r. spivey and son limited Company Information
Company Number
01508468
Website
www.spiveydrums.co.ukRegistered Address
30 pheasant drive, birstall, batley, west yorkshire, WF17 9LT
Industry
Recovery of sorted materials
Telephone
01924422552
Next Accounts Due
January 2025
Group Structure
View All
Directors
Ian Othick0 Years
Shareholders
cleaneco group ltd 100%
r. spivey and son limited Estimated Valuation
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
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
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).
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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
2 Strong
5 Regular
5 Weak
Size
annual sales of £8.6m, make it smaller than the average company (£16m)
- R. Spivey And Son Limited
£16m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (10.5%)
- R. Spivey And Son Limited
10.5% - Industry AVG
Production
with a gross margin of 21.6%, this company has a comparable cost of product (21.6%)
- R. Spivey And Son Limited
21.6% - Industry AVG
Profitability
an operating margin of 3.2% make it less profitable than the average company (7.7%)
- R. Spivey And Son Limited
7.7% - Industry AVG
Employees
with 33 employees, this is similar to the industry average (34)
33 - R. Spivey And Son Limited
34 - Industry AVG
Pay Structure
on an average salary of £37.7k, the company has an equivalent pay structure (£37.7k)
- R. Spivey And Son Limited
£37.7k - Industry AVG
Efficiency
resulting in sales per employee of £260.7k, this is less efficient (£402.3k)
- R. Spivey And Son Limited
£402.3k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is later than average (33 days)
- R. Spivey And Son Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 36 days, this is close to average (34 days)
- R. Spivey And Son Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (11 days)
- R. Spivey And Son Limited
11 days - Industry AVG
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
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
R. Spivey And Son Limited Competitor Analysis
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.
Ultimate parent company
1 parent
R. SPIVEY AND SON LIMITED
01508468
3 subsidiaries
r. spivey and son limited directors
R. Spivey And Son Limited currently has 1 director, Mr Ian Othick serving since Dec 2023.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Ian Othick | England | 29 years | Dec 2023 | - | Director |
R. SPIVEY AND SON LIMITED financials
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 House, Pomanda Estimates
Apr 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 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 | 33 | 36 | 43 | 48 | 49 | 46 | 42 | 43 | |||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 37,262 | 64,396 | 116,335 | 187,810 | 215,372 | 223,380 | 211,475 | 99,487 | 61,056 | 38,193 | 63,322 | 73,494 | 73,837 | 94,162 | 99,123 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,517 | 18,117 | 19,717 | 21,317 | 22,917 | 24,517 | 26,117 |
Investments & Other | 16,999 | 16,999 | 16,999 | 16,999 | 16,999 | 16,999 | 16,999 | 16,999 | 16,999 | 16,999 | 16,999 | 16,999 | 117,575 | 16,999 | 16,999 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 54,261 | 81,395 | 133,334 | 204,809 | 232,371 | 240,379 | 228,474 | 116,486 | 94,572 | 73,309 | 100,038 | 111,810 | 214,329 | 135,678 | 142,239 |
Stock & work in progress | 133,943 | 167,428 | 255,468 | 266,181 | 239,484 | 145,942 | 120,124 | 160,871 | 179,316 | 128,216 | 120,781 | 69,232 | 90,424 | 91,636 | 81,815 |
Trade Debtors | 1,008,028 | 1,104,534 | 936,443 | 740,865 | 926,656 | 1,003,515 | 880,236 | 781,776 | 912,770 | 1,203,527 | 1,112,087 | 1,173,077 | 1,270,059 | 1,379,488 | 1,352,331 |
Group Debtors | 1,521,728 | 1,206,728 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 217,194 | 27,704 | 27,053 | 28,232 | 28,338 | 28,307 | 41,025 | 39,454 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 156,427 | 413,806 | 1,429,990 | 1,157,115 | 1,109,371 | 777,032 | 835,504 | 691,134 | 840,306 | 510,121 | 820,076 | 783,946 | 722,410 | 728,021 | 634,089 |
misc current assets | 0 | 0 | 337,257 | 230,337 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 3,037,320 | 2,920,200 | 2,986,211 | 2,422,730 | 2,303,849 | 1,954,796 | 1,876,889 | 1,673,235 | 1,932,392 | 1,841,864 | 2,052,944 | 2,026,255 | 2,082,893 | 2,199,145 | 2,068,235 |
