spark technology services limited
spark technology services limited Company Information
Company Number
02841021
Website
www.hospedia.comRegistered Address
5, cranmere court lustleigh close, exeter, devon, EX2 8PW
Industry
Other human health activities
Telephone
03454146000
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
kinetic solutions limited 100%
spark technology services limited Estimated Valuation
Pomanda estimates the enterprise value of SPARK TECHNOLOGY SERVICES LIMITED at £6.1m based on a Turnover of £9.2m and 0.66x industry multiple (adjusted for size and gross margin).
spark technology services limited Estimated Valuation
Pomanda estimates the enterprise value of SPARK TECHNOLOGY SERVICES LIMITED at £9.8m based on an EBITDA of £1.8m and a 5.31x industry multiple (adjusted for size and gross margin).
spark technology services limited Estimated Valuation
Pomanda estimates the enterprise value of SPARK TECHNOLOGY SERVICES LIMITED at £1.6m based on Net Assets of £4.6m and 0.36x industry multiple (adjusted for liquidity).
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Spark Technology Services Limited Overview
Spark Technology Services Limited is a live company located in exeter, EX2 8PW with a Companies House number of 02841021. It operates in the other human health activities sector, SIC Code 86900. Founded in July 1993, it's largest shareholder is kinetic solutions limited with a 100% stake. Spark Technology Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.2m with declining growth in recent years.
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Spark Technology Services Limited Health Check
Pomanda's financial health check has awarded Spark Technology Services Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £9.2m, make it larger than the average company (£842.4k)
£9.2m - Spark Technology Services Limited
£842.4k - Industry AVG
Growth
3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (4.7%)
-19% - Spark Technology Services Limited
4.7% - Industry AVG
Production
with a gross margin of 35.1%, this company has a comparable cost of product (35.1%)
35.1% - Spark Technology Services Limited
35.1% - Industry AVG
Profitability
an operating margin of 13.1% make it more profitable than the average company (7.5%)
13.1% - Spark Technology Services Limited
7.5% - Industry AVG
Employees
with 95 employees, this is above the industry average (20)
95 - Spark Technology Services Limited
20 - Industry AVG
Pay Structure
on an average salary of £35.9k, the company has a higher pay structure (£24.6k)
£35.9k - Spark Technology Services Limited
£24.6k - Industry AVG
Efficiency
resulting in sales per employee of £96.8k, this is more efficient (£48.1k)
£96.8k - Spark Technology Services Limited
£48.1k - Industry AVG
Debtor Days
it gets paid by customers after 15 days, this is earlier than average (24 days)
15 days - Spark Technology Services Limited
24 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is slower than average (16 days)
18 days - Spark Technology Services Limited
16 days - Industry AVG
Stock Days
it holds stock equivalent to 26 days, this is more than average (9 days)
26 days - Spark Technology Services Limited
9 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (107 weeks)
3 weeks - Spark Technology Services Limited
107 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.6%, this is a higher level of debt than the average (26.4%)
42.6% - Spark Technology Services Limited
26.4% - Industry AVG
SPARK TECHNOLOGY SERVICES LIMITED financials
