spike island artspace limited
spike island artspace limited Company Information
Company Number
02624621
Next Accounts
Dec 2025
Shareholders
-
Group Structure
View All
Industry
Operation of arts facilities
Registered Address
133 cumberland road, bristol, BS1 6UX
Website
http://spikeisland.org.ukspike island artspace limited Estimated Valuation
Pomanda estimates the enterprise value of SPIKE ISLAND ARTSPACE LIMITED at £1.1m based on a Turnover of £1.8m and 0.61x industry multiple (adjusted for size and gross margin).
spike island artspace limited Estimated Valuation
Pomanda estimates the enterprise value of SPIKE ISLAND ARTSPACE LIMITED at £799.4k based on an EBITDA of £106k and a 7.54x industry multiple (adjusted for size and gross margin).
spike island artspace limited Estimated Valuation
Pomanda estimates the enterprise value of SPIKE ISLAND ARTSPACE LIMITED at £4.5m based on Net Assets of £4m and 1.14x industry multiple (adjusted for liquidity).
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Spike Island Artspace Limited Overview
Spike Island Artspace Limited is a live company located in bristol, BS1 6UX with a Companies House number of 02624621. It operates in the operation of arts facilities sector, SIC Code 90040. Founded in June 1991, it's largest shareholder is unknown. Spike Island Artspace Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.8m with healthy growth in recent years.
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Spike Island Artspace Limited Health Check
Pomanda's financial health check has awarded Spike Island Artspace Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
3 Weak
Size
annual sales of £1.8m, make it larger than the average company (£541.6k)
£1.8m - Spike Island Artspace Limited
£541.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (7.1%)
13% - Spike Island Artspace Limited
7.1% - Industry AVG
Production
with a gross margin of 56.9%, this company has a comparable cost of product (56.9%)
56.9% - Spike Island Artspace Limited
56.9% - Industry AVG
Profitability
an operating margin of -0.3% make it less profitable than the average company (1.8%)
-0.3% - Spike Island Artspace Limited
1.8% - Industry AVG
Employees
with 56 employees, this is above the industry average (13)
56 - Spike Island Artspace Limited
13 - Industry AVG
Pay Structure
on an average salary of £12.5k, the company has a lower pay structure (£20.9k)
£12.5k - Spike Island Artspace Limited
£20.9k - Industry AVG
Efficiency
resulting in sales per employee of £32.3k, this is less efficient (£52.7k)
£32.3k - Spike Island Artspace Limited
£52.7k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (8 days)
5 days - Spike Island Artspace Limited
8 days - Industry AVG
Creditor Days
its suppliers are paid after 57 days, this is slower than average (38 days)
57 days - Spike Island Artspace Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (11 days)
0 days - Spike Island Artspace Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 57 weeks, this is less cash available to meet short term requirements (95 weeks)
57 weeks - Spike Island Artspace Limited
95 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 7.8%, this is a lower level of debt than the average (21.1%)
7.8% - Spike Island Artspace Limited
21.1% - Industry AVG
SPIKE ISLAND ARTSPACE LIMITED financials
Spike Island Artspace Limited's latest turnover from March 2024 is £1.8 million and the company has net assets of £4 million. According to their latest financial statements, Spike Island Artspace Limited has 56 employees and maintains cash reserves of £353.5 thousand 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 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,811,352 | 1,947,630 | 1,450,357 | 1,249,448 | 1,183,229 | 1,120,521 | 998,683 | 1,568,679 | 1,215,754 | 988,208 | 1,004,148 | 969,011 | 921,651 | 733,790 | 1,064,360 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 14,288 | 74,346 | 67,881 | -200 | -189,332 | -108,626 | -38,860 | 454,588 | 178,193 | -108,439 | -61,404 | -47,454 | -12,613 | -10,523 | 281,729 |
| Tax | |||||||||||||||
