spectec ltd
spectec ltd Company Information
Company Number
02371124
Website
www.spectec.netRegistered Address
6 nb trafford house, chester road, manchester, M32 0RS
Industry
Other information technology and computer service activities
Telephone
01618882288
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
spectec group holdings ltd 100%
spectec ltd Estimated Valuation
Pomanda estimates the enterprise value of SPECTEC LTD at £5.4m based on a Turnover of £5.5m and 0.97x industry multiple (adjusted for size and gross margin).
spectec ltd Estimated Valuation
Pomanda estimates the enterprise value of SPECTEC LTD at £2.9m based on an EBITDA of £425.9k and a 6.87x industry multiple (adjusted for size and gross margin).
spectec ltd Estimated Valuation
Pomanda estimates the enterprise value of SPECTEC LTD at £0 based on Net Assets of £-1m and 0.39x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Spectec Ltd Overview
Spectec Ltd is a live company located in manchester, M32 0RS with a Companies House number of 02371124. It operates in the other information technology service activities sector, SIC Code 62090. Founded in April 1989, it's largest shareholder is spectec group holdings ltd with a 100% stake. Spectec Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £5.5m with low growth in recent years.
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Spectec Ltd Health Check
Pomanda's financial health check has awarded Spectec Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £5.5m, make it in line with the average company (£6.6m)
£5.5m - Spectec Ltd
£6.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5.4%)
3% - Spectec Ltd
5.4% - Industry AVG
Production
with a gross margin of 72.5%, this company has a lower cost of product (51.8%)
72.5% - Spectec Ltd
51.8% - Industry AVG
Profitability
an operating margin of 5.1% make it more profitable than the average company (3.7%)
5.1% - Spectec Ltd
3.7% - Industry AVG
Employees
with 46 employees, this is similar to the industry average (43)
46 - Spectec Ltd
43 - Industry AVG
Pay Structure
on an average salary of £47.3k, the company has a lower pay structure (£68k)
£47.3k - Spectec Ltd
£68k - Industry AVG
Efficiency
resulting in sales per employee of £119.8k, this is less efficient (£162k)
£119.8k - Spectec Ltd
£162k - Industry AVG
Debtor Days
it gets paid by customers after 29 days, this is earlier than average (56 days)
29 days - Spectec Ltd
56 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (36 days)
13 days - Spectec Ltd
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Spectec Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)
0 weeks - Spectec Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 178.4%, this is a higher level of debt than the average (63.9%)
178.4% - Spectec Ltd
63.9% - Industry AVG
SPECTEC LTD financials
Spectec Ltd's latest turnover from December 2022 is £5.5 million and the company has net assets of -£1 million. According to their latest financial statements, Spectec Ltd has 46 employees and maintains cash reserves of £9.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,508,980 | 5,015,541 | 5,157,055 | 5,035,116 | 5,546,928 | 4,386,910 | 3,097,732 | 3,158,393 | 2,881,479 | 2,498,784 | 2,830,028 | 2,570,484 | 2,481,191 | 2,505,702 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,513,891 | 1,256,216 | 1,507,474 | 2,161,539 | 2,228,195 | 2,393,571 | 1,713,555 | 1,882,272 | 1,854,634 | 1,329,668 | 1,380,466 | 1,182,834 | 1,155,375 | 1,178,371 |
| Gross Profit | 3,995,089 | 3,759,325 | 3,649,581 | 2,873,577 | 3,318,733 | 1,993,339 | 1,384,177 | 1,276,121 | 1,026,845 | 1,169,116 | 1,449,562 | 1,387,650 | 1,325,816 | 1,327,331 |
| Admin Expenses | 3,716,315 | 3,980,972 | 3,541,656 | 3,189,879 | 3,509,216 | 1,956,500 | 1,769,460 | 1,454,956 | 1,233,999 | 1,608,556 | 1,460,792 | 1,564,715 | 1,172,323 | 1,371,900 |
| Operating Profit | 278,774 | -221,647 | 107,925 | -316,302 | -190,483 | 36,839 | -385,283 | -178,835 | -207,154 | -439,440 | -11,230 | -177,065 | 153,493 | -44,569 |
| Interest Payable | 5,055 | 5,827 | 6,584 | 7,185 | 0 | 0 | 0 | 0 | 26,914 | 9,241 | 17,745 | 6,327 | 10,793 | 6,571 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 75 | 1,447 | 15 | 26 | 2,458 | 9,540 | 16,098 | 7,505 | 79 |
| Pre-Tax Profit | 273,719 | -227,474 | 101,341 | -323,487 | -190,483 | 36,914 | -383,836 | -178,820 | -234,042 | -446,223 | -19,435 | -167,294 | 150,205 | -51,061 |
