Spectrum Technologies Limited

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spectrum technologies limited Company Information

Company Number

02385991

Next Accounts

Dec 2025

Directors

Peter Dickinson

Wayne Thomas

Shareholders

mr peter hugh dickinson

spectrum technologies treasury

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Group Structure

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Industry

Manufacture of other special-purpose machinery n.e.c.

Registered Address

western avenue, bridgend industrial estate, bridgend, mid glamorgan, CF31 3RT

Website

www.spectrumtech.com

spectrum technologies limited Estimated Valuation

£11.3m

Pomanda estimates the enterprise value of SPECTRUM TECHNOLOGIES LIMITED at £11.3m based on Net Assets of £5.1m and 2.21x industry multiple (adjusted for liquidity).

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Spectrum Technologies Limited is a live company located in bridgend, CF31 3RT with a Companies House number of 02385991. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in May 1989, it's largest shareholder is mr peter hugh dickinson with a 43.6% stake. Spectrum Technologies Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.2m with high growth in recent years.

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Pomanda's financial health check has awarded Spectrum Technologies Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £10.2m, make it smaller than the average company (£13.3m)

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (9.4%)

EXPORT

Spectrum Technologies Limited's latest turnover from March 2024 is £10.2 million and the company has net assets of £5.1 million. According to their latest financial statements, Spectrum Technologies Limited has 54 employees and maintains cash reserves of £2.9 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Dec 2009
Turnover	10,241,709	6,912,747	6,266,591	5,228,374	6,043,686	7,564,907	5,308,518	6,706,884	7,197,490	5,392,089	7,605,820	8,838,887	8,423,544	9,520,779	7,619,486
Other Income Or Grants
Cost Of Sales	6,300,882	4,254,070	4,026,670	3,671,486	4,429,695	4,949,511	4,277,552	4,567,218	4,530,057	4,707,267	5,017,151	6,205,853	5,596,570	6,496,203	5,023,356
Gross Profit	3,940,827	2,658,677	2,239,921	1,556,888	1,613,991	2,615,396	1,030,966	2,139,666	2,667,433	684,822	2,588,669	2,633,034	2,826,974	3,024,576	2,596,130
Admin Expenses	2,568,633	2,027,416	1,767,679	1,493,068	2,126,413	2,278,942	1,752,648	2,534,768	1,975,459	1,979,697	2,278,252	2,168,652	2,017,047	2,288,991	2,130,098
Operating Profit	1,372,194	631,261	472,242	63,820	-512,422	336,454	-721,682	-395,102	691,974	-1,294,875	310,417	464,382	809,927	735,585	466,032
Interest Payable		4,098	7,996	7,879	6,695	735	262	1,918	3,433	155	151	1,346	1,387	12,162	14,331
Interest Receivable	5,610	97	85	139	383	15,873	1,528	1,230	621	2,113	8,144	16,166		8,486
Pre-Tax Profit	1,412,532	849,613	224,046	591,626	-858,582	351,592	-720,416	-395,790	689,162	-1,292,917	318,410	479,202	808,540	731,909	451,701
Tax	11,671	291	-86,791	5,486	139,051	118,797	102,446	-49,387	-51,335	-50,736	-24,864	-42,496	-129,131	-234,310	-160,703
Profit After Tax	1,424,203	849,904	137,255	597,112	-719,531	470,389	-617,970	-445,177	637,827	-1,343,653	293,546	436,706	679,409	497,599	290,998
Dividends Paid											239,793
Retained Profit	1,424,203	849,904	137,255	597,112	-719,531	470,389	-617,970	-445,177	637,827	-1,343,653	53,753	436,706	679,409	497,599	290,998
Employee Costs	3,503,070	2,793,427	2,474,492	2,657,979	2,846,757	2,702,957	2,634,496	2,486,511	2,354,639	2,475,453	2,914,286	2,610,830	2,327,270	2,827,281	2,118,342
Number Of Employees	54	42	50	59	67	66	69	68	65	70	79	80	74	77	81
EBITDA*	1,412,755	648,216	498,559	98,343	-477,577	373,828	-676,172	-340,662	723,917	-1,140,282	491,942	634,953	973,591	910,165	639,913