| Profit After Tax | 14,288 | 74,346 | 67,881 | -200 | -189,332 | -108,626 | -38,860 | 454,588 | 178,193 | -108,439 | -61,404 | -47,454 | -12,613 | -10,523 | 281,729 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 14,288 | 74,346 | 67,881 | -200 | -189,332 | -108,626 | -38,860 | 454,588 | 178,193 | -108,439 | -61,404 | -47,454 | -12,613 | -10,523 | 281,729 |
| Employee Costs | 699,055 | 645,555 | 518,985 | 577,619 | 536,294 | 493,998 | 504,335 | 470,418 | 474,340 | 469,967 | 476,737 | 449,447 | 394,618 | 357,333 | 315,628 |
| Number Of Employees | 56 | 39 | 19 | 20 | 22 | 23 | 22 | 22 | 22 | 25 | 23 | 22 | 21 | 19 | 18 |
| EBITDA* |
* 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 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,284,951 | 3,350,557 | 3,408,201 | 3,497,983 | 3,610,367 | 3,740,830 | 3,838,522 | 3,991,625 | 3,567,074 | 3,433,045 | 3,495,219 | 3,522,308 | 3,551,299 | 3,576,012 | 3,611,839 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 3,284,951 | 3,350,557 | 3,408,201 | 3,497,983 | 3,610,367 | 3,740,830 | 3,838,522 | 3,991,625 | 3,567,074 | 3,433,045 | 3,495,219 | 3,522,308 | 3,551,299 | 3,576,012 | 3,611,839 |
| Stock & work in progress | 1,680 | 1,634 | 1,634 | 1,585 | 1,585 | 1,585 | 1,590 | 1,689 | 95 | 1,594 | 3,036 | 2,097 | 1,216 | 2,539 | 1,874 |
| Trade Debtors | 28,155 | 34,062 | 70,664 | 29,999 | 46,096 | 71,401 | 2,218 | ||||||||
| Group Debtors | |||||||||||||||
| Misc Debtors | 272,714 | 268,023 | 101,080 | 69,883 | 126,202 | 106,101 | 152,482 | 95,932 | 42,365 | 49,150 | 102,661 | 98,345 | 62,597 | 43,987 | 10,352 |
| Cash | 353,503 | 554,617 | 630,589 | 659,726 | 300,019 | 244,086 | 302,083 | 217,699 | 215,101 | 160,213 | 165,186 | 180,108 | 248,542 | 239,201 | 474,934 |
| misc current assets | 350,000 | ||||||||||||||
| total current assets | 1,006,052 | 858,336 | 803,967 | 761,193 | 473,902 | 423,173 | 456,155 | 315,320 | 257,561 | 210,957 | 270,883 | 280,550 | 312,355 | 285,727 | 489,378 |
| total assets | 4,291,003 | 4,208,893 | 4,212,168 | 4,259,176 | 4,084,269 | 4,164,003 | 4,294,677 | 4,306,945 | 3,824,635 | 3,644,002 | 3,766,102 | 3,802,858 | 3,863,654 | 3,861,739 | 4,101,217 |
| Bank overdraft | |||||||||||||||
| Bank loan | 24,662 | ||||||||||||||
| Trade Creditors | 121,963 | 92,743 | 53,045 | ||||||||||||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 197,875 | 159,377 | 131,864 | 304,529 | 124,291 | 111,111 | 134,020 | 114,140 | 88,563 | 91,388 | 106,358 | 80,052 | 97,375 | 76,315 | 165,425 |
| total current liabilities | 319,838 | 252,120 | 184,909 | 304,529 | 124,291 | 111,111 | 134,020 | 114,140 | 88,563 | 91,388 | 106,358 | 80,052 | 97,375 | 76,315 | 190,087 |
| loans | 100,000 | 100,000 | 100,000 | 134,718 | |||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 14,908 | 14,804 | 59,636 | 54,905 | 60,036 | 63,618 | 62,757 | 56,045 | 53,900 | 48,635 | 47,326 | 48,984 | 45,003 | 51,535 | 32,000 |
| provisions | |||||||||||||||
| total long term liabilities | 14,908 | 14,804 | 159,636 | 154,905 | 160,036 | 63,618 | 62,757 | 56,045 | 53,900 | 48,635 | 47,326 | 48,984 | 45,003 | 51,535 | 166,718 |
| total liabilities | 334,746 | 266,924 | 344,545 | 459,434 | 284,327 | 174,729 | 196,777 | 170,185 | 142,463 | 140,023 | 153,684 | 129,036 | 142,378 | 127,850 | 356,805 |
| net assets | 3,956,257 | 3,941,969 | 3,867,623 | 3,799,742 | 3,799,942 | 3,989,274 | 4,097,900 | 4,136,760 | 3,682,172 | 3,503,979 | 3,612,418 | 3,673,822 | 3,721,276 | 3,733,889 | 3,744,412 |
| total shareholders funds | 3,956,257 | 3,941,969 | 3,867,623 | 3,799,742 | 3,799,942 | 3,989,274 | 4,097,900 | 4,136,760 | 3,682,172 | 3,503,979 | 3,612,418 | 3,673,822 | 3,721,276 | 3,733,889 | 3,744,412 |
| 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 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 110,768 | 116,702 | 153,965 | 191,824 | 187,918 | 183,083 | 175,190 | 128,429 | 87,274 | 89,005 | 88,413 | 42,728 | 62,740 | 53,186 | 49,133 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | 46 | 49 | -5 | -99 | 1,594 | -1,499 | -1,442 | 939 | 881 | -1,323 | 665 | 1,874 | |||
