spray shipping limited

Live MatureSmallHealthy

spray shipping limited Company Information

Share SPRAY SHIPPING LIMITED

Company Number

03266618

Directors

Ross Lunney

Shareholders

mr ross lunney

Group Structure

View All

Industry

Sea and coastal freight water transport

 

Registered Address

john phillips & co ltd, 81 centaur court claydon, business park great blakenham, ipswich suffolk, IP6 0NL

Website

-

spray shipping limited Estimated Valuation

£615.6k

Pomanda estimates the enterprise value of SPRAY SHIPPING LIMITED at £615.6k based on a Turnover of £1.1m and 0.54x industry multiple (adjusted for size and gross margin).

spray shipping limited Estimated Valuation

£24.6k

Pomanda estimates the enterprise value of SPRAY SHIPPING LIMITED at £24.6k based on an EBITDA of £13.8k and a 1.79x industry multiple (adjusted for size and gross margin).

spray shipping limited Estimated Valuation

£385.3k

Pomanda estimates the enterprise value of SPRAY SHIPPING LIMITED at £385.3k based on Net Assets of £291.3k and 1.32x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Spray Shipping Limited Overview

Spray Shipping Limited is a live company located in business park great blakenham, IP6 0NL with a Companies House number of 03266618. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in October 1996, it's largest shareholder is mr ross lunney with a 100% stake. Spray Shipping Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with healthy growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Spray Shipping Limited Health Check

Pomanda's financial health check has awarded Spray Shipping Limited a 2 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 Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £1.1m, make it smaller than the average company (£8.8m)

£1.1m - Spray Shipping Limited

£8.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (9.3%)

11% - Spray Shipping Limited

9.3% - Industry AVG

production

Production

with a gross margin of 13.8%, this company has a higher cost of product (37%)

13.8% - Spray Shipping Limited

37% - Industry AVG

profitability

Profitability

an operating margin of 1.2% make it less profitable than the average company (9.9%)

1.2% - Spray Shipping Limited

9.9% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (14)

3 - Spray Shipping Limited

14 - Industry AVG

paystructure

Pay Structure

on an average salary of £64.4k, the company has an equivalent pay structure (£64.4k)

£64.4k - Spray Shipping Limited

£64.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £377.3k, this is less efficient (£542.4k)

£377.3k - Spray Shipping Limited

£542.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 128 days, this is later than average (33 days)

128 days - Spray Shipping Limited

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 40 days, this is slower than average (27 days)

40 days - Spray Shipping Limited

27 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Spray Shipping Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Spray Shipping Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 27.2%, this is a lower level of debt than the average (59%)

27.2% - Spray Shipping Limited

59% - Industry AVG

SPRAY SHIPPING LIMITED financials

EXPORTms excel logo

Spray Shipping Limited's latest turnover from October 2023 is estimated at £1.1 million and the company has net assets of £291.3 thousand. According to their latest financial statements, Spray Shipping Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Turnover1,131,7511,031,3631,130,101836,394657,809719,470369,606583,229527,7841,326,9761,631,9411,510,0211,390,742982,931
Other Income Or Grants
Cost Of Sales975,795897,3761,052,238750,257603,911668,062345,407549,805482,7521,237,1171,531,1261,402,8111,265,032891,490
Gross Profit155,956133,98777,86386,13653,89851,40824,19933,42445,03289,859100,815107,210125,71091,441
Admin Expenses142,164105,91714,70453,834-4,839-25,186-45,66216,85344,40490,111100,665132,506111,15089,376-19,370
Operating Profit13,79228,07063,15932,30258,73776,59469,86116,571628-252150-25,29614,5602,06519,370
Interest Payable26262
Interest Receivable10559242222221
Pre-Tax Profit13,79228,07063,15932,30258,73776,67369,89416,593630-250152-25,29414,5622,06719,371
Tax-3,448-5,333-12,000-6,137-11,160-14,568-13,280-3,318-126-35-3,786-579-5,424
Profit After Tax10,34422,73751,15926,16547,57762,10556,61413,274504-250117-25,29410,7761,48813,947
Dividends Paid
Retained Profit10,34422,73751,15926,16547,57762,10556,61413,274504-250117-25,29410,7761,48813,947
Employee Costs193,268178,250169,702109,545112,003106,48651,29951,50548,18292,86189,29643,23642,95742,875
Number Of Employees33322211122111
EBITDA*13,79228,07063,15932,30258,73776,59469,86116,571628-252150-14,14426,06513,56931,373

