spectrum radio limited
spectrum radio limited Company Information
Company Number
02388187
Website
www.spectrumradio.netRegistered Address
opus restructuring llp, 1 radian court, milton keynes, buckinghamshire, MK5 8PJ
Industry
Radio broadcasting
Telephone
02076274433
Next Accounts Due
1449 days late
Group Structure
View All
Shareholders
chaumont ltd 100%
spectrum radio limited Estimated Valuation
Pomanda estimates the enterprise value of SPECTRUM RADIO LIMITED at £88.1k based on a Turnover of £213.9k and 0.41x industry multiple (adjusted for size and gross margin).
spectrum radio limited Estimated Valuation
Pomanda estimates the enterprise value of SPECTRUM RADIO LIMITED at £0 based on an EBITDA of £-10.3k and a 2.16x industry multiple (adjusted for size and gross margin).
spectrum radio limited Estimated Valuation
Pomanda estimates the enterprise value of SPECTRUM RADIO LIMITED at £115.9k based on Net Assets of £60.4k and 1.92x industry multiple (adjusted for liquidity).
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Spectrum Radio Limited Overview
Spectrum Radio Limited is a live company located in milton keynes, MK5 8PJ with a Companies House number of 02388187. It operates in the radio broadcasting sector, SIC Code 60100. Founded in May 1989, it's largest shareholder is chaumont ltd with a 100% stake. Spectrum Radio Limited is a mature, micro sized company, Pomanda has estimated its turnover at £213.9k with declining growth in recent years.
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Spectrum Radio Limited Health Check
Pomanda's financial health check has awarded Spectrum Radio Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
7 Weak
Size
annual sales of £213.9k, make it smaller than the average company (£2m)
- Spectrum Radio Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of -43%, show it is growing at a slower rate (2.1%)
- Spectrum Radio Limited
2.1% - Industry AVG
Production
with a gross margin of 35.8%, this company has a higher cost of product (61.5%)
- Spectrum Radio Limited
61.5% - Industry AVG
Profitability
an operating margin of -6.8% make it less profitable than the average company (12.8%)
- Spectrum Radio Limited
12.8% - Industry AVG
Employees
with 5 employees, this is below the industry average (8)
5 - Spectrum Radio Limited
8 - Industry AVG
Pay Structure
on an average salary of £25.8k, the company has an equivalent pay structure (£25.8k)
- Spectrum Radio Limited
£25.8k - Industry AVG
Efficiency
resulting in sales per employee of £42.8k, this is less efficient (£78.3k)
- Spectrum Radio Limited
£78.3k - Industry AVG
Debtor Days
it gets paid by customers after 108 days, this is later than average (35 days)
- Spectrum Radio Limited
35 days - Industry AVG
Creditor Days
its suppliers are paid after 211 days, this is slower than average (21 days)
- Spectrum Radio Limited
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Spectrum Radio Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 42 weeks, this is average cash available to meet short term requirements (38 weeks)
42 weeks - Spectrum Radio Limited
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 56.8%, this is a similar level of debt than the average (61.7%)
56.8% - Spectrum Radio Limited
61.7% - Industry AVG
SPECTRUM RADIO LIMITED financials
Spectrum Radio Limited's latest turnover from October 2018 is estimated at £213.9 thousand and the company has net assets of £60.4 thousand. According to their latest financial statements, Spectrum Radio Limited has 5 employees and maintains cash reserves of £65.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 980,735 | 1,143,630 | 844,416 | 999,619 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 311,016 | 274,569 | 253,374 | 287,265 | ||||||
| Gross Profit | 669,719 | 869,061 | 591,042 | 712,354 | ||||||
| Admin Expenses | 667,581 | 864,275 | 527,567 | 582,061 | ||||||
| Operating Profit | 2,138 | 4,786 | 63,475 | 130,293 | ||||||
| Interest Payable | 667 | 719 | 0 | 2,214 | ||||||
| Interest Receivable | 0 | 0 | 0 | 35 | ||||||
| Pre-Tax Profit | 1,471 | 6,950 | -238,353 | 128,114 | ||||||
| Tax | 0 | 0 | 0 | 0 | ||||||
| Profit After Tax | 1,471 | 6,950 | -238,353 | 128,114 | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | ||||||
| Retained Profit | 1,471 | 6,950 | -238,353 | 128,114 | ||||||
| Employee Costs | ||||||||||
| Number Of Employees | 5 | 5 | 5 | |||||||
| EBITDA* | 21,137 | 21,789 | 81,403 | 151,150 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,460 | 12,690 | 30,573 | 29,581 | 39,790 | 18,533 | 27,747 | 51,447 | 35,291 | 43,686 |
| Intangible Assets | 2,419 | 4,490 | 6,561 | 8,632 | 10,703 | 12,774 | 14,500 | 1,046 | 3,338 | 6,083 |
| 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 | 10,879 | 17,180 | 37,134 | 38,213 | 50,493 | 31,307 | 42,247 | 52,493 | 38,629 | 49,769 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 63,408 | 199,727 | 313,104 | 182,756 | 176,314 | 418,705 | 468,810 | 393,410 | 321,154 | 143,569 |
