sparks confectioners limited
sparks confectioners limited Company Information
Company Number
00993171
Next Accounts
3819 days late
Shareholders
reasel holdings ltd
Group Structure
View All
Industry
Manufacture of bread; manufacture of fresh pastry goods and cakes
Registered Address
no 1 whitehall riverside, leeds, west yorkshire, LS1 4BN
Website
countrystyle.co.uksparks confectioners limited Estimated Valuation
Pomanda estimates the enterprise value of SPARKS CONFECTIONERS LIMITED at £14.7m based on a Turnover of £23.2m and 0.63x industry multiple (adjusted for size and gross margin).
sparks confectioners limited Estimated Valuation
Pomanda estimates the enterprise value of SPARKS CONFECTIONERS LIMITED at £2.7m based on an EBITDA of £578k and a 4.62x industry multiple (adjusted for size and gross margin).
sparks confectioners limited Estimated Valuation
Pomanda estimates the enterprise value of SPARKS CONFECTIONERS LIMITED at £2.7m based on Net Assets of £1.3m and 2.08x industry multiple (adjusted for liquidity).
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Sparks Confectioners Limited Overview
Sparks Confectioners Limited is a live company located in west yorkshire, LS1 4BN with a Companies House number of 00993171. It operates in the manufacture of bread sector, SIC Code 10710. Founded in October 1970, it's largest shareholder is reasel holdings ltd with a 100% stake. Sparks Confectioners Limited is a mature, large sized company, Pomanda has estimated its turnover at £23.2m with unknown growth in recent years.
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Sparks Confectioners Limited Health Check
Pomanda's financial health check has awarded Sparks Confectioners Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
3 Weak
Size
annual sales of £23.2m, make it larger than the average company (£8.5m)
£23.2m - Sparks Confectioners Limited
£8.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Sparks Confectioners Limited
- - Industry AVG
Production
with a gross margin of 16.8%, this company has a higher cost of product (32.7%)
16.8% - Sparks Confectioners Limited
32.7% - Industry AVG
Profitability
an operating margin of 1% make it less profitable than the average company (3.4%)
1% - Sparks Confectioners Limited
3.4% - Industry AVG
Employees
with 245 employees, this is similar to the industry average (208)
245 - Sparks Confectioners Limited
208 - Industry AVG
Pay Structure
on an average salary of £31.8k, the company has a higher pay structure (£21.1k)
£31.8k - Sparks Confectioners Limited
£21.1k - Industry AVG
Efficiency
resulting in sales per employee of £94.6k, this is more efficient (£82.1k)
£94.6k - Sparks Confectioners Limited
£82.1k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (38 days)
17 days - Sparks Confectioners Limited
38 days - Industry AVG
Creditor Days
its suppliers are paid after 46 days, this is slower than average (38 days)
46 days - Sparks Confectioners Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 10 days, this is less than average (19 days)
10 days - Sparks Confectioners Limited
19 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is average cash available to meet short term requirements (7 weeks)
7 weeks - Sparks Confectioners Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75%, this is a similar level of debt than the average (69.2%)
75% - Sparks Confectioners Limited
69.2% - Industry AVG
SPARKS CONFECTIONERS LIMITED financials
Sparks Confectioners Limited's latest turnover from December 2012 is £23.2 million and the company has net assets of £1.3 million. According to their latest financial statements, Sparks Confectioners Limited has 245 employees and maintains cash reserves of £516 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|
| Turnover | 23,182,101 | 15,144,290 | 16,699,789 |
| Other Income Or Grants | |||
| Cost Of Sales | 19,295,266 | 12,512,812 | 13,784,629 |
| Gross Profit | 3,886,835 | 2,631,478 | 2,915,160 |
| Admin Expenses | 3,652,017 | 2,327,835 | 3,480,395 |
| Operating Profit | 234,818 | 303,643 | -565,235 |
| Interest Payable | 112,857 | 73,106 | 37,909 |
| Interest Receivable | 194 | 2 | |
| Pre-Tax Profit | 151,599 | 364,270 | -603,144 |
| Tax | 1,105 | -26,436 | 108,966 |
| Profit After Tax | 152,704 | 337,834 | -494,178 |
| Dividends Paid | 178,940 | 54,000 | |
| Retained Profit | -26,236 | 283,834 | -494,178 |
| Employee Costs | 7,801,391 | 4,379,075 | 6,023,781 |
| Number Of Employees | 245 | 225 | 251 |
| EBITDA* | 578,035 | 469,482 | -292,322 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|
| Tangible Assets | 977,074 | 996,444 | 856,353 |
