-32,421
-255,392
Stock
-117,089
-6,920
48,673
-244,440
216,463
-25,370
-28,514
-57,144
16,151
-6,715
33,947
43,866
104,796
112,275
282,144
Debtors
-32,673
198,138
75,557
-44,434
-26,116
-102,469
149,637
-72,178
-85,559
-9,494
58,636
-142,338
58,775
-26,428
1,251,044
Creditors
-13,327
53,913
46,574
-84,386
100,147
-13,318
-2,726
17,008
-596,659
-8,684
18,250
-251,256
-107,731
116,053
1,013,632
Accruals and Deferred Income
-2,666
-1,614
-16,065
23,937
-21,058
-25,756
39,869
-47,804
115,858
Deferred Taxes & Provisions
36,382
-11,536
50,355
-39,597
12,140
38,838
27,615
-1,135
-21,550
8,636
18,312
2,546
63,414
Cash flow from operations
125,147
-19,579
84,774
-75,414
-49,894
279,164
16,140
83,256
-282,036
139,759
75,977
99,409
7,527
157,438
242,974
Investing Activities
capital expenditure
-29,669
-10,673
-37,636
-52,321
-27,028
-176,805
-27,307
-54,945
-11,962
-95,200
-435,783
-65,475
-51,550
-82,933
-530,375
Change in Investments
-7,450
-24,650
32,100
cash flow from investments
-29,669
-10,673
-37,636
-44,871
-2,378
-208,905
-27,307
-54,945
-11,962
-95,200
-435,783
-65,475
-51,550
-82,933
-530,375
Financing Activities
Bank loans
Group/Directors Accounts
30,623
-18,451
-8,251
-21,000
94,169
-15,774
-41,000
20,755
36,019
Other Short Term Loans
-17,283
68,628
53,541
162,447
Long term loans
-51,590
-76,374
-19,645
218,443
Hire Purchase and Lease Commitments
-34,463
-55,578
90,041
-9,367
-14,915
24,282
other long term liabilities
-24,282
-9,440
29,728
-8,543
3,120
-90,583
100,000
share issue
294,023
257,429
interest
-49,703
-45,398
-30,650
-21,826
-15,883
-20,363
-18,525
-14,982
-8,490
104
106
132
170
312
176
cash flow from financing
-87,953
-71,595
-5,005
303,601
22,708
53,904
-68,892
-9,142
27,529
-9,336
323,857
-8,411
3,290
-90,271
357,605
cash and cash equivalents
cash
-7,649
-48,005
-35,273
61,174
-65,101
22,195
67,932
-33,997
720
35,223
-35,949
25,523
-40,733
-15,766
70,204
overdraft
-15,174
-33,400
-112,307
-35,537
-101,968
147,991
-53,166
267,189
change in cash
7,525
-48,005
-1,873
173,481
-29,564
124,163
-80,059
19,169
-266,469
35,223
-35,949
25,523
-40,733
-15,766
70,204
springtech limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for springtech limited. Get real-time insights into springtech limited's credit score, group structure and payment trends.
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268 c/o grey and green limited, bath road, slough, SL1 4DX
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springtech 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 9 charges/mortgages relating to springtech limited. Currently there are 2 open charges and 7 have been satisfied in the past.
springtech 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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springtech limitedCompanies House Filings - See Documents
