spray shipping limited Company Information
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
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
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
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).
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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.
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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


2 Strong

2 Regular

6 Weak

Size
annual sales of £1.1m, make it smaller than the average company (£8.8m)
- Spray Shipping Limited
£8.8m - Industry AVG

Growth
3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (9.3%)
- Spray Shipping Limited
9.3% - Industry AVG

Production
with a gross margin of 13.8%, this company has a higher cost of product (37%)
- Spray Shipping Limited
37% - Industry AVG

Profitability
an operating margin of 1.2% make it less profitable than the average company (9.9%)
- Spray Shipping Limited
9.9% - Industry AVG

Employees
with 3 employees, this is below the industry average (14)
3 - Spray Shipping Limited
14 - Industry AVG

Pay Structure
on an average salary of £64.4k, the company has an equivalent pay structure (£64.4k)
- Spray Shipping Limited
£64.4k - Industry AVG

Efficiency
resulting in sales per employee of £377.3k, this is less efficient (£542.4k)
- Spray Shipping Limited
£542.4k - Industry AVG

Debtor Days
it gets paid by customers after 128 days, this is later than average (33 days)
- Spray Shipping Limited
33 days - Industry AVG

Creditor Days
its suppliers are paid after 40 days, this is slower than average (27 days)
- Spray Shipping Limited
27 days - Industry AVG

Stock Days
There is insufficient data available for this Key Performance Indicator!
- Spray Shipping Limited
- - Industry AVG

Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Spray Shipping Limited
- - Industry AVG

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

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 | |||||||||||||||
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | |||||||||||||||
Interest Payable | |||||||||||||||
Interest Receivable | |||||||||||||||
Pre-Tax Profit | |||||||||||||||
Tax | |||||||||||||||
Profit After Tax | |||||||||||||||
Dividends Paid | |||||||||||||||
Retained Profit | |||||||||||||||
Employee Costs | |||||||||||||||
Number Of Employees | 3 | 3 | 3 | 2 | 2 | 2 | 1 | ||||||||
EBITDA* |
* 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 | |||||||||||||||
Depreciation | 11,152 | 11,505 | 11,504 | 12,003 | |||||||||||
Amortisation | |||||||||||||||
Tax | |||||||||||||||
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 | |||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | |||||||||||||||
cash flow from investments | |||||||||||||||
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 | |||||||||||||||
interest | |||||||||||||||
cash flow from financing | |||||||||||||||
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 |
spray shipping limited Credit Report and Business Information
Spray Shipping Limited Competitor Analysis

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 directors
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 2023turnover
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 2023net 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
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.
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spray shipping limited Companies House Filings - See Documents
date | description | view/download |
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