| Tax | -65,908 | 14,353 | -42,567 | 90,102 | 103,682 | 3,704 | 85,822 | 34,795 | -48,052 | 48,052 | 3,379 | 44,976 | -39,920 | 11,841 |
| Profit After Tax | 207,811 | -213,121 | 58,774 | -233,385 | -86,801 | 40,618 | -298,014 | -144,025 | -282,094 | -398,171 | -16,056 | -122,318 | 110,285 | -39,220 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 416,182 | 0 | 0 | 0 |
| Retained Profit | 207,811 | -213,121 | 58,774 | -233,385 | -86,801 | 40,618 | -298,014 | -144,025 | -282,094 | -398,171 | -432,238 | -122,318 | 110,285 | -39,220 |
| Employee Costs | 2,176,364 | 1,719,374 | 2,400,776 | 1,945,161 | 2,074,094 | 1,711,503 | 1,525,173 | 1,579,338 | 1,198,050 | 1,475,647 | 1,439,075 | 1,322,738 | 1,089,592 | 1,065,484 |
| Number Of Employees | 46 | 38 | 28 | 28 | 38 | 35 | 26 | 29 | 27 | 29 | 29 | 29 | 24 | 25 |
| EBITDA* | 425,944 | -75,100 | 256,562 | -253,041 | -167,536 | 48,317 | -355,654 | -143,522 | -169,655 | -396,295 | 28,509 | -134,993 | 190,610 | 1,205 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 211,969 | 273,427 | 329,199 | 391,481 | 83,059 | 47,076 | 14,398 | 39,778 | 68,140 | 94,356 | 47,994 | 61,193 | 68,833 | 42,786 |
| Intangible Assets | 342,853 | 428,565 | 514,277 | 599,988 | 685,700 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 554,822 | 701,992 | 843,476 | 991,469 | 768,759 | 47,076 | 14,398 | 39,778 | 68,140 | 94,356 | 47,994 | 61,193 | 68,833 | 42,786 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 85,940 | 53,374 | 34,168 | 95,663 | 100,911 | 90,086 | 145,122 | 51,108 |
| Trade Debtors | 446,635 | 621,908 | 1,269,786 | 336,947 | 656,617 | 189,110 | 184,286 | 293,565 | 349,814 | 271,234 | 342,734 | 874,957 | 572,599 | 899,940 |
| Group Debtors | 166,655 | 420,518 | 0 | 0 | 270,281 | 398,759 | 13,733 | 263,599 | 150,610 | 107,936 | 155,878 | 928,233 | 538,958 | 478,709 |
| Misc Debtors | 118,385 | 315,413 | 284,086 | 408,280 | 832,258 | 691,631 | 460,269 | 285,211 | 120,024 | 189,558 | 153,717 | 139,369 | 101,445 | 99,226 |
| Cash | 9,861 | 169,619 | 87,995 | 108,661 | 10,608 | 22,565 | 24,320 | 71,772 | 0 | 30,309 | 121,617 | 181,545 | 686,693 | 181,069 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 741,536 | 1,527,458 | 1,641,867 | 853,888 | 1,769,764 | 1,302,065 | 768,548 | 967,521 | 654,616 | 694,700 | 874,857 | 2,214,190 | 2,044,817 | 1,710,052 |
| total assets | 1,296,358 | 2,229,450 | 2,485,343 | 1,845,357 | 2,538,523 | 1,349,141 | 782,946 | 1,007,299 | 722,756 | 789,056 | 922,851 | 2,275,383 | 2,113,650 | 1,752,838 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,103 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 56,496 | 2,226 | 13,147 | 65,956 | 96,057 | 0 | 19,713 | 33,514 | 46,350 | 162,376 | 15,703 | 24,898 | 22,767 | 41,156 |
| Group/Directors Accounts | 302,116 | 945,253 | 157,624 | 610,449 | 1,416,969 | 1,092,951 | 463,027 | 662,326 | 538,387 | 271,958 | 190,085 | 624,038 | 23,265 | 7,950 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 35,930 | 39,025 | 38,253 | 37,496 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,380,096 | 2,009,453 | 2,651,250 | 1,441,174 | 1,647,659 | 890,581 | 975,215 | 688,454 | 335,886 | 305,598 | 269,768 | 746,914 | 1,061,510 | 812,166 |
| total current liabilities | 1,774,638 | 2,995,957 | 2,860,274 | 2,155,075 | 3,160,685 | 1,983,532 | 1,457,955 | 1,384,294 | 955,726 | 739,932 | 475,556 | 1,395,850 | 1,107,542 | 861,272 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 202,973 | 238,904 | 277,929 | 316,182 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 334,891 | 218,544 | 357,330 | 443,708 | 214,061 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 644 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,257 | 0 |
| total long term liabilities | 537,864 | 457,448 | 635,903 | 759,890 | 214,061 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,257 | 0 |
| total liabilities | 2,312,502 | 3,453,405 | 3,496,177 | 2,914,965 | 3,374,746 | 1,983,532 | 1,457,955 | 1,384,294 | 955,726 | 739,932 | 475,556 | 1,395,850 | 1,111,799 | 861,272 |
| net assets | -1,016,144 | -1,223,955 | -1,010,834 | -1,069,608 | -836,223 | -634,391 | -675,009 | -376,995 | -232,970 | 49,124 | 447,295 | 879,533 | 1,001,851 | 891,566 |
