r. spivey and son limited

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r. spivey and son limited Company Information

Share R. SPIVEY AND SON LIMITED
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Company Number

01508468

Registered Address

30 pheasant drive, birstall, batley, west yorkshire, WF17 9LT

Industry

Recovery of sorted materials

 

Telephone

01924422552

Next Accounts Due

January 2025

Group Structure

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Directors

Ian Othick0 Years

Shareholders

cleaneco group ltd 100%

r. spivey and son limited Estimated Valuation

£5m

Pomanda estimates the enterprise value of R. SPIVEY AND SON LIMITED at £5m based on a Turnover of £8.6m and 0.58x industry multiple (adjusted for size and gross margin).

r. spivey and son limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of R. SPIVEY AND SON LIMITED at £1.9m based on an EBITDA of £310.2k and a 5.97x industry multiple (adjusted for size and gross margin).

r. spivey and son limited Estimated Valuation

£5.5m

Pomanda estimates the enterprise value of R. SPIVEY AND SON LIMITED at £5.5m based on Net Assets of £2.2m and 2.56x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from April 2023 

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R. Spivey And Son Limited Overview

R. Spivey And Son Limited is a live company located in batley, WF17 9LT with a Companies House number of 01508468. It operates in the recovery of sorted materials sector, SIC Code 38320. Founded in July 1980, it's largest shareholder is cleaneco group ltd with a 100% stake. R. Spivey And Son Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.6m with healthy growth in recent years.

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R. Spivey And Son Limited Health Check

Pomanda's financial health check has awarded R. Spivey And Son Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

5 Regular

positive_score

5 Weak

size

Size

annual sales of £8.6m, make it smaller than the average company (£16m)

£8.6m - R. Spivey And Son Limited

£16m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (10.5%)

9% - R. Spivey And Son Limited

10.5% - Industry AVG

production

Production

with a gross margin of 21.6%, this company has a comparable cost of product (21.6%)

21.6% - R. Spivey And Son Limited

21.6% - Industry AVG

profitability

Profitability

an operating margin of 3.2% make it less profitable than the average company (7.7%)

3.2% - R. Spivey And Son Limited

7.7% - Industry AVG

employees

Employees

with 33 employees, this is similar to the industry average (34)

33 - R. Spivey And Son Limited

34 - Industry AVG

paystructure

Pay Structure

on an average salary of £37.7k, the company has an equivalent pay structure (£37.7k)

£37.7k - R. Spivey And Son Limited

£37.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £260.7k, this is less efficient (£402.3k)

£260.7k - R. Spivey And Son Limited

£402.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 42 days, this is later than average (33 days)

42 days - R. Spivey And Son Limited

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 36 days, this is close to average (34 days)

36 days - R. Spivey And Son Limited

34 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 7 days, this is less than average (11 days)

7 days - R. Spivey And Son Limited

11 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (13 weeks)

8 weeks - R. Spivey And Son Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 30.4%, this is a lower level of debt than the average (51.6%)

30.4% - R. Spivey And Son Limited

51.6% - Industry AVG

r. spivey and son limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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R. Spivey And Son Limited Competitor Analysis

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Perform a competitor analysis for r. spivey and son limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