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Dec 2009
Tangible Assets	96,025	106,625	69,323	75,651	106,662	141,514	156,389	199,120	176,763	202,056	222,634	267,041	171,897	44,049	62,333
Intangible Assets											200,202	313,755	427,153	540,706	675,881
Investments & Other	34,728
Debtors (Due After 1 year)
Total Fixed Assets	130,753	106,625	69,323	75,651	106,662	141,514	156,389	199,120	176,763	202,056	422,836	580,796	599,050	584,755	738,214
Stock & work in progress	2,898,322	2,400,121	1,786,799	1,923,952	2,241,579	1,794,156	1,881,735	1,838,142	1,652,078	1,360,443	1,890,195	1,823,127	1,411,248	1,316,192	1,535,237
Trade Debtors	1,425,824	1,891,036	2,091,418	1,461,331	1,118,722	1,560,469	854,608	1,578,821	1,215,480	1,142,335	1,239,879	1,335,585	1,550,914	1,084,941	2,442,276
Group Debtors
Misc Debtors	660,969	367,752	526,594	822,303	526,533	752,874	789,211	1,062,475	451,203	365,876	908,758	236,468	673,611	282,369	200,834
Cash	2,868,287	2,517,522	1,505,314	1,614,937	726,610	1,622,129	1,221,599	822,904	2,091,465	1,681,432	1,123,859	1,990,526	1,762,014	1,834,782	893,447
misc current assets
total current assets	7,853,402	7,176,431	5,910,125	5,822,523	4,613,444	5,729,628	4,747,153	5,302,342	5,410,226	4,550,086	5,162,691	5,385,706	5,397,787	4,518,284	5,071,794
total assets	7,984,155	7,283,056	5,979,448	5,898,174	4,720,106	5,871,142	4,903,542	5,501,462	5,586,989	4,752,142	5,585,527	5,966,502	5,996,837	5,103,039	5,810,008
Bank overdraft			10,000	637,019	59,572	583,985	57,906			239,778					728,793
Bank loan	10,000	10,000
Trade Creditors	657,489	706,606	673,566	528,694	538,725	920,617	578,702	615,470	333,849	290,850	111,473	657,955	779,325	536,053	900,131
Group/Directors Accounts
other short term finances					411,309	180,293	130,612	643,813	410,869	101,737
hp & lease commitments
other current liabilities	2,145,311	2,665,476	1,841,559	1,373,754	944,913	718,926	1,153,426	598,135	792,651	697,491	779,392	676,696	1,015,659	1,070,896	1,155,021
total current liabilities	2,812,800	3,382,082	2,525,125	2,539,467	1,954,519	2,403,821	1,920,646	1,857,418	1,537,369	1,329,856	890,865	1,334,651	1,794,984	1,606,949	2,783,945
loans	9,829	20,478	31,126	59,805
hp & lease commitments
Accruals and Deferred Income								8,199
other liabilities
provisions	57,000	46,800									6,625	14,322	5,923
total long term liabilities	66,829	67,278	31,126	59,805				8,199			6,625	14,322	5,923
total liabilities	2,879,629	3,449,360	2,556,251	2,599,272	1,954,519	2,403,821	1,920,646	1,865,617	1,537,369	1,329,856	897,490	1,348,973	1,800,907	1,606,949	2,783,945
net assets	5,104,526	3,833,696	3,423,197	3,298,902	2,765,587	3,467,321	2,982,896	3,635,845	4,049,620	3,422,286	4,688,037	4,617,529	4,195,930	3,496,090	3,026,063
total shareholders funds	5,104,526	3,833,696	3,423,197	3,298,902	2,765,587	3,467,321	2,982,896	3,635,845	4,049,620	3,422,286	4,688,037	4,617,529	4,195,930	3,496,090	3,026,063