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | 1,137,127 | 653,333 | 445,495 |
| Total Fixed Assets | 2,114,201 | 1,649,777 | 1,301,848 |
| Stock & work in progress | 536,518 | 450,197 | 357,539 |
| Trade Debtors | 1,100,753 | 1,626,303 | 1,260,990 |
| Group Debtors | 695,312 | 237,431 | |
| Misc Debtors | 161,220 | 274,811 | 267,813 |
| Cash | 515,976 | 173,354 | 192,363 |
| misc current assets | |||
| total current assets | 3,009,779 | 2,762,096 | 2,078,705 |
| total assets | 5,123,980 | 4,411,873 | 3,380,553 |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | 2,465,697 | 1,753,696 | 1,285,872 |
| Group/Directors Accounts | 45,445 | 49,268 | |
| other short term finances | |||
| hp & lease commitments | 84,072 | 43,520 | 36,656 |
| other current liabilities | 1,102,200 | 1,146,632 | 956,705 |
| total current liabilities | 3,651,969 | 2,989,293 | 2,328,501 |
| loans | |||
| hp & lease commitments | 180,283 | 104,616 | 26,470 |
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | 8,548 | 8,548 | |
| total long term liabilities | 188,831 | 113,164 | 26,470 |
| total liabilities | 3,840,800 | 3,102,457 | 2,354,971 |
| net assets | 1,283,180 | 1,309,416 | 1,025,582 |
| total shareholders funds | 1,283,180 | 1,309,416 | 1,025,582 |
| Dec 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | 234,818 | 303,643 | -565,235 |
| Depreciation | 343,217 | 165,839 | 272,913 |
| Amortisation | |||
| Tax | 1,105 | -26,436 | 108,966 |
| Stock | 86,321 | 92,658 | 357,539 |
| Debtors | 302,534 | 817,580 | 1,974,298 |
| Creditors | 712,001 | 467,824 | 1,285,872 |
| Accruals and Deferred Income | -44,432 | 189,927 | 956,705 |
| Deferred Taxes & Provisions | 8,548 | ||
| Cash flow from operations | 857,854 | 199,107 | -272,616 |
| Investing Activities | |||
| capital expenditure | -323,847 | -212,294 | -146,788 |
| Change in Investments | |||
| cash flow from investments | -323,847 | -212,294 | -146,788 |
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | -45,445 | -3,823 | 49,268 |
| Other Short Term Loans | |||
| Long term loans | |||
| Hire Purchase and Lease Commitments | 116,219 | 85,010 | 63,126 |
| other long term liabilities | |||
| share issue | |||
| interest | -112,663 | -73,104 | -37,909 |
| cash flow from financing | -41,889 | 8,083 | 1,594,245 |
| cash and cash equivalents | |||
| cash | 342,622 | -19,009 | 192,363 |
| overdraft | |||
| change in cash | 342,622 | -19,009 | 192,363 |
sparks confectioners limited Credit Report and Business Information
Sparks Confectioners Limited Competitor Analysis
Perform a competitor analysis for sparks confectioners limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in LS1 area or any other competitors across 12 key performance metrics.
sparks confectioners limited Ownership
SPARKS CONFECTIONERS LIMITED group structure
Sparks Confectioners Limited has no subsidiary companies.
Ultimate parent company
2 parents
SPARKS CONFECTIONERS LIMITED
00993171
sparks confectioners limited directors
Sparks Confectioners Limited currently has 3 directors. The longest serving directors include Mr Simon Ablewhite (Jul 2006) and Mr Mark Rooza (Jun 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Ablewhite | England | 54 years | Jul 2006 | - | Director |
| Mr Mark Rooza | 57 years | Jun 2009 | - | Director | |
| Mrs Jane Scott | England | 50 years | Dec 2010 | - | Director |
P&L
December 2012turnover
23.2m
+53%
operating profit
234.8k
-23%
gross margin
16.8%
-3.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2012net assets
1.3m
-0.02%
total assets
5.1m
+0.16%
cash
516k
+1.98%
net assets
Total assets minus all liabilities
sparks confectioners limited company details
company number
00993171
Type
Private limited with Share Capital
industry
10710 - Manufacture of bread; manufacture of fresh pastry goods and cakes
incorporation date
October 1970
age
55
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2012
previous names
tea cake bakeries limited (December 1979)
accountant
-
auditor
-
address
no 1 whitehall riverside, leeds, west yorkshire, LS1 4BN
Bank
BARCLAYS BANK PLC
Legal Advisor
-
sparks confectioners 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 sparks confectioners limited. Currently there are 7 open charges and 3 have been satisfied in the past.
sparks confectioners 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.
Click to start generating capital raising & share issue transactions for SPARKS CONFECTIONERS LIMITED. This can take several minutes, an email will notify you when this has completed.
sparks confectioners limited Companies House Filings - See Documents
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