spatex limited

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spatex limited Company Information

Share SPATEX LIMITED

Company Number

03167910

Shareholders

british swimming pool federation ltd

Group Structure

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Industry

Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

 

Registered Address

4 eastgate house, east street, andover, hampshire, SP10 1EP

spatex limited Estimated Valuation

£256.6k

Pomanda estimates the enterprise value of SPATEX LIMITED at £256.6k based on a Turnover of £404.9k and 0.63x industry multiple (adjusted for size and gross margin).

spatex limited Estimated Valuation

£316.7k

Pomanda estimates the enterprise value of SPATEX LIMITED at £316.7k based on an EBITDA of £74.9k and a 4.23x industry multiple (adjusted for size and gross margin).

spatex limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of SPATEX LIMITED at £1.1m based on Net Assets of £470.6k and 2.35x industry multiple (adjusted for liquidity).

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Spatex Limited Overview

Spatex Limited is a live company located in andover, SP10 1EP with a Companies House number of 03167910. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in March 1996, it's largest shareholder is british swimming pool federation ltd with a 100% stake. Spatex Limited is a mature, micro sized company, Pomanda has estimated its turnover at £404.9k with high growth in recent years.

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Spatex Limited Health Check

Pomanda's financial health check has awarded Spatex Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £404.9k, make it smaller than the average company (£1.7m)

£404.9k - Spatex Limited

£1.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (8.6%)

15% - Spatex Limited

8.6% - Industry AVG

production

Production

with a gross margin of 45.9%, this company has a comparable cost of product (45.9%)

45.9% - Spatex Limited

45.9% - Industry AVG

profitability

Profitability

an operating margin of 18.5% make it more profitable than the average company (5.4%)

18.5% - Spatex Limited

5.4% - Industry AVG

employees

Employees

with 6 employees, this is below the industry average (16)

6 - Spatex Limited

16 - Industry AVG

paystructure

Pay Structure

on an average salary of £48.3k, the company has an equivalent pay structure (£48.3k)

£48.3k - Spatex Limited

£48.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £67.5k, this is less efficient (£111.8k)

£67.5k - Spatex Limited

£111.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 0 days, this is earlier than average (54 days)

0 days - Spatex Limited

54 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 257 days, this is slower than average (32 days)

257 days - Spatex Limited

32 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Spatex Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 129 weeks, this is more cash available to meet short term requirements (29 weeks)

129 weeks - Spatex Limited

29 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 36%, this is a lower level of debt than the average (51.3%)

36% - Spatex Limited

51.3% - Industry AVG

SPATEX LIMITED financials

EXPORTms excel logo

Spatex Limited's latest turnover from March 2024 is estimated at £404.9 thousand and the company has net assets of £470.6 thousand. According to their latest financial statements, Spatex Limited has 6 employees and maintains cash reserves of £657.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover404,900557,639333,325263,687316,807506,194471,202427,765402,970346,457334,531239,824357,389333,749305,078
Other Income Or Grants
Cost Of Sales219,269311,388188,547146,582171,958262,816241,833202,765192,085167,775163,578113,680172,640158,356147,238
Gross Profit185,631246,251144,778117,105144,849243,378229,369225,000210,885178,682170,953126,144184,749175,393157,840
Admin Expenses110,741119,147-21,400229,84479,802204,654190,890206,100189,904176,981135,603180,948189,143187,736198,601
Operating Profit74,890127,104166,178-112,73965,04738,72438,47918,90020,9811,70135,350-54,804-4,394-12,343-40,761
Interest Payable2,0164,1853,2341,525
Interest Receivable30,93419,2712,518289285195985245114354759181,3521,5821,766
Pre-Tax Profit103,808142,190165,462-113,97565,33238,91938,57719,42421,4922,13635,825-53,886-3,042-10,761-38,995
Tax-25,952-27,016-31,438-12,413-37-19-105-102-87-95-184-270-332-371
Profit After Tax77,856115,174134,024-113,97552,91938,88238,55819,31921,3902,04935,730-54,070-3,312-11,093-39,366
Dividends Paid
Retained Profit77,856115,174134,024-113,97552,91938,88238,55819,31921,3902,04935,730-54,070-3,312-11,093-39,366
Employee Costs289,800284,261179,488169,778168,681171,577208,303205,224165,870164,501161,552114,914151,042146,631150,245
Number Of Employees664444554443444
EBITDA*74,890127,104166,178-112,73965,04738,72438,47918,90020,9811,70135,350-54,804-4,394-12,343-40,761

