spicerite limited
spicerite limited Company Information
Company Number
03358727
Next Accounts
Sep 2025
Shareholders
reuben foundation
Group Structure
View All
Industry
Development of building projects
Registered Address
4th floor millbank tower, 21-24 millbank, london, england, SW1P 4QP
Website
reubenfoundation.comspicerite limited Estimated Valuation
Pomanda estimates the enterprise value of SPICERITE LIMITED at £252.4k based on a Turnover of £519.8k and 0.49x industry multiple (adjusted for size and gross margin).
spicerite limited Estimated Valuation
Pomanda estimates the enterprise value of SPICERITE LIMITED at £0 based on an EBITDA of £-5.6k and a 3.84x industry multiple (adjusted for size and gross margin).
spicerite limited Estimated Valuation
Pomanda estimates the enterprise value of SPICERITE LIMITED at £5m based on Net Assets of £3.6m and 1.41x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Spicerite Limited Overview
Spicerite Limited is a live company located in london, SW1P 4QP with a Companies House number of 03358727. It operates in the development of building projects sector, SIC Code 41100. Founded in April 1997, it's largest shareholder is reuben foundation with a 100% stake. Spicerite Limited is a mature, small sized company, Pomanda has estimated its turnover at £519.8k with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Spicerite Limited Health Check
Pomanda's financial health check has awarded Spicerite Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £519.8k, make it smaller than the average company (£2.5m)
- Spicerite Limited
£2.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -42%, show it is growing at a slower rate (4.8%)
- Spicerite Limited
4.8% - Industry AVG
Production
with a gross margin of 27.1%, this company has a comparable cost of product (27.1%)
- Spicerite Limited
27.1% - Industry AVG
Profitability
an operating margin of -1.1% make it less profitable than the average company (6.9%)
- Spicerite Limited
6.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (7)
- Spicerite Limited
7 - Industry AVG
Pay Structure
on an average salary of £48.2k, the company has an equivalent pay structure (£48.2k)
- Spicerite Limited
£48.2k - Industry AVG
Efficiency
resulting in sales per employee of £259.9k, this is equally as efficient (£290.5k)
- Spicerite Limited
£290.5k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (28 days)
- Spicerite Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 82 days, this is slower than average (31 days)
- Spicerite Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Spicerite Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (12 weeks)
2 weeks - Spicerite Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35.5%, this is a lower level of debt than the average (73.6%)
35.5% - Spicerite Limited
73.6% - Industry AVG
SPICERITE LIMITED financials
Spicerite Limited's latest turnover from December 2023 is estimated at £519.8 thousand and the company has net assets of £3.6 million. According to their latest financial statements, we estimate that Spicerite Limited has 2 employees and maintains cash reserves of £45.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 465,345 | 863,705 | 366,896 | ||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 220,435 | 342,518 | 185,174 | ||||||||||||
| Gross Profit | 244,910 | 521,187 | 181,722 | ||||||||||||
| Admin Expenses | 244,910 | 521,187 | 181,779 | ||||||||||||
| Operating Profit | -57 | ||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | 57 | ||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | 16,927 | 3,842 | 4,367 | ||||||||||||
| Profit After Tax | 16,927 | 3,842 | 4,367 | ||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | 16,927 | 3,842 | 4,367 | ||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* | -57 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 873,348 | ||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | |||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 873,348 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 24,764 | 16,743 | 74,744 | 431,596 | 3,809 | 890 | 2,094 | 16 | 3,780 | 5,178 | 153,315 | 254,628 | 318,788 | 197,150 | 127,074 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 455,141 | 372,843 | 264,285 | 163,904 | 167,280 | 205,726 | 152,438 | 155,592 | 86,514 | 134,766 | |||||
| Cash | 45,900 | 167,772 | 414,896 | 7,870 | 161,853 | 80,506 | 25,137 | 30,104 | 3,883 | 7,070 | 66,715 | 67,867 | 189,763 | ||
| misc current assets | |||||||||||||||
| total current assets | 525,805 | 557,358 | 753,925 | 603,370 | 332,942 | 287,122 | 179,669 | 185,712 | 94,177 | 147,014 | 220,030 | 322,495 | 318,788 | 197,150 | 316,837 |
