Spray Shipping Limited

POWER SEARCH PRICING

SOLUTIONS

spray shipping limited Company Information

Company Number

03266618

Next Accounts

Jul 2025

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).

Edit your figures and get a professional valuation report.

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

Upgrade for unlimited company reports & a free credit 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 Rating2out of 5

2 Strong

2 Regular

6 Weak

Size

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

Growth

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

EXPORT

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 House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	1,131,751	1,031,363	1,130,101	836,394	657,809	719,470	369,606	583,229	527,784	1,326,976	1,631,941	1,510,021	1,390,742	982,931
Other Income Or Grants
Cost Of Sales	975,795	897,376	1,052,238	750,257	603,911	668,062	345,407	549,805	482,752	1,237,117	1,531,126	1,402,811	1,265,032	891,490
Gross Profit	155,956	133,987	77,863	86,136	53,898	51,408	24,199	33,424	45,032	89,859	100,815	107,210	125,710	91,441
Admin Expenses	142,164	105,917	14,704	53,834	-4,839	-25,186	-45,662	16,853	44,404	90,111	100,665	132,506	111,150	89,376	-19,370
Operating Profit	13,792	28,070	63,159	32,302	58,737	76,594	69,861	16,571	628	-252	150	-25,296	14,560	2,065	19,370
Interest Payable						26	26	2
Interest Receivable						105	59	24	2	2	2	2	2	2	1
Pre-Tax Profit	13,792	28,070	63,159	32,302	58,737	76,673	69,894	16,593	630	-250	152	-25,294	14,562	2,067	19,371
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 Tax	10,344	22,737	51,159	26,165	47,577	62,105	56,614	13,274	504	-250	117	-25,294	10,776	1,488	13,947
Dividends Paid
Retained Profit	10,344	22,737	51,159	26,165	47,577	62,105	56,614	13,274	504	-250	117	-25,294	10,776	1,488	13,947
Employee Costs	193,268	178,250	169,702	109,545	112,003	106,486	51,299	51,505	48,182	92,861	89,296	43,236	42,957	42,875
Number Of Employees	3	3	3	2	2	2	1	1	1	2	2	1	1	1
EBITDA*	13,792	28,070	63,159	32,302	58,737	76,594	69,861	16,571	628	-252	150	-14,144	26,065	13,569	31,373

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets													11,152	22,657	33,107
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets													11,152	22,657	33,107
Stock & work in progress
Trade Debtors	399,842	384,792	392,827	305,903	230,520	217,684	107,569	126,292	82,912	223,015	262,862	251,283	242,772	173,730	177,588
Group Debtors
Misc Debtors							18,181	20,641
Cash							27,983	18,824	369	369	369	369	369	369	369
misc current assets							6,625
total current assets	399,842	384,792	392,827	305,903	230,520	217,684	160,358	165,757	83,281	223,384	263,231	251,652	243,141	174,099	177,957
total assets	399,842	384,792	392,827	305,903	230,520	217,684	160,358	165,757	83,281	223,384	263,231	251,652	254,293	196,756	211,064
Bank overdraft							759	66
Bank loan
Trade Creditors	108,579	103,873	134,645	98,880	49,662	84,403	54,586	60,192	80,993	221,600	261,197	249,735	227,082	180,321	196,117
Group/Directors Accounts								647
other short term finances
hp & lease commitments
other current liabilities							32,837	89,290
total current liabilities	108,579	103,873	134,645	98,880	49,662	84,403	88,182	150,195	80,993	221,600	261,197	249,735	227,082	180,321	196,117
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities	108,579	103,873	134,645	98,880	49,662	84,403	88,182	150,195	80,993	221,600	261,197	249,735	227,082	180,321	196,117
net assets	291,263	280,919	258,182	207,023	180,858	133,281	72,176	15,562	2,288	1,784	2,034	1,917	27,211	16,435	14,947
total shareholders funds	291,263	280,919	258,182	207,023	180,858	133,281	72,176	15,562	2,288	1,784	2,034	1,917	27,211	16,435	14,947

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	13,792	28,070	63,159	32,302	58,737	76,594	69,861	16,571	628	-252	150	-25,296	14,560	2,065	19,370
Depreciation												11,152	11,505	11,504	12,003
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
Debtors	15,050	-8,035	86,924	75,383	12,836	91,934	-21,183	64,021	-140,103	-39,847	11,579	8,511	69,042	-3,858	177,588
Creditors	4,706	-30,772	35,765	49,218	-34,741	29,817	-5,606	-20,801	-140,607	-39,597	11,462	22,653	46,761	-15,796	196,117
Accruals and Deferred Income						-32,837	-56,453	89,290
Deferred Taxes & Provisions
Cash flow from operations						-32,928	15,705	17,721	-2	-2	-2	-2	-2	1,052	44,478
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							-647	647
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue						-1,000									1,000
interest						79	33	22	2	2	2	2	2	2	1
cash flow from financing						-921	-614	669	2	2	2	2	2	2	1,001
cash and cash equivalents
cash						-27,983	9,159	18,455							369
overdraft						-759	693	66
change in cash						-27,224	8,466	18,389							369

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

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

officer	country	age	start	end	role
Mr Ross Lunney	United Kingdom	62 years	Nov 1996	-	Director

P&L

October 2023

turnover

1.1m

+10%

operating profit

13.8k

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

net assets

Total assets minus all liabilities

Similar Companies

intrada chartering limited

3.5

devon trader shipping limited

1.5

aai global limited

anglo saxon shipping limited

infinity nautical services limited

company number

03266618

Type

Private limited with Share Capital

industry

50200 - Sea and coastal freight water transport

incorporation date

October 1996

ultimate parent company

None

previous names

kingsmead limited (October 1996)

address

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

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.

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 Company Information

spray shipping limited Estimated Valuation

spray shipping limited Estimated Valuation

spray shipping limited Estimated Valuation

Spray Shipping Limited Overview

Spray Shipping Limited Health Check

SPRAY SHIPPING LIMITED financials

spray shipping limited Credit Report and Business Information

Spray Shipping Limited Competitor Analysis

spray shipping limited Ownership

spray shipping limited directors

spray shipping limited company details

spray shipping limited Charges & Mortgages

spray shipping limited Capital Raised & Share Issues BETA

spray shipping limited Companies House Filings - See Documents