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Dec 2009
Operating Activities
Operating Profit	1,372,194	631,261	472,242	63,820	-512,422	336,454	-721,682	-395,102	691,974	-1,294,875	310,417	464,382	809,927	735,585	466,032
Depreciation	40,561	16,955	26,317	34,523	34,845	37,374	45,510	54,440	31,943	41,040	67,972	57,173	50,111	39,405	65,741
Amortisation										113,553	113,553	113,398	113,553	135,175	108,140
Tax	11,671	291	-86,791	5,486	139,051	118,797	102,446	-49,387	-51,335	-50,736	-24,864	-42,496	-129,131	-234,310	-160,703
Stock	498,201	613,322	-137,153	-317,627	447,423	-87,579	43,593	186,064	291,635	-529,752	67,068	411,879	95,056	1,316,192	1,535,237
Debtors	-171,995	-359,224	334,378	638,379	-668,088	669,524	-997,477	974,613	158,472	-640,426	576,584	-652,472	857,215	1,367,310	2,643,110
Creditors	-49,117	33,040	144,872	-10,031	-381,892	341,915	-36,768	281,621	42,999	179,377	-546,482	-121,370	243,272	536,053	900,131
Accruals and Deferred Income	-520,165	823,917	467,805	428,841	225,987	-434,500	547,092	-186,317	95,160	-81,901	102,696	-338,963	-55,237	1,070,896	1,155,021
Deferred Taxes & Provisions	10,200	46,800								-6,625	-7,697	8,399	5,923
Cash flow from operations	539,138	1,298,166	827,220	201,887	-273,766	-181,905	890,482	-1,455,422	360,634	70,011	-628,057	381,116	86,147	-400,698	-1,643,985
Investing Activities
capital expenditure						93,466	-2,779	-76,797		-20,025	-23,820	-152,317	-177,959	-21,121
Change in Investments	34,728
cash flow from investments	-34,728					93,466	-2,779	-76,797		-20,025	-23,820	-152,317	-177,959	-21,121
Financing Activities
Bank loans		10,000
Group/Directors Accounts
Other Short Term Loans				-411,309	231,016	49,681	-513,201	232,944	309,132	101,737
Long term loans	-10,649	-10,648	-28,679	59,805
Hire Purchase and Lease Commitments
other long term liabilities
share issue	-153,373	-439,405	-12,960	-63,797	17,797	14,036	-34,979	31,402	-10,493	77,902	16,755	-15,107	20,431	2,998,491	2,735,065
interest	5,610	-4,001	-7,911	-7,740	-6,312	15,138	1,266	-688	-2,812	1,958	7,993	14,820	-1,387	-3,676	-14,331
cash flow from financing	-158,412	-444,054	-49,550	-423,041	242,501	78,855	-546,914	263,658	295,827	181,597	24,748	-287	19,044	2,994,815	2,720,734
cash and cash equivalents
cash	350,765	1,012,208	-109,623	888,327	-895,519	400,530	398,695	-1,268,561	410,033	557,573	-866,667	228,512	-72,768	1,834,782	893,447
overdraft		-10,000	-627,019	577,447	-524,413	526,079	57,906		-239,778	239,778					728,793
change in cash	350,765	1,022,208	517,396	310,880	-371,106	-125,549	340,789	-1,268,561	649,811	317,795	-866,667	228,512	-72,768	1,834,782	164,654

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SPECTRUM TECHNOLOGIES LIMITED group structure

Spectrum Technologies Limited has 1 subsidiary company.

Ultimate parent company

SPECTRUM TECHNOLOGIES LIMITED

02385991

1 subsidiary

SPECTRUM TECHNOLOGIES PROFIT SHARING SCHEME TRUSTEES LIMITED

03669274

SPECTRUM TECHNOLOGIES LIMITED Shareholders

mr peter hugh dickinson	43.61%
spectrum technologies treasury	34.59%
ms alison jane dickinson & mr peter hugh dickinson	6.28%
hargreaves lansdown (nominees) limited	3.79%
james peter dickinson	3.01%
ms julie briggs	2.79%
mr robert john briggs	2.22%
patricia anne gorman & david brian gorman	0.74%
mr david rapoport	0.74%
mr richard guy thomas	0.46%

Spectrum Technologies Limited currently has 2 directors. The longest serving directors include Dr Peter Dickinson (Jun 1991) and Mr Wayne Thomas (May 2023).

officer	country	age	start	end	role
Dr Peter Dickinson		70 years	Jun 1991	-	Director
Mr Wayne Thomas		56 years	May 2023	-	Director

P&L

March 2024

turnover

10.2m

+48%

operating profit

1.4m

+117%

gross margin

38.5%

+0.05%

turnover

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

Balance Sheet

March 2024

net assets

5.1m

+0.33%

total assets

+0.1%

cash

2.9m

+0.14%

net assets

Total assets minus all liabilities

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company number

02385991

Type

Private limited with Share Capital

industry

28990 - Manufacture of other special-purpose machinery n.e.c.

incorporation date

May 1989

ultimate parent company

None

previous names

spectrum technologies plc (March 2017)

miterun limited (October 1989)

address

western avenue, bridgend industrial estate, bridgend, mid glamorgan, CF31 3RT

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 4 charges/mortgages relating to spectrum technologies limited. Currently there are 2 open charges and 2 have been satisfied in the past.

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spectrum technologies limited Company Information

spectrum technologies limited Estimated Valuation

spectrum technologies limited Estimated Valuation

spectrum technologies limited Estimated Valuation

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