Spark Technology Services Limited's latest turnover from December 2022 is £9.2 million and the company has net assets of £4.6 million. According to their latest financial statements, Spark Technology Services Limited has 95 employees and maintains cash reserves of £196 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | 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 | 9,200,000 | 6,881,000 | 10,735,000 | 14,439,000 | 17,014,000 | 18,472,000 | 21,434,000 | 21,228,000 | 22,717,000 | 22,609,000 | 23,956,000 | 23,133,000 | 22,207,000 | 24,066,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 1,207,000 | -2,197,000 | 3,983,000 | 1,658,000 | 1,449,000 | 454,000 | -595,000 | -532,000 | 95,000 | 561,000 | 1,951,000 | -161,000 | -4,546,000 | -12,310,000 |
| Interest Payable | 118,000 | 18,000 | 4,000 | 7,000 | 3,000 | 2,000 | 67,000 | 495,000 | 753,000 | 957,000 | 874,000 | 316,000 | 170,000 | 252,000 |
| Interest Receivable | 0 | 9,000 | 0 | 1,000 | 3,000 | 14,000 | 6,000 | 26,000 | 20,000 | 14,000 | 21,000 | 40,000 | 7,228,000 | 0 |
| Pre-Tax Profit | 1,089,000 | -2,206,000 | 3,979,000 | 999,000 | 1,449,000 | 439,000 | -656,000 | -1,001,000 | -638,000 | -382,000 | 1,098,000 | -437,000 | 2,512,000 | -12,562,000 |
| Tax | 0 | -722,000 | -631,000 | 288,000 | 1,066,000 | 0 | -4,000 | -3,000 | 0 | 5,000 | -5,000 | 0 | 0 | 0 |
| Profit After Tax | 1,089,000 | -2,928,000 | 3,348,000 | 1,287,000 | 2,515,000 | 439,000 | -660,000 | -1,004,000 | -638,000 | -377,000 | 1,093,000 | -437,000 | 2,512,000 | -12,562,000 |
| Dividends Paid | 0 | 2,928,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,089,000 | -5,856,000 | 3,348,000 | 1,287,000 | 2,515,000 | 439,000 | -660,000 | -1,004,000 | -638,000 | -377,000 | 1,093,000 | -437,000 | 2,512,000 | -12,562,000 |
| Employee Costs | 3,409,000 | 4,577,000 | 4,467,000 | 4,640,000 | 5,458,000 | 6,626,000 | 8,339,000 | 9,448,000 | 9,271,000 | 10,976,000 | 11,335,000 | 12,114,000 | 14,589,000 | 14,512,000 |
| Number Of Employees | 95 | 134 | 143 | 157 | 181 | 221 | 299 | 326 | 396 | 396 | 461 | 614 | 933 | 961 |
| EBITDA* | 1,846,000 | -1,158,000 | 6,418,000 | 4,393,000 | 4,891,000 | 4,553,000 | 3,882,000 | 3,945,000 | 4,605,000 | 4,910,000 | 5,831,000 | 3,738,000 | 2,336,000 | -2,938,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | 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 | 1,469,000 | 2,206,000 | 4,358,000 | 5,266,000 | 5,934,000 | 7,343,000 | 10,238,000 | 13,494,000 | 16,524,000 | 19,584,000 | 20,889,000 | 16,318,000 | 10,625,000 | 9,513,000 |
| Intangible Assets | 6,000 | 26,000 | 99,000 | 2,062,000 | 2,210,000 | 2,247,000 | 2,403,000 | 2,534,000 | 2,498,000 | 2,283,000 | 1,485,000 | 834,000 | 451,000 | 438,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 723,000 | 1,354,000 | 1,066,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,475,000 | 2,232,000 | 3,734,000 | 7,328,000 | 8,144,000 | 9,590,000 | 12,641,000 | 16,028,000 | 19,022,000 | 21,867,000 | 22,374,000 | 17,152,000 | 11,076,000 | 9,951,000 |
| Stock & work in progress | 430,000 | 251,000 | 271,000 | 17,000 | 14,000 | 28,000 | 39,000 | 48,000 | 68,000 | 74,000 | 94,000 | 112,000 | 150,000 | 170,000 |
| Trade Debtors | 397,000 | 586,000 | 286,000 | 999,000 | 827,000 | 774,000 | 1,570,000 | 789,000 | 1,055,000 | 434,000 | 431,000 | 503,000 | 737,000 | 889,000 |
| Group Debtors | 5,108,000 | 4,679,000 | 6,465,000 | 979,000 | 0 | 0 | 0 | 0 | 0 | 104,000 | 224,000 | 0 | 0 | 0 |
| Misc Debtors | 355,000 | 370,000 | 344,000 | 549,000 | 576,000 | 592,000 | 712,000 | 726,000 | 1,004,000 | 1,198,000 | 1,002,000 | 1,445,000 | 1,109,000 | 919,000 |
| Cash | 196,000 | 340,000 | 2,299,000 | 1,739,000 | 3,077,000 | 1,831,000 | 951,000 | 1,166,000 | 1,791,000 | 1,851,000 | 2,746,000 | 1,778,000 | 1,391,000 | 1,002,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 90,000 |
| total current assets | 6,486,000 | 6,226,000 | 9,665,000 | 4,283,000 | 4,494,000 | 3,225,000 | 3,272,000 | 2,729,000 | 3,918,000 | 3,661,000 | 4,497,000 | 3,838,000 | 3,387,000 | 3,070,000 |