| Debtors | -1,216 | 130,341 | 71,862 | -72,416 | -5,204 | 25,020 | 56,550 | 53,567 | -6,785 | -53,511 | 4,316 | 35,748 | 18,610 | 31,417 | 12,570 |
| Creditors | 29,220 | 39,698 | 53,045 | ||||||||||||
| Accruals and Deferred Income | 38,498 | 27,513 | -172,665 | 180,238 | 13,180 | -22,909 | 19,880 | 25,577 | -2,825 | -14,970 | 26,306 | -17,323 | 21,060 | -89,110 | 165,425 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -21,885 | -551,747 | -221,303 | ||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | -21,885 | -551,747 | -221,303 | ||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -24,662 | 24,662 | |||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -100,000 | 100,000 | -134,718 | 134,718 | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | 104 | -44,832 | 4,731 | -5,131 | -3,582 | 861 | 6,712 | 2,145 | 5,265 | 1,309 | -1,658 | 3,981 | -6,532 | 19,535 | 32,000 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | 104 | -144,832 | 4,731 | -5,131 | 96,418 | 861 | 6,712 | 2,145 | 5,265 | 1,309 | -1,658 | 3,981 | -6,532 | -139,845 | 3,654,063 |
| cash and cash equivalents | |||||||||||||||
| cash | -201,114 | -75,972 | -29,137 | 359,707 | 55,933 | -57,997 | 84,384 | 2,598 | 54,888 | -4,973 | -14,922 | -68,434 | 9,341 | -235,733 | 474,934 |
| overdraft | |||||||||||||||
| change in cash | -201,114 | -75,972 | -29,137 | 359,707 | 55,933 | -57,997 | 84,384 | 2,598 | 54,888 | -4,973 | -14,922 | -68,434 | 9,341 | -235,733 | 474,934 |
spike island artspace limited Credit Report and Business Information
Spike Island Artspace Limited Competitor Analysis
Perform a competitor analysis for spike island artspace limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other small companies, companies in BS1 area or any other competitors across 12 key performance metrics.
spike island artspace limited Ownership
SPIKE ISLAND ARTSPACE LIMITED group structure
Spike Island Artspace Limited has no subsidiary companies.
Ultimate parent company
SPIKE ISLAND ARTSPACE LIMITED
02624621
spike island artspace limited directors
Spike Island Artspace Limited currently has 13 directors. The longest serving directors include Ms Paula Newport (Nov 2018) and Mrs Louise O'Donnell (Sep 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Paula Newport | 58 years | Nov 2018 | - | Director | |
| Mrs Louise O'Donnell | 58 years | Sep 2019 | - | Director | |
| Ms Catherine Frankpitt | 52 years | Nov 2020 | - | Director | |
| Ms Catherine Frankpitt | 52 years | Nov 2020 | - | Director | |
| Professor Judith Squires | United Kingdom | 61 years | Jun 2022 | - | Director |
| Ms Lucy Bailey | 37 years | Sep 2022 | - | Director | |
| Professor William Gething | 72 years | Sep 2022 | - | Director | |
| Ms Rosa Corbishley | 48 years | Mar 2023 | - | Director | |
| Ms Jane Sillis | 65 years | Jun 2023 | - | Director | |
| Lenacha Lema | 22 years | Jun 2023 | - | Director |
P&L
March 2024turnover
1.8m
-7%
operating profit
-4.8k
0%
gross margin
57%
-9.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
4m
0%
total assets
4.3m
+0.02%
cash
353.5k
-0.36%
net assets
Total assets minus all liabilities
spike island artspace limited company details
company number
02624621
Type
Private Ltd By Guarantee w/o Share Cap
industry
90040 - Operation of arts facilities
incorporation date
June 1991
age
34
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2024
previous names
artspace bristol limited (December 1998)
accountant
-
auditor
GODFREY WILSON LIMITED
address
133 cumberland road, bristol, BS1 6UX
Bank
HSBC BANK PLC
Legal Advisor
ASHFORDS LLP
spike island artspace 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 2 charges/mortgages relating to spike island artspace limited. Currently there are 1 open charges and 1 have been satisfied in the past.
spike island artspace limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for SPIKE ISLAND ARTSPACE LIMITED. This can take several minutes, an email will notify you when this has completed.
spike island artspace limited Companies House Filings - See Documents
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