old spinner limited(the)
old spinner limited(the) Company Information
Company Number
01328642
Next Accounts
Feb 2025
Shareholders
dmc (chesterfield) ltd
miss g.m. cook
View AllGroup Structure
View All
Industry
Hotels and similar accommodation
Registered Address
91-97 saltergate, chesterfield, S40 1LA
Website
www.cheranspinnerlimited.comold spinner limited(the) Estimated Valuation
Pomanda estimates the enterprise value of OLD SPINNER LIMITED(THE) at £285.5k based on a Turnover of £313k and 0.91x industry multiple (adjusted for size and gross margin).
old spinner limited(the) Estimated Valuation
Pomanda estimates the enterprise value of OLD SPINNER LIMITED(THE) at £0 based on an EBITDA of £-24k and a 3.58x industry multiple (adjusted for size and gross margin).
old spinner limited(the) Estimated Valuation
Pomanda estimates the enterprise value of OLD SPINNER LIMITED(THE) at £1.9m based on Net Assets of £868.7k and 2.24x industry multiple (adjusted for liquidity).
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Old Spinner Limited(the) Overview
Old Spinner Limited(the) is a dissolved company that was located in chesterfield, S40 1LA with a Companies House number of 01328642. It operated in the hotels and similar accommodation sector, SIC Code 55100. Founded in September 1977, it's largest shareholder was dmc (chesterfield) ltd with a 80% stake. The last turnover for Old Spinner Limited(the) was estimated at £313k.
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Old Spinner Limited(the) Health Check
Pomanda's financial health check has awarded Old Spinner Limited(The) a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
5 Weak
Size
annual sales of £313k, make it smaller than the average company (£4.4m)
- Old Spinner Limited(the)
£4.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -39%, show it is growing at a slower rate (3.6%)
- Old Spinner Limited(the)
3.6% - Industry AVG
Production
with a gross margin of 44.4%, this company has a higher cost of product (62.2%)
- Old Spinner Limited(the)
62.2% - Industry AVG
Profitability
an operating margin of -7.7% make it less profitable than the average company (7.5%)
- Old Spinner Limited(the)
7.5% - Industry AVG
Employees
with 4 employees, this is below the industry average (86)
- Old Spinner Limited(the)
86 - Industry AVG
Pay Structure
on an average salary of £18.5k, the company has an equivalent pay structure (£18.5k)
- Old Spinner Limited(the)
£18.5k - Industry AVG
Efficiency
resulting in sales per employee of £78.3k, this is more efficient (£54.5k)
- Old Spinner Limited(the)
£54.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Old Spinner Limited(the)
- - Industry AVG
Creditor Days
its suppliers are paid after 538 days, this is slower than average (50 days)
- Old Spinner Limited(the)
50 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Old Spinner Limited(the)
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Old Spinner Limited(the)
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 22.9%, this is a lower level of debt than the average (71%)
22.9% - Old Spinner Limited(the)
71% - Industry AVG
OLD SPINNER LIMITED(THE) financials
Old Spinner Limited(The)'s latest turnover from November 2018 is estimated at £313 thousand and the company has net assets of £868.7 thousand. According to their latest financial statements, we estimate that Old Spinner Limited(The) has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | ||||||||||
| Interest Payable | ||||||||||
| Interest Receivable | ||||||||||
| Pre-Tax Profit | ||||||||||
| Tax | ||||||||||
| Profit After Tax | ||||||||||
| Dividends Paid | ||||||||||
| Retained Profit | ||||||||||
| Employee Costs | ||||||||||
| Number Of Employees | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,126,634 | 0 | 900,717 | 896,198 | 906,507 | 984,189 | 978,530 | 967,774 | 976,960 | 929,653 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,126,634 | 0 | 900,717 | 896,198 | 906,507 | 984,189 | 978,530 | 967,774 | 976,960 | 929,653 |
| Stock & work in progress | 0 | 0 | 5,840 | 4,489 | 4,663 | 7,258 | 7,875 | 8,579 | 8,818 | 8,823 |