| total assets | 7,961,000 | 8,458,000 | 13,399,000 | 11,611,000 | 12,638,000 | 12,815,000 | 15,913,000 | 18,757,000 | 22,940,000 | 25,528,000 | 26,871,000 | 20,990,000 | 14,463,000 | 13,021,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 805,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,088,000 | 2,783,000 | 1,333,000 | 667,000 | 0 | 0 | 0 |
| Trade Creditors | 311,000 | 350,000 | 634,000 | 573,000 | 710,000 | 720,000 | 1,473,000 | 1,496,000 | 1,501,000 | 1,946,000 | 1,539,000 | 2,007,000 | 2,100,000 | 1,921,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 88,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 80,000 | 38,000 | 0 | 300,000 | 0 | 0 | 73,000 | 748,000 | 2,084,000 | 3,023,000 | 3,054,000 | 2,030,000 | 118,000 | 132,000 |
| other current liabilities | 2,866,000 | 4,533,000 | 3,744,000 | 5,003,000 | 7,706,000 | 10,388,000 | 13,099,000 | 12,497,000 | 10,802,000 | 9,090,000 | 8,699,000 | 8,695,000 | 8,589,000 | 8,810,000 |
| total current liabilities | 3,257,000 | 4,921,000 | 4,466,000 | 5,876,000 | 8,416,000 | 11,108,000 | 14,645,000 | 16,829,000 | 17,170,000 | 15,392,000 | 13,959,000 | 12,732,000 | 10,807,000 | 11,668,000 |
| loans | 266,000 | 110,000 | 466,000 | 766,000 | 0 | 0 | 0 | 0 | 5,676,000 | 12,976,000 | 17,774,000 | 10,652,000 | 574,000 | 762,000 |
| hp & lease commitments | 133,000 | 55,000 | 233,000 | 383,000 | 0 | 0 | 0 | 0 | 750,000 | 2,455,000 | 5,554,000 | 5,326,000 | 287,000 | 381,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 314,000 | 314,000 | 314,000 | 314,000 | 314,000 | 470,000 | 470,000 | 470,000 | 470,000 | 520,000 |
| total long term liabilities | 133,000 | 55,000 | 233,000 | 383,000 | 157,000 | 157,000 | 157,000 | 157,000 | 2,995,000 | 6,723,000 | 9,122,000 | 5,561,000 | 522,000 | 641,000 |
| total liabilities | 3,390,000 | 4,976,000 | 4,699,000 | 6,259,000 | 8,573,000 | 11,265,000 | 14,802,000 | 16,986,000 | 20,165,000 | 22,115,000 | 23,081,000 | 18,293,000 | 11,329,000 | 12,309,000 |
| net assets | 4,571,000 | 3,482,000 | 8,700,000 | 5,352,000 | 4,065,000 | 1,550,000 | 1,111,000 | 1,771,000 | 2,775,000 | 3,413,000 | 3,790,000 | 2,697,000 | 3,134,000 | 712,000 |
| total shareholders funds | 4,571,000 | 3,482,000 | 8,700,000 | 5,352,000 | 4,065,000 | 1,550,000 | 1,111,000 | 1,771,000 | 2,775,000 | 3,413,000 | 3,790,000 | 2,697,000 | 3,134,000 | 712,000 |
| Dec 2022 | Dec 2021 | 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 | 1,207,000 | -2,197,000 | 3,983,000 | 1,658,000 | 1,449,000 | 454,000 | -595,000 | -532,000 | 95,000 | 561,000 | 1,951,000 | -161,000 | -4,546,000 | -12,310,000 |
| Depreciation | 566,000 | 585,000 | 1,736,000 | 2,036,000 | 2,631,000 | 3,277,000 | 3,610,000 | 3,610,000 | 3,867,000 | 4,005,000 | 3,565,000 | 3,577,000 | 6,882,000 | 9,372,000 |
| Amortisation | 73,000 | 454,000 | 699,000 | 699,000 | 811,000 | 822,000 | 867,000 | 867,000 | 643,000 | 344,000 | 315,000 | 322,000 | 0 | 0 |
| Tax | 0 | -722,000 | -631,000 | 288,000 | 1,066,000 | 0 | -4,000 | -3,000 | 0 | 5,000 | -5,000 | 0 | 0 | 0 |
| Stock | 179,000 | 234,000 | 254,000 | 3,000 | -14,000 | -11,000 | -9,000 | -20,000 | -6,000 | -20,000 | -18,000 | -38,000 | -20,000 | 170,000 |
| Debtors | 225,000 | 1,754,000 | 3,937,000 | 1,412,000 | 1,103,000 | -916,000 | 767,000 | -544,000 | 323,000 | 79,000 | -291,000 | 102,000 | 38,000 | 1,808,000 |
| Creditors | -39,000 | -223,000 | 61,000 | -137,000 | -10,000 | -753,000 | -23,000 | -5,000 | -445,000 | 407,000 | -468,000 | -93,000 | 179,000 | 1,921,000 |
| Accruals and Deferred Income | -1,667,000 | -470,000 | -1,259,000 | -2,703,000 | -2,682,000 | -2,711,000 | 602,000 | 1,695,000 | 1,712,000 | 391,000 | 4,000 | 106,000 | -221,000 | 8,810,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -314,000 | 0 | 0 | 0 | 0 | -156,000 | 0 | 0 | 0 | -50,000 | 520,000 |