r. spivey and son limited Ownership

R. SPIVEY AND SON LIMITED group structure

R. Spivey And Son Limited has 3 subsidiary companies.

R. SPIVEY AND SON LIMITED Shareholders

cleaneco group ltd 100%

r. spivey and son limited directors

R. Spivey And Son Limited currently has 1 director, Mr Ian Othick serving since Dec 2023.

officercountryagestartendrole
Mr Ian OthickEngland29 years Dec 2023- Director

R. SPIVEY AND SON LIMITED financials

EXPORTms excel logo

R. Spivey And Son Limited's latest turnover from April 2023 is estimated at £8.6 million and the company has net assets of £2.2 million. According to their latest financial statements, R. Spivey And Son Limited has 33 employees and maintains cash reserves of £156.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Turnover8,602,9557,741,3586,828,0386,659,4227,399,3596,747,9575,429,7685,689,8217,011,0117,738,3037,036,8397,652,2277,280,2276,747,4090
Other Income Or Grants000000000000000
Cost Of Sales6,748,1555,983,3875,296,4365,212,3505,812,4305,284,0204,208,7354,591,6345,708,8896,403,0595,779,2506,281,0285,781,1854,975,4630
Gross Profit1,854,8001,757,9711,531,6021,447,0731,586,9281,463,9361,221,0341,098,1861,302,1221,335,2441,257,5891,371,2001,499,0421,771,9460
Admin Expenses1,575,8292,036,3891,002,5081,250,4491,172,8091,054,731630,4131,881,9781,262,5161,560,2161,066,7801,515,9341,616,8591,805,692-2,277,929
Operating Profit278,971-278,418529,094196,624414,119409,205590,621-783,79239,606-224,972190,809-144,734-117,817-33,7462,277,929
Interest Payable11,42813,5619,7228,7787,60810,04627,16721,6280000000
Interest Receivable12,11711,5241,2941,1337,0744,0311,9083,8293,3763,3254,0103,7663,6263,4051,585
Pre-Tax Profit279,660-280,456520,665188,979413,585403,190565,362-801,59242,983-221,647194,819-140,968-114,191-30,3412,279,514
Tax-69,9150-98,926-35,906-78,581-76,606-107,4190-8,5960-44,808000-638,264
Profit After Tax209,745-280,456421,739153,073335,004326,584457,943-801,59234,386-221,647150,011-140,968-114,191-30,3411,641,250
Dividends Paid000000000000000
Retained Profit209,745-280,456421,739153,073335,004326,584457,943-801,59234,386-221,647150,011-140,968-114,191-30,3411,641,250
Employee Costs1,244,9351,243,0731,369,9811,558,8961,569,6811,462,7591,233,2381,194,734970,748981,657663,377927,809957,0251,189,2160
Number Of Employees33364348494642433434233132420
EBITDA*310,227-227,318618,446295,309511,233476,262627,794-756,48168,263-194,146227,028-99,436-78,45524,0312,329,283