| total shareholders funds | -1,016,144 | -1,223,955 | -1,010,834 | -1,069,608 | -836,223 | -634,391 | -675,009 | -376,995 | -232,970 | 49,124 | 447,295 | 879,533 | 1,001,851 | 891,566 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 278,774 | -221,647 | 107,925 | -316,302 | -190,483 | 36,839 | -385,283 | -178,835 | -207,154 | -439,440 | -11,230 | -177,065 | 153,493 | -44,569 |
| Depreciation | 61,458 | 60,835 | 62,926 | 63,261 | 22,947 | 11,478 | 29,629 | 35,313 | 37,499 | 43,145 | 39,739 | 42,072 | 37,117 | 45,774 |
| Amortisation | 85,712 | 85,712 | 85,711 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -65,908 | 14,353 | -42,567 | 90,102 | 103,682 | 3,704 | 85,822 | 34,795 | -48,052 | 48,052 | 3,379 | 44,976 | -39,920 | 11,841 |
| Stock | 0 | 0 | 0 | 0 | 0 | -85,940 | 32,566 | 19,206 | -61,495 | -5,248 | 10,825 | -55,036 | 94,014 | 51,108 |
| Debtors | -626,164 | -196,033 | 808,645 | -1,013,929 | 479,656 | 621,212 | -184,087 | 221,927 | 51,720 | -83,601 | -1,290,230 | 729,557 | -264,873 | 1,477,875 |
| Creditors | 54,270 | -10,921 | -52,809 | -30,101 | 96,057 | -19,713 | -13,801 | -12,836 | -116,026 | 146,673 | -9,195 | 2,131 | -18,389 | 41,156 |
| Accruals and Deferred Income | -513,010 | -780,583 | 1,123,698 | 23,162 | 971,139 | -84,634 | 286,761 | 352,568 | 30,288 | 35,830 | -477,146 | -314,596 | 249,344 | 812,166 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,257 | 4,257 | 0 |
| Cash flow from operations | 527,460 | -656,218 | 476,239 | 844,051 | 523,686 | -587,598 | 154,649 | -10,128 | -293,670 | -76,891 | 824,952 | -1,081,260 | 556,761 | -662,615 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -643,137 | 787,629 | -452,825 | -806,520 | 324,018 | 629,924 | -199,299 | 123,939 | 266,429 | 81,873 | -433,953 | 600,773 | 15,315 | 7,950 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -39,026 | -38,253 | -37,496 | 353,678 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -644 | 644 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -5,055 | -5,827 | -6,584 | -7,185 | 0 | 75 | 1,447 | 15 | -26,888 | -6,783 | -8,205 | 9,771 | -3,288 | -6,492 |
| cash flow from financing | -687,218 | 742,905 | -496,261 | -460,027 | 208,987 | 629,999 | -197,852 | 123,954 | 239,541 | 75,090 | -442,158 | 610,544 | 12,027 | 932,244 |
| cash and cash equivalents | ||||||||||||||
| cash | -159,758 | 81,624 | -20,666 | 98,053 | -11,957 | -1,755 | -47,452 | 71,772 | -30,309 | -91,308 | -59,928 | -505,148 | 505,624 | 181,069 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -35,103 | 35,103 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -159,758 | 81,624 | -20,666 | 98,053 | -11,957 | -1,755 | -47,452 | 106,875 | -65,412 | -91,308 | -59,928 | -505,148 | 505,624 | 181,069 |
spectec ltd Credit Report and Business Information
Spectec Ltd Competitor Analysis
Perform a competitor analysis for spectec ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in M32 area or any other competitors across 12 key performance metrics.
spectec ltd Ownership
SPECTEC LTD group structure
Spectec Ltd has no subsidiary companies.
Ultimate parent company
CONTELLATION SOFTWARE INC
#0079279
SPECTEC GROUP HOLDINGS LTD
#0028401
2 parents
SPECTEC LTD
02371124
spectec ltd directors
Spectec Ltd currently has 3 directors. The longest serving directors include Mrs Deborah Riley (Sep 2015) and Mr Christopher Wildsmith (Dec 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Deborah Riley | England | 54 years | Sep 2015 | - | Director |
| Mr Christopher Wildsmith | England | 54 years | Dec 2016 | - | Director |
| Mrs Katharine Mansell | England | 45 years | Oct 2018 | - | Director |
P&L
December 2022turnover
5.5m
+10%
operating profit
278.8k
-226%
gross margin
72.6%
-3.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-1m
-0.17%
total assets
1.3m
-0.42%
cash
9.9k
-0.94%
net assets
Total assets minus all liabilities
Similar Companies
spectec ltd company details
company number
02371124
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
April 1989
age
35
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
amos uk limited (May 2005)
xantic limited (April 2005)
See morelast accounts submitted
December 2022
address
6 nb trafford house, chester road, manchester, M32 0RS
accountant
-
auditor
HAINES WATTS
spectec ltd 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 spectec ltd. Currently there are 2 open charges and 1 have been satisfied in the past.
spectec ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
