Sparta Limited

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sparta limited Company Information

Live

MatureSmallHealthy

Company Number

02607524

Website

www.sparta.co.uk

Registered Address

vulcan works accrington road, burnley, lancashire, BB11 5QD

Industry

Manufacture of other fabricated metal products n.e.c.

Telephone

01282410000

Next Accounts Due

January 2025

Group Structure

View All

Directors

Stephen Davenport27 Years

Shareholders

midland investment castings ltd 100%

sparta limited Estimated Valuation

£1.9m - £5m

The estimated valuation range for sparta limited, derived from financial data as of April 2023 and the most recent industry multiples, is between £1.9m to £5m

Get a detailed valuation report, edit figures and unlock valuation multiples.

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Sparta Limited is a live company located in lancashire, BB11 5QD with a Companies House number of 02607524. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in May 1991, it's largest shareholder is midland investment castings ltd with a 100% stake. Sparta Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.8m with healthy growth in recent years.

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Pomanda's financial health check has awarded Sparta Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £4.8m, make it smaller than the average company (£12.7m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (4.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SPARTA LIMITED group structure

Sparta Limited has no subsidiary companies.

Ultimate parent company

MIDLAND INVESTMENT CASTINGS LIMITED

06417608

1 parent

SPARTA LIMITED

02607524

SPARTA LIMITED Shareholders

midland investment castings ltd

100%

Sparta Limited currently has 1 director, Mrs Stephen Davenport serving since Jul 1996.

officer	country	age	start	end	role
Mrs Stephen Davenport	United Kingdom	58 years	Jul 1996	-	Director

EXPORT

Sparta Limited's latest turnover from April 2023 is estimated at £4.8 million and the company has net assets of £2.5 million. According to their latest financial statements, Sparta Limited has 45 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	4,792,603	4,501,076	4,139,169	3,403,837	5,184,203	5,085,065	3,444,735	5,685,528	8,488,179	8,752,870	4,242,431	4,742,765	4,020,241	4,825,094
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,388,797	3,150,362	2,932,640	2,380,496	3,054,153	3,021,329	2,363,986	3,904,983	5,775,068	6,088,066	3,147,568	3,237,506	2,584,441	3,316,094
Gross Profit	1,403,806	1,350,714	1,206,530	1,023,341	2,130,050	2,063,736	1,080,748	1,780,545	2,713,111	2,664,804	1,094,863	1,505,259	1,435,800	1,509,000
Admin Expenses	1,413,958	1,070,085	1,168,044	979,346	1,548,541	1,622,097	988,754	1,731,990	2,168,583	2,498,726	1,007,621	1,506,476	1,394,905	447,690
Operating Profit	-10,152	280,629	38,486	43,995	581,509	441,639	91,994	48,555	544,528	166,078	87,242	-1,217	40,895	1,061,310
Interest Payable	0	1,688	1,525	0	32,274	59,483	12,762	27,284	41,278	25,340	3,895	14,149	25,170	0
Interest Receivable	51,706	6,398	860	606	0	761	391	606	304	136	0	0	0	4
Pre-Tax Profit	41,553	285,340	37,821	44,601	549,235	382,472	79,622	21,876	503,554	140,873	83,347	-15,366	15,725	1,061,314
Tax	-10,388	-54,215	-7,186	-8,474	-50,561	50,199	-15,128	-4,375	-100,711	-29,583	-27,439	-651	2,771	-297,168
Profit After Tax	31,165	231,125	30,635	36,127	498,674	432,671	64,494	17,501	402,843	111,290	55,908	-16,017	18,496	764,146
Dividends Paid	0	0	0	0	130,000	260,000	0	0	0	0	0	0	0	0
Retained Profit	31,165	231,125	30,635	36,127	368,674	172,671	64,494	17,501	402,843	111,290	55,908	-16,017	18,496	764,146
Employee Costs	1,726,436	1,483,946	1,659,146	1,824,956	1,723,509	1,788,574	1,388,154	1,615,649	2,256,144	2,376,599	1,079,090	1,225,147	1,064,400	1,360,016
Number Of Employees	45	41	47	51	50	53	42	50	71	76	35	40	36	47
EBITDA*	419,771	530,967	235,874	201,162	700,676	706,092	338,345	254,635	751,815	365,857	298,151	213,007	242,584	1,312,310