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Tangible Assets37,26264,396116,335187,810215,372223,380211,47599,48761,05638,19363,32273,49473,83794,16299,123
Intangible Assets0000000016,51718,11719,71721,31722,91724,51726,117
Investments & Other16,99916,99916,99916,99916,99916,99916,99916,99916,99916,99916,99916,999117,57516,99916,999
Debtors (Due After 1 year)000000000000000
Total Fixed Assets54,26181,395133,334204,809232,371240,379228,474116,48694,57273,309100,038111,810214,329135,678142,239
Stock & work in progress133,943167,428255,468266,181239,484145,942120,124160,871179,316128,216120,78169,23290,42491,63681,815
Trade Debtors1,008,0281,104,534936,443740,865926,6561,003,515880,236781,776912,7701,203,5271,112,0871,173,0771,270,0591,379,4881,352,331
Group Debtors1,521,7281,206,7280000000000000
Misc Debtors217,19427,70427,05328,23228,33828,30741,02539,4540000000
Cash156,427413,8061,429,9901,157,1151,109,371777,032835,504691,134840,306510,121820,076783,946722,410728,021634,089
misc current assets00337,257230,33700000000000
total current assets3,037,3202,920,2002,986,2112,422,7302,303,8491,954,7961,876,8891,673,2351,932,3921,841,8642,052,9442,026,2552,082,8932,199,1452,068,235
total assets3,091,5813,001,5953,119,5452,627,5392,536,2202,195,1752,105,3631,789,7212,026,9641,915,1732,152,9822,138,0652,297,2222,334,8232,210,474
Bank overdraft0222,995151,109167,650120,164105,253203,864165,4870000000
Bank loan000000000000000
Trade Creditors 672,086396,745389,813302,733354,477337,626208,975248,772691,364621,059637,221760,870767,026697,676549,518
Group/Directors Accounts16,99916,99941,95140,56152,98449,056342,49383,70000011,44523,47816,2389,706
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities239,721411,826273,465282,383321,956350,205325,680247,4290000000
total current liabilities928,8061,048,565856,338793,327849,581842,1401,081,012745,388691,364621,059637,221772,315790,504713,914559,224
loans0000000500,0000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions12,23512,23541,95634,70040,20041,60039,50017,4257,100000000
total long term liabilities12,23512,23541,95634,70040,20041,60039,500517,4257,100000000
total liabilities941,0411,060,800898,294828,027889,781883,7401,120,5121,262,813698,464621,059637,221772,315790,504713,914559,224
net assets2,150,5401,940,7952,221,2511,799,5121,646,4391,311,435984,851526,9081,328,5001,294,1141,515,7611,365,7501,506,7181,620,9091,651,250
total shareholders funds2,150,5401,940,7952,221,2511,799,5121,646,4391,311,435984,851526,9081,328,5001,294,1141,515,7611,365,7501,506,7181,620,9091,651,250
Apr 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Operating Activities
Operating Profit278,971-278,418529,094196,624414,119409,205590,621-783,79239,606-224,972190,809-144,734-117,817-33,7462,277,929
Depreciation31,25651,10089,35298,68597,11467,05737,17325,71127,05729,22634,61943,69837,76256,17749,754
Amortisation00000001,6001,6001,6001,6001,6001,6001,6001,600
Tax-69,9150-98,926-35,906-78,581-76,606-107,4190-8,5960-44,808000-638,264
Stock-33,485-88,040-10,71326,69793,54225,818-40,747-18,44551,1007,43551,549-21,192-1,2129,82181,815
Debtors407,9841,375,470194,399-185,897-76,828110,561100,031-91,540-290,75791,440-60,990-96,982-109,42927,1571,352,331
Creditors275,3416,93287,080-51,74416,851128,651-39,797-442,59270,305-16,162-123,649-6,15669,350148,158549,518
Accruals and Deferred Income-172,105138,361-8,918-39,573-28,24924,52578,251247,4290000000
Deferred Taxes & Provisions0-29,7217,256-5,500-1,4002,10022,07510,3257,100000000
Cash flow from operations-30,951-1,399,176421,252321,786403,140418,553521,620-831,334376,729-309,18368,01212,582101,536135,211806,391
Investing Activities
capital expenditure-4,122839-17,877-71,123-89,106-78,962-149,161-49,225-49,920-4,097-24,447-43,355-17,437-51,216-176,594
Change in Investments00000000000-100,576100,576016,999
cash flow from investments-4,122839-17,877-71,123-89,106-78,962-149,161-49,225-49,920-4,097-24,44757,221-118,013-51,216-193,593
Financing Activities
Bank loans000000000000000
Group/Directors Accounts0-24,9521,390-12,4233,928-293,437258,79383,70000-11,445-12,0337,2406,5329,706
Other Short Term Loans 000000000000000
Long term loans000000-500,000500,0000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue0000000000000010,000
interest689-2,037-8,428-7,645-534-6,015-25,259-17,7993,3763,3254,0103,7663,6263,4051,585
cash flow from financing689-26,989-7,038-20,0683,394-299,452-266,466565,9013,3763,325-7,435-8,26710,8669,93721,291
cash and cash equivalents
cash-257,379-1,016,184272,87547,744332,339-58,472144,370-149,172330,185-309,95536,13061,536-5,61193,932634,089
overdraft-222,99571,886-16,54147,48614,911-98,61138,377165,4870000000
change in cash-34,384-1,088,070289,416258317,42840,139105,993-314,659330,185-309,95536,13061,536-5,61193,932634,089

P&L

April 2023

turnover

8.6m

+11%

operating profit

279k

0%

gross margin

21.6%

-5.06%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

April 2023

net assets

2.2m

+0.11%

total assets

3.1m

+0.03%

cash

156.4k

-0.62%

net assets

Total assets minus all liabilities

r. spivey and son limited company details

company number

01508468

Type

Private limited with Share Capital

industry

38320 - Recovery of sorted materials

incorporation date

July 1980

age

44

accounts

Total Exemption Full

ultimate parent company

previous names

N/A

incorporated

UK

address

30 pheasant drive, birstall, batley, west yorkshire, WF17 9LT

last accounts submitted

April 2023

r. spivey and son 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 3 charges/mortgages relating to r. spivey and son limited. Currently there are 1 open charges and 2 have been satisfied in the past.

charges

r. spivey and son limited Companies House Filings - See Documents

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