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Tangible Assets11,15222,65733,107
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets11,15222,65733,107
Stock & work in progress
Trade Debtors399,842384,792392,827305,903230,520217,684107,569126,29282,912223,015262,862251,283242,772173,730177,588
Group Debtors
Misc Debtors18,18120,641
Cash27,98318,824369369369369369369369
misc current assets6,625
total current assets399,842384,792392,827305,903230,520217,684160,358165,75783,281223,384263,231251,652243,141174,099177,957
total assets399,842384,792392,827305,903230,520217,684160,358165,75783,281223,384263,231251,652254,293196,756211,064
Bank overdraft75966
Bank loan
Trade Creditors 108,579103,873134,64598,88049,66284,40354,58660,19280,993221,600261,197249,735227,082180,321196,117
Group/Directors Accounts647
other short term finances
hp & lease commitments
other current liabilities32,83789,290
total current liabilities108,579103,873134,64598,88049,66284,40388,182150,19580,993221,600261,197249,735227,082180,321196,117
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities108,579103,873134,64598,88049,66284,40388,182150,19580,993221,600261,197249,735227,082180,321196,117
net assets291,263280,919258,182207,023180,858133,28172,17615,5622,2881,7842,0341,91727,21116,43514,947
total shareholders funds291,263280,919258,182207,023180,858133,28172,17615,5622,2881,7842,0341,91727,21116,43514,947
Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Operating Activities
Operating Profit13,79228,07063,15932,30258,73776,59469,86116,571628-252150-25,29614,5602,06519,370
Depreciation11,15211,50511,50412,003
Amortisation
Tax-3,448-5,333-12,000-6,137-11,160-14,568-13,280-3,318-126-35-3,786-579-5,424
Stock
Debtors15,050-8,03586,92475,38312,83691,934-21,18364,021-140,103-39,84711,5798,51169,042-3,858177,588
Creditors4,706-30,77235,76549,218-34,74129,817-5,606-20,801-140,607-39,59711,46222,65346,761-15,796196,117
Accruals and Deferred Income-32,837-56,45389,290
Deferred Taxes & Provisions
Cash flow from operations-32,92815,70517,721-2-2-2-2-21,05244,478
Investing Activities
capital expenditure-1,054-45,110
Change in Investments
cash flow from investments-1,054-45,110
Financing Activities
Bank loans
Group/Directors Accounts-647647
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-1,0001,000
interest7933222222221
cash flow from financing-921-6146692222221,001
cash and cash equivalents
cash-27,9839,15918,455369
overdraft-75969366
change in cash-27,2248,46618,389369

spray shipping limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for spray shipping limited. Get real-time insights into spray shipping limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Spray Shipping Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for spray shipping limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in IP6 area or any other competitors across 12 key performance metrics.

spray shipping limited Ownership

SPRAY SHIPPING LIMITED group structure

Spray Shipping Limited has no subsidiary companies.

Ultimate parent company

SPRAY SHIPPING LIMITED

03266618

SPRAY SHIPPING LIMITED Shareholders

mr ross lunney 100%

spray shipping limited directors

Spray Shipping Limited currently has 1 director, Mr Ross Lunney serving since Nov 1996.

officercountryagestartendrole
Mr Ross LunneyUnited Kingdom62 years Nov 1996- Director

P&L

October 2023

turnover

1.1m

+10%

operating profit

13.8k

0%

gross margin

13.8%

+6.07%

turnover

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

Balance Sheet

October 2023

net assets

291.3k

+0.04%

total assets

399.8k

+0.04%

cash

0

0%

net assets

Total assets minus all liabilities

spray shipping limited company details

company number

03266618

Type

Private limited with Share Capital

industry

50200 - Sea and coastal freight water transport

incorporation date

October 1996

age

29

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

October 2023

previous names

kingsmead limited (October 1996)

accountant

JOHN PHILLIPS & CO LTD

auditor

-

address

john phillips & co ltd, 81 centaur court claydon, business park great blakenham, ipswich suffolk, IP6 0NL

Bank

-

Legal Advisor

-

spray shipping 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 spray shipping limited.

spray shipping 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 SPRAY SHIPPING LIMITED. This can take several minutes, an email will notify you when this has completed.

spray shipping limited Companies House Filings - See Documents

datedescriptionview/download