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	1,571,685	1,548,886	876,956	748,962	751,652	563,195	608,605	774,861	713,995	783,630	858,118	1,139,929	1,166,184	1,249,434
Intangible Assets	0	0	0	0	0	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	1,571,685	1,548,886	876,956	748,962	751,652	563,195	608,605	774,861	713,995	783,630	858,118	1,139,929	1,166,184	1,249,434
Stock & work in progress	670,928	706,092	413,405	454,991	467,532	459,637	369,223	375,618	437,175	486,677	553,779	780,569	598,781	567,051
Trade Debtors	1,186,116	1,154,956	1,064,025	601,380	711,156	802,024	822,079	1,839,916	2,290,382	2,290,024	863,390	1,186,090	951,508	921,423
Group Debtors	0	0	302,424	712,424	962,424	1,091,857	1,013,056	0	0	0	0	0	0	0
Misc Debtors	20,401	122,171	100,916	200,108	259,865	139,420	149,959	0	0	0	197,129	150,670	106,657	0
Cash	1,611,261	821,943	884,085	835,194	376,477	154,064	150,522	162,046	80,349	41,062	13,419	3,609	1,050	1,512
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,488,706	2,805,162	2,764,855	2,804,097	2,777,454	2,647,002	2,504,839	2,377,580	2,807,906	2,817,763	1,627,717	2,120,938	1,657,996	1,489,986
total assets	5,060,391	4,354,048	3,641,811	3,553,059	3,529,106	3,210,197	3,113,444	3,152,441	3,521,901	3,601,393	2,485,835	3,260,867	2,824,180	2,739,420
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	93,318	0
Bank loan	0	0	50,000	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	205,469	483,946	333,321	240,812	294,074	361,068	369,478	216,929	1,294,784	1,563,112	1,067,425	1,787,249	1,115,096	1,051,962
Group/Directors Accounts	750,000	0	0	0	0	246,290	127,339	243,102	0	0	0	0	0	0
other short term finances	0	0	0	0	0	165,183	59,265	30,083	0	0	0	0	0	0
hp & lease commitments	123,806	155,618	123,512	122,631	167,983	100,058	252,854	253,399	0	0	0	136,007	181,760	240,318
other current liabilities	878,339	587,402	656,057	781,845	600,968	339,751	536,478	221,689	0	0	268,517	215,749	157,187	0
total current liabilities	1,957,614	1,226,966	1,162,890	1,145,288	1,063,025	1,212,350	1,345,414	965,202	1,294,784	1,563,112	1,335,942	2,139,005	1,547,361	1,292,280
loans	0	0	0	0	0	0	0	319,044	490,393	779,701	0	0	0	0
hp & lease commitments	304,703	437,837	103,409	70,564	188,176	91,670	66,190	0	0	0	0	0	136,007	317,767
Accruals and Deferred Income	6,446	13,439	25,185	36,931	48,677	60,423	52,836	213,281	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	54,686	0	0	0	0	0
provisions	293,795	209,138	114,784	95,368	60,447	45,647	21,568	91,972	136,597	115,982	118,585	146,462	149,395	156,452
total long term liabilities	604,944	660,414	243,378	202,863	297,300	197,740	140,594	624,297	681,676	895,683	118,585	146,462	285,402	474,219
total liabilities	2,562,558	1,887,380	1,406,268	1,348,151	1,360,325	1,410,090	1,486,008	1,589,499	1,976,460	2,458,795	1,454,527	2,285,467	1,832,763	1,766,499
net assets	2,497,833	2,466,668	2,235,543	2,204,908	2,168,781	1,800,107	1,627,436	1,562,942	1,545,441	1,142,598	1,031,308	975,400	991,417	972,921
total shareholders funds	2,497,833	2,466,668	2,235,543	2,204,908	2,168,781	1,800,107	1,627,436	1,562,942	1,545,441	1,142,598	1,031,308	975,400	991,417	972,921