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors484,3062,3394734591,12441838211,4073,888
Group Debtors9,78211,8294,809
Misc Debtors77,78936,54528,59830,97036,45640,08538,08733,73246,68737,59426,42427,5712,08024,72420,527
Cash657,264521,170385,715285,855293,033277,670211,892111,766118,46899,17397,58618,322100,32495,99796,295
misc current assets
total current assets735,101557,715414,313316,825329,489322,061252,318145,971165,614137,891134,21058,104113,811120,721125,519
total assets735,101557,715414,313316,825329,489322,061252,318145,971165,614137,891134,21058,104113,811120,721125,519
Bank overdraft10,00010,0004,167
Bank loan
Trade Creditors 154,72063,47129,9215,76421,86481,32565,7092,81749,43450,29446,5952,8507,71713,007211
Group/Directors Accounts1005,339332694,406
other short term finances
hp & lease commitments
other current liabilities109,80465,69061,012117,53850,12736,15720,91216,0158,2601,1673,2341,2643,3401,4123,776
total current liabilities264,524139,161100,933127,46971,991117,48286,62118,83257,79451,46149,8299,45311,09014,6888,393
loans25,83335,83345,833
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities25,83335,83345,833
total liabilities264,524164,994136,766173,30271,991117,48286,62118,83257,79451,46149,8299,45311,09014,6888,393
net assets470,577392,721277,547143,523257,498204,579165,697127,139107,82086,43084,38148,651102,721106,033117,126
total shareholders funds470,577392,721277,547143,523257,498204,579165,697127,139107,82086,43084,38148,651102,721106,033117,126
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit74,890127,104166,178-112,73965,04738,72438,47918,90020,9811,70135,350-54,804-4,394-12,343-40,761
Depreciation
Amortisation
Tax-25,952-27,016-31,438-12,413-37-19-105-102-87-95-184-270-332-371
Stock
Debtors41,2927,947-2,372-5,486-7,9353,9656,221-12,9418,4282,094-3,15826,295-11,237-4,50029,224
Creditors91,24933,55024,157-16,100-59,46115,61662,892-46,617-8603,69943,745-4,867-5,29012,796211
Accruals and Deferred Income44,1144,678-56,52667,41113,97015,2454,8977,7557,093-2,0671,970-2,0761,928-2,3643,776
Deferred Taxes & Provisions
Cash flow from operations143,009130,369104,743-55,94215,07865,583100,028-7,12618,6841,15284,128-88,2263,2112,257-66,369
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts-100100-5,3395,306-236-4,1374,406
Other Short Term Loans
Long term loans-25,833-10,000-10,00045,833
Hire Purchase and Lease Commitments
other long term liabilities
share issue156,492
interest28,91815,086-716-1,236285195985245114354759181,3521,5821,766
cash flow from financing3,0855,086-10,71644,59728519598424611435-4,8646,2241,116-2,555162,664
cash and cash equivalents
cash136,094135,45599,860-7,17815,36365,778100,126-6,70219,2951,58779,264-82,0024,327-29896,295
overdraft-10,0005,8334,167
change in cash146,094135,45594,027-11,34515,36365,778100,126-6,70219,2951,58779,264-82,0024,327-29896,295

spatex limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Spatex Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for spatex limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in SP10 area or any other competitors across 12 key performance metrics.

spatex limited Ownership

SPATEX LIMITED group structure

Spatex Limited has no subsidiary companies.

Ultimate parent company

1 parent

SPATEX LIMITED

03167910

SPATEX LIMITED Shareholders

british swimming pool federation ltd 100%

spatex limited directors

Spatex Limited currently has 5 directors. The longest serving directors include Mr Howard Gosling (Mar 1996) and Mr Christopher Hayes (Jul 2008).

officercountryagestartendrole
Mr Howard Gosling79 years Mar 1996- Director
Mr Christopher Hayes58 years Jul 2008- Director
Mr Benjamin Studdy70 years Sep 2010- Director
Mr William DandoEngland63 years May 2022- Director
Mr Alexander KemsleyUnited Kingdom41 years May 2022- Director

P&L

March 2024

turnover

404.9k

-27%

operating profit

74.9k

0%

gross margin

45.9%

+3.82%

turnover

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

Balance Sheet

March 2024

net assets

470.6k

+0.2%

total assets

735.1k

+0.32%

cash

657.3k

+0.26%

net assets

Total assets minus all liabilities

spatex limited company details

company number

03167910

Type

Private limited with Share Capital

industry

74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

incorporation date

March 1996

age

29

incorporated

UK

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

MARTIN AND COMPANY

auditor

-

address

4 eastgate house, east street, andover, hampshire, SP10 1EP

Bank

-

Legal Advisor

-

spatex 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 did not find charges/mortgages relating to spatex limited.

spatex 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.

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spatex limited Companies House Filings - See Documents

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