| total assets | 5,525,805 | 5,557,358 | 5,753,925 | 5,603,370 | 2,132,942 | 2,087,122 | 1,979,669 | 1,985,712 | 1,894,177 | 1,947,014 | 2,020,030 | 2,122,495 | 2,118,788 | 1,997,150 | 1,190,185 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 85,845 | 4,110 | 1,815 | 15,425 | 52,007 | 82,026 | 786,341 | 888,806 | 885,099 | 763,461 | 83,148 | ||||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 1,006,269 | 1,119,557 | 1,320,234 | 1,167,864 | 899,253 | 838,008 | 745,980 | 752,023 | 608,481 | 631,299 | |||||
| total current liabilities | 1,092,114 | 1,123,667 | 1,320,234 | 1,169,679 | 899,253 | 853,433 | 745,980 | 752,023 | 660,488 | 713,325 | 786,341 | 888,806 | 885,099 | 763,461 | 83,148 |
| loans | 800,000 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 868,784 | 868,784 | 868,784 | 660,276 | 47,070 | 47,070 | 47,070 | 57,314 | 74,241 | 78,083 | |||||
| total long term liabilities | 868,784 | 868,784 | 868,784 | 660,276 | 47,070 | 47,070 | 47,070 | 57,314 | 74,241 | 78,083 | 800,000 | ||||
| total liabilities | 1,960,898 | 1,992,451 | 2,189,018 | 1,829,955 | 946,323 | 900,503 | 793,050 | 809,337 | 734,729 | 791,408 | 786,341 | 888,806 | 885,099 | 763,461 | 883,148 |
| net assets | 3,564,907 | 3,564,907 | 3,564,907 | 3,773,415 | 1,186,619 | 1,186,619 | 1,186,619 | 1,176,375 | 1,159,448 | 1,155,606 | 1,233,689 | 1,233,689 | 1,233,689 | 1,233,689 | 307,037 |
| total shareholders funds | 3,564,907 | 3,564,907 | 3,564,907 | 3,773,415 | 1,186,619 | 1,186,619 | 1,186,619 | 1,176,375 | 1,159,448 | 1,155,606 | 1,233,689 | 1,233,689 | 1,233,689 | 1,233,689 | 307,037 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -57 | ||||||||||||||
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | 16,927 | 3,842 | 4,367 | ||||||||||||
| Stock | |||||||||||||||
| Debtors | 90,319 | 50,557 | -256,471 | 424,411 | -35,527 | 52,084 | -1,076 | 65,314 | -49,650 | -13,371 | -101,313 | -64,160 | 121,638 | 197,150 | 127,074 |
| Creditors | 81,735 | 4,110 | -1,815 | 1,815 | -15,425 | 15,425 | -52,007 | -30,019 | -704,315 | -102,465 | 3,707 | 121,638 | 763,461 | 83,148 | |
| Accruals and Deferred Income | -113,288 | -200,677 | 152,370 | 268,611 | 61,245 | 92,028 | -6,043 | 143,542 | -22,818 | 631,299 | |||||
| Deferred Taxes & Provisions | 208,508 | 613,206 | -10,244 | -16,927 | -3,842 | 78,083 | |||||||||
| Cash flow from operations | 26,221 | -3,187 | 22,748 | ||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 3,200,000 | 1,800,000 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | 800,000 | ||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 57 | ||||||||||||||
| cash flow from financing | -82,393 | ||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -121,872 | -247,124 | 407,026 | -153,983 | 81,347 | 55,369 | -4,967 | 26,221 | -3,187 | -59,645 | -1,152 | 67,867 | 189,763 | ||
| overdraft | |||||||||||||||
| change in cash | -121,872 | -247,124 | 407,026 | -153,983 | 81,347 | 55,369 | -4,967 | 26,221 | -3,187 | -59,645 | -1,152 | 67,867 | 189,763 |
spicerite limited Credit Report and Business Information
Spicerite Limited Competitor Analysis
Perform a competitor analysis for spicerite limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in SW1P area or any other competitors across 12 key performance metrics.
spicerite limited Ownership
SPICERITE LIMITED group structure
Spicerite Limited has no subsidiary companies.
spicerite limited directors
Spicerite Limited currently has 2 directors. The longest serving directors include Mr Stephane Nahum (Sep 2018) and Mr William Collins (Nov 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephane Nahum | England | 49 years | Sep 2018 | - | Director |
| Mr William Collins | England | 78 years | Nov 2024 | - | Director |
P&L
December 2023turnover
519.8k
+343%
operating profit
-5.6k
0%
gross margin
27.1%
+1.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3.6m
0%
total assets
5.5m
-0.01%
cash
45.9k
-0.73%
net assets
Total assets minus all liabilities
spicerite limited company details
company number
03358727
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
April 1997
age
28
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
GERALD EDELMAN LLP
auditor
-
address
4th floor millbank tower, 21-24 millbank, london, england, SW1P 4QP
Bank
-
Legal Advisor
-
spicerite 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 4 charges/mortgages relating to spicerite limited. Currently there are 1 open charges and 3 have been satisfied in the past.
spicerite 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 SPICERITE LIMITED. This can take several minutes, an email will notify you when this has completed.
spicerite limited Companies House Filings - See Documents
| date | description | view/download |
|---|