total assets | 3,091,581 | 3,001,595 | 3,119,545 | 2,627,539 | 2,536,220 | 2,195,175 | 2,105,363 | 1,789,721 | 2,026,964 | 1,915,173 | 2,152,982 | 2,138,065 | 2,297,222 | 2,334,823 | 2,210,474 |
Bank overdraft | 0 | 222,995 | 151,109 | 167,650 | 120,164 | 105,253 | 203,864 | 165,487 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 672,086 | 396,745 | 389,813 | 302,733 | 354,477 | 337,626 | 208,975 | 248,772 | 691,364 | 621,059 | 637,221 | 760,870 | 767,026 | 697,676 | 549,518 |
Group/Directors Accounts | 16,999 | 16,999 | 41,951 | 40,561 | 52,984 | 49,056 | 342,493 | 83,700 | 0 | 0 | 0 | 11,445 | 23,478 | 16,238 | 9,706 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 239,721 | 411,826 | 273,465 | 282,383 | 321,956 | 350,205 | 325,680 | 247,429 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 928,806 | 1,048,565 | 856,338 | 793,327 | 849,581 | 842,140 | 1,081,012 | 745,388 | 691,364 | 621,059 | 637,221 | 772,315 | 790,504 | 713,914 | 559,224 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 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 | 0 |
provisions | 12,235 | 12,235 | 41,956 | 34,700 | 40,200 | 41,600 | 39,500 | 17,425 | 7,100 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 12,235 | 12,235 | 41,956 | 34,700 | 40,200 | 41,600 | 39,500 | 517,425 | 7,100 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 941,041 | 1,060,800 | 898,294 | 828,027 | 889,781 | 883,740 | 1,120,512 | 1,262,813 | 698,464 | 621,059 | 637,221 | 772,315 | 790,504 | 713,914 | 559,224 |
net assets | 2,150,540 | 1,940,795 | 2,221,251 | 1,799,512 | 1,646,439 | 1,311,435 | 984,851 | 526,908 | 1,328,500 | 1,294,114 | 1,515,761 | 1,365,750 | 1,506,718 | 1,620,909 | 1,651,250 |
total shareholders funds | 2,150,540 | 1,940,795 | 2,221,251 | 1,799,512 | 1,646,439 | 1,311,435 | 984,851 | 526,908 | 1,328,500 | 1,294,114 | 1,515,761 | 1,365,750 | 1,506,718 | 1,620,909 | 1,651,250 |
Apr 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | |||||||||||||||
Depreciation | 31,256 | 51,100 | 89,352 | 98,685 | 97,114 | 67,057 | 37,173 | 25,711 | 27,057 | 29,226 | 34,619 | 43,698 | 37,762 | 56,177 | 49,754 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 |
Tax | |||||||||||||||
Stock | -33,485 | -88,040 | -10,713 | 26,697 | 93,542 | 25,818 | -40,747 | -18,445 | 51,100 | 7,435 | 51,549 | -21,192 | -1,212 | 9,821 | 81,815 |
Debtors | 407,984 | 1,375,470 | 194,399 | -185,897 | -76,828 | 110,561 | 100,031 | -91,540 | -290,757 | 91,440 | -60,990 | -96,982 | -109,429 | 27,157 | 1,352,331 |
Creditors | 275,341 | 6,932 | 87,080 | -51,744 | 16,851 | 128,651 | -39,797 | -442,592 | 70,305 | -16,162 | -123,649 | -6,156 | 69,350 | 148,158 | 549,518 |
Accruals and Deferred Income | -172,105 | 138,361 | -8,918 | -39,573 | -28,249 | 24,525 | 78,251 | 247,429 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | -29,721 | 7,256 | -5,500 | -1,400 | 2,100 | 22,075 | 10,325 | 7,100 | 0 | 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 | 0 | -100,576 | 100,576 | 0 | 16,999 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | -24,952 | 1,390 | -12,423 | 3,928 | -293,437 | 258,793 | 83,700 | 0 | 0 | -11,445 | -12,033 | 7,240 | 6,532 | 9,706 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | -500,000 | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 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 | 0 |
share issue | |||||||||||||||
interest | |||||||||||||||
cash flow from financing | |||||||||||||||
cash and cash equivalents | |||||||||||||||
cash | -257,379 | -1,016,184 | 272,875 | 47,744 | 332,339 | -58,472 | 144,370 | -149,172 | 330,185 | -309,955 | 36,130 | 61,536 | -5,611 | 93,932 | 634,089 |
overdraft | -222,995 | 71,886 | -16,541 | 47,486 | 14,911 | -98,611 | 38,377 | 165,487 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -34,384 | -1,088,070 | 289,416 | 258 | 317,428 | 40,139 | 105,993 | -314,659 | 330,185 | -309,955 | 36,130 | 61,536 | -5,611 | 93,932 | 634,089 |
P&L
April 2023turnover
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 2023net 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.
r. spivey and son limited Companies House Filings - See Documents
date | description | view/download |
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