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-10,152	280,629	38,486	43,995	581,509	441,639	91,994	48,555	544,528	166,078	87,242	-1,217	40,895	1,061,310
Depreciation	429,923	250,338	197,388	157,167	119,167	264,453	246,351	206,080	207,287	199,779	210,909	214,224	201,689	251,000
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-10,388	-54,215	-7,186	-8,474	-50,561	50,199	-15,128	-4,375	-100,711	-29,583	-27,439	-651	2,771	-297,168
Stock	-35,164	292,687	-41,586	-12,541	7,895	90,414	-6,395	-61,557	-49,502	-67,102	-226,790	181,788	31,730	567,051
Debtors	-70,610	-190,238	-46,547	-419,533	-99,856	48,207	145,178	-450,466	358	1,229,505	-276,241	278,595	136,742	921,423
Creditors	-278,477	150,625	92,509	-53,262	-66,994	-8,410	152,549	-1,077,855	-268,328	495,687	-719,824	672,153	63,134	1,051,962
Accruals and Deferred Income	283,944	-80,401	-137,534	169,131	249,471	-189,140	154,344	434,970	0	-268,517	52,768	58,562	157,187	0
Deferred Taxes & Provisions	84,657	94,354	19,416	34,921	14,800	24,079	-70,404	-44,625	20,615	-2,603	-27,877	-2,933	-7,057	156,452
Cash flow from operations	605,281	538,881	291,212	775,552	939,353	444,199	420,923	74,773	452,535	-601,562	78,810	479,755	290,147	735,082
Investing Activities
capital expenditure	-452,722	-922,268	-325,382	-154,477	-307,624	-219,043	-80,095	-266,946	-137,652	-125,291	70,902	-187,969	-118,439	-1,500,434
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-452,722	-922,268	-325,382	-154,477	-307,624	-219,043	-80,095	-266,946	-137,652	-125,291	70,902	-187,969	-118,439	-1,500,434
Financing Activities
Bank loans	0	-50,000	50,000	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	750,000	0	0	0	-246,290	118,951	-115,763	243,102	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	-165,183	105,918	29,182	30,083	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	-319,044	-171,349	-289,308	779,701	0	0	0	0
Hire Purchase and Lease Commitments	-164,946	366,534	33,726	-162,964	164,431	-127,316	65,645	253,399	0	0	-136,007	-181,760	-240,318	558,085
other long term liabilities	0	0	0	0	0	0	0	-54,686	54,686	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	208,775
interest	51,706	4,710	-665	606	-32,274	-58,722	-12,371	-26,678	-40,974	-25,204	-3,895	-14,149	-25,170	4
cash flow from financing	636,760	321,244	83,061	-162,358	-279,316	38,831	-352,351	273,871	-275,596	754,497	-139,902	-195,909	-265,488	766,864
cash and cash equivalents
cash	789,318	-62,142	48,891	458,717	222,413	3,542	-11,524	81,697	39,287	27,643	9,810	2,559	-462	1,512
overdraft	0	0	0	0	0	0	0	0	0	0	0	-93,318	93,318	0
change in cash	789,318	-62,142	48,891	458,717	222,413	3,542	-11,524	81,697	39,287	27,643	9,810	95,877	-93,780	1,512

P&L

April 2023

turnover

4.8m

+6%

operating profit

-10.2k

gross margin

29.3%

-2.39%

turnover

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

Balance Sheet

April 2023

net assets

2.5m

+0.01%

total assets

5.1m

+0.16%

cash

1.6m

+0.96%

net assets

Total assets minus all liabilities

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2.5

company number

02607524

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

May 1991

age

accounts

Total Exemption Full

ultimate parent company

MIDLAND INVESTMENT CASTINGS LIMITED

previous names

sparta metals limited (June 1991)

incorporated

address

vulcan works accrington road, burnley, lancashire, BB11 5QD

last accounts submitted

April 2023

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 sparta limited. Currently there are 2 open charges and 2 have been satisfied in the past.

sparta limited Company Information

sparta limited Estimated Valuation

sparta limited Estimated Valuation

sparta limited Estimated Valuation

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SPARTA LIMITED financials

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sparta limited Companies House Filings - See Documents