| Trade Debtors | 0 | 1,156,923 | 83,509 | 81,524 | 24,111 | 24,435 | 27,245 | 29,163 | 25,557 | 61,752 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 92,556 | 115,713 | 195,960 | 117,061 | 147,321 | 159,003 | 149,240 | 190,543 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 0 | 1,156,923 | 181,905 | 201,726 | 224,734 | 148,754 | 182,441 | 196,745 | 183,615 | 261,118 |
| total assets | 1,126,634 | 1,156,923 | 1,082,622 | 1,097,924 | 1,131,241 | 1,132,943 | 1,160,971 | 1,164,519 | 1,160,575 | 1,190,771 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 256,768 | 259,058 | 377,071 | 423,740 | 502,115 | 544,604 | 538,847 | 530,576 | 523,204 | 584,542 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 256,768 | 259,058 | 377,071 | 423,740 | 502,115 | 544,604 | 538,847 | 530,576 | 523,204 | 584,542 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,200 | 5,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 6,474 | 8,633 | 10,691 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,200 | 5,200 | 6,474 | 8,633 | 10,691 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 257,968 | 264,258 | 383,545 | 432,373 | 512,806 | 544,604 | 538,847 | 530,576 | 523,204 | 584,542 |
| net assets | 868,666 | 892,665 | 699,077 | 665,551 | 618,435 | 588,339 | 622,124 | 633,943 | 637,371 | 606,229 |
| total shareholders funds | 868,666 | 892,665 | 699,077 | 665,551 | 618,435 | 588,339 | 622,124 | 633,943 | 637,371 | 606,229 |
| Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 10,761 | 14,390 | 14,360 | 19,333 | 20,379 | 22,010 | 20,136 | 12,032 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | ||||||||||
| Stock | 0 | -5,840 | 1,351 | -174 | -2,595 | -617 | -704 | -239 | -5 | 8,823 |
| Debtors | -1,156,923 | 1,073,414 | 1,985 | 57,413 | -324 | -2,810 | -1,918 | 3,606 | -36,195 | 61,752 |
| Creditors | -2,290 | -118,013 | -46,669 | -78,375 | -42,489 | 5,757 | 8,271 | 7,372 | -61,338 | 584,542 |
| Accruals and Deferred Income | -4,000 | 5,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | -6,474 | -2,159 | -2,058 | 10,691 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 0 | -92,556 | -23,157 | -80,247 | 78,899 | -30,260 | -11,682 | 9,763 | -41,303 | 190,543 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | -92,556 | -23,157 | -80,247 | 78,899 | -30,260 | -11,682 | 9,763 | -41,303 | 190,543 |
old spinner limited(the) Credit Report and Business Information
Old Spinner Limited(the) Competitor Analysis
Perform a competitor analysis for old spinner limited(the) by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other undefined companies, companies in S40 area or any other competitors across 12 key performance metrics.
old spinner limited(the) Ownership
OLD SPINNER LIMITED(THE) group structure
Old Spinner Limited(The) has no subsidiary companies.
old spinner limited(the) directors
Old Spinner Limited(The) currently has 3 directors. The longest serving directors include Mrs Anne Cook (Aug 1991) and Mr David Cook (Aug 1991).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Anne Cook | England | 83 years | Aug 1991 | - | Director |
| Mr David Cook | England | 81 years | Aug 1991 | - | Director |
| Mrs Gaynor Chippendale | United Kingdom | 58 years | May 2006 | - | Director |
P&L
November 2018turnover
313k
-99%
operating profit
-24k
0%
gross margin
44.5%
-0.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2018net assets
868.7k
-0.03%
total assets
1.1m
-0.03%
cash
0
0%
net assets
Total assets minus all liabilities
old spinner limited(the) company details
company number
01328642
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
September 1977
age
48
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
November 2018
previous names
N/A
accountant
-
auditor
-
address
91-97 saltergate, chesterfield, S40 1LA
Bank
YORKSHIRE BANK PLC
Legal Advisor
-
old spinner limited(the) 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 7 charges/mortgages relating to old spinner limited(the). Currently there are 2 open charges and 5 have been satisfied in the past.
old spinner limited(the) 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 OLD SPINNER LIMITED(THE). This can take several minutes, an email will notify you when this has completed.
old spinner limited(the) Companies House Filings - See Documents
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