| Group Debtors | 0 | 20,554 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,987 |
| Misc Debtors | 0 | 26,915 | 25,243 | 60,690 | 68,972 | 0 | 0 | 336 | 0 | 41,492 |
| Cash | 65,586 | 2,040 | 33,551 | 28,214 | 8,143 | 45,933 | 1,417 | 3,652 | 1,740 | 35,404 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 128,994 | 249,236 | 371,898 | 271,660 | 253,429 | 464,638 | 470,227 | 397,398 | 322,894 | 249,452 |
| total assets | 139,873 | 266,416 | 409,032 | 309,873 | 303,922 | 495,945 | 512,474 | 449,891 | 361,523 | 299,221 |
| Bank overdraft | 0 | 12,602 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,075 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 79,437 | 141,109 | 219,324 | 150,568 | 186,428 | 231,208 | 226,982 | 240,094 | 231,275 | 51,395 |
| Group/Directors Accounts | 0 | 0 | 101,612 | 11,600 | 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 | 37,597 | 53,291 | 114,371 | 91,110 | 0 | 0 | 0 | 0 | 195,914 |
| total current liabilities | 79,437 | 191,308 | 374,227 | 276,539 | 277,538 | 231,208 | 226,982 | 240,094 | 231,275 | 253,384 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,869 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 672 | 3,376 | 5,935 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 672 | 3,376 | 5,935 | 11,869 |
| total liabilities | 79,437 | 191,308 | 374,227 | 276,539 | 277,538 | 231,208 | 227,654 | 243,470 | 237,210 | 265,253 |
| net assets | 60,436 | 75,108 | 34,805 | 33,334 | 26,384 | 264,737 | 284,820 | 206,421 | 124,313 | 33,968 |
| total shareholders funds | 60,436 | 75,108 | 34,805 | 33,334 | 26,384 | 264,737 | 284,820 | 206,421 | 124,313 | 33,968 |
| Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 2,138 | 4,786 | 63,475 | 130,293 | ||||||
| Depreciation | 4,230 | 27,949 | 16,928 | 14,932 | 15,857 | 19,451 | 31,862 | 27,199 | 18,295 | 16,753 |
| Amortisation | 2,071 | 2,071 | 2,071 | 2,071 | 1,726 | 1,046 | 2,292 | 2,745 | 4,104 | |
| Tax | 0 | 0 | 0 | 0 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -183,788 | -91,151 | 94,901 | -1,840 | -173,419 | -50,105 | 75,064 | 72,592 | 107,106 | 214,048 |
| Creditors | -61,672 | -78,215 | 68,756 | -35,860 | -44,780 | 4,226 | -13,112 | 8,819 | 179,880 | 51,395 |
| Accruals and Deferred Income | -37,597 | -15,694 | -61,080 | 23,261 | 91,110 | 0 | 0 | 0 | -195,914 | 195,914 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -66,088 | 11,030 | 301,152 | 184,411 | ||||||
| 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 | -101,612 | 90,012 | 11,600 | 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 | -11,869 | 11,869 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -672 | -2,704 | -2,559 | 5,935 | 0 |
| share issue | ||||||||||
| interest | -667 | -719 | 0 | -2,179 | ||||||
| cash flow from financing | 89,345 | 10,881 | 0 | -84,456 | ||||||
| cash and cash equivalents | ||||||||||
| cash | 63,546 | -31,511 | 5,337 | 20,071 | -37,790 | 44,516 | -2,235 | 1,912 | -33,664 | 35,404 |
| overdraft | -12,602 | 12,602 | 0 | 0 | 0 | 0 | 0 | 0 | -6,075 | 6,075 |
| change in cash | 76,148 | -44,113 | 5,337 | 20,071 | -37,790 | 44,516 | -2,235 | 1,912 | -27,589 | 29,329 |
spectrum radio limited Credit Report and Business Information
Spectrum Radio Limited Competitor Analysis
Perform a competitor analysis for spectrum radio limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in MK5 area or any other competitors across 12 key performance metrics.
spectrum radio limited Ownership
SPECTRUM RADIO LIMITED group structure
Spectrum Radio Limited has no subsidiary companies.
spectrum radio limited directors
Spectrum Radio Limited currently has 2 directors. The longest serving directors include Mr Toby Aldrich (Aug 1995) and Mr Richard Bullock (Apr 1999).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Toby Aldrich | England | 64 years | Aug 1995 | - | Director |
| Mr Richard Bullock | 76 years | Apr 1999 | - | Director |
P&L
October 2018turnover
213.9k
-67%
operating profit
-14.5k
0%
gross margin
35.9%
-21.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2018net assets
60.4k
-0.2%
total assets
139.9k
-0.47%
cash
65.6k
+31.15%
net assets
Total assets minus all liabilities
spectrum radio limited company details
company number
02388187
Type
Private limited with Share Capital
industry
60100 - Radio broadcasting
incorporation date
May 1989
age
35
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
October 2018
previous names
rightcourse limited (January 1990)
accountant
-
auditor
-
address
opus restructuring llp, 1 radian court, milton keynes, buckinghamshire, MK5 8PJ
Bank
-
Legal Advisor
-
spectrum radio 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 7 charges/mortgages relating to spectrum radio limited. Currently there are 0 open charges and 7 have been satisfied in the past.
spectrum radio limited Companies House Filings - See Documents
| date | description | view/download |
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