| Cash flow from operations | -264,000 | -4,561,000 | 398,000 | 112,000 | 2,176,000 | 2,016,000 | 3,699,000 | 6,196,000 | 5,399,000 | 5,654,000 | 5,671,000 | 3,687,000 | 2,226,000 | 6,335,000 |
| 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 | -2,088,000 | -695,000 | 1,450,000 | 666,000 | 667,000 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 88,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 156,000 | -656,000 | -300,000 | 766,000 | 0 | 0 | 0 | -5,676,000 | -7,300,000 | -4,798,000 | 7,122,000 | 10,078,000 | -188,000 | 762,000 |
| Hire Purchase and Lease Commitments | 120,000 | -590,000 | -450,000 | 683,000 | 0 | -73,000 | -675,000 | -2,086,000 | -2,644,000 | -3,130,000 | 1,252,000 | 6,951,000 | -108,000 | 513,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -118,000 | -9,000 | -4,000 | -6,000 | 0 | 12,000 | -61,000 | -469,000 | -733,000 | -943,000 | -853,000 | -276,000 | 7,058,000 | -252,000 |
| cash flow from financing | 158,000 | 2,731,000 | -666,000 | 1,443,000 | 0 | -61,000 | -2,824,000 | -8,926,000 | -9,227,000 | -8,205,000 | 8,188,000 | 16,753,000 | 6,672,000 | 14,297,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -144,000 | -1,399,000 | 560,000 | -1,338,000 | 1,246,000 | 880,000 | -215,000 | -625,000 | -60,000 | -895,000 | 968,000 | 387,000 | 389,000 | 1,002,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -805,000 | 805,000 |
| change in cash | -144,000 | -1,399,000 | 560,000 | -1,338,000 | 1,246,000 | 880,000 | -215,000 | -625,000 | -60,000 | -895,000 | 968,000 | 387,000 | 1,194,000 | 197,000 |
spark technology services limited Credit Report and Business Information
Spark Technology Services Limited Competitor Analysis
Perform a competitor analysis for spark technology services limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other mid companies, companies in EX2 area or any other competitors across 12 key performance metrics.
spark technology services limited Ownership
SPARK TECHNOLOGY SERVICES LIMITED group structure
Spark Technology Services Limited has 2 subsidiary companies.
Ultimate parent company
CONSTELLATION SOFTWARE INC
#0057346
2 parents
SPARK TECHNOLOGY SERVICES LIMITED
02841021
2 subsidiaries
spark technology services limited directors
Spark Technology Services Limited currently has 4 directors. The longest serving directors include Mr Nick Kaizer (Mar 2019) and Mr Matthew O'Donovan (Jul 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nick Kaizer | 47 years | Mar 2019 | - | Director | |
| Mr Matthew O'Donovan | England | 59 years | Jul 2021 | - | Director |
| Mr Robert Turner | Northern Ireland | 35 years | Jul 2021 | - | Director |
| Mr Craig Finch | England | 41 years | May 2024 | - | Director |
P&L
December 2022turnover
9.2m
+34%
operating profit
1.2m
-155%
gross margin
35.1%
+9.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
4.6m
+0.31%
total assets
8m
-0.06%
cash
196k
-0.42%
net assets
Total assets minus all liabilities
spark technology services limited company details
company number
02841021
Type
Private limited with Share Capital
industry
86900 - Other human health activities
incorporation date
July 1993
age
31
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
hospedia limited (August 2023)
patientline uk limited (October 2008)
last accounts submitted
December 2022
address
5, cranmere court lustleigh close, exeter, devon, EX2 8PW
accountant
-
auditor
PETERS ELWORTHY & MOORE
spark technology services 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 11 charges/mortgages relating to spark technology services limited. Currently there are 0 open charges and 11 have been satisfied in the past.
spark technology services limited Companies House Filings - See Documents
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