Pomanda estimates the enterprise value of SPIRAL DIRECT LIMITED at £2.6m based on a Turnover of £6.1m and 0.43x industry multiple (adjusted for size and gross margin).
spiral direct limitedEstimated Valuation
£644.3k
Pomanda estimates the enterprise value of SPIRAL DIRECT LIMITED at £644.3k based on an EBITDA of £194.3k and a 3.32x industry multiple (adjusted for size and gross margin).
spiral direct limitedEstimated Valuation
£931.8k
Pomanda estimates the enterprise value of SPIRAL DIRECT LIMITED at £931.8k based on Net Assets of £376.5k and 2.48x industry multiple (adjusted for liquidity).
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Spiral Direct LimitedOverview
Spiral Direct Limited is a live company located in stapleford, NG9 7AA with a Companies House number of 03713667. It operates in the manufacture of other men's outerwear sector, SIC Code 14131. Founded in February 1999, it's largest shareholder is
muhammad nasir alam
with a 33.3% stake. Spiral Direct Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£6.1m with
low
growth in recent years.
Pomanda's financial health check has awarded Spiral Direct Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
4 Strong
4 Regular
4 Weak
Size
annual sales of £6.1m, make it larger than the average company (£4.7m)
£6.1m - Spiral Direct Limited
£4.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a faster rate (-10.7%)
4% - Spiral Direct Limited
-10.7% - Industry AVG
Production
with a gross margin of 26.8%, this company has a comparable cost of product (26.8%)
26.8% - Spiral Direct Limited
26.8% - Industry AVG
Profitability
an operating margin of 2.4% make it more profitable than the average company (-0.1%)
2.4% - Spiral Direct Limited
-0.1% - Industry AVG
Employees
with 45 employees, this is similar to the industry average (40)
45 - Spiral Direct Limited
40 - Industry AVG
Pay Structure
on an average salary of £34k, the company has an equivalent pay structure (£34k)
£34k - Spiral Direct Limited
£34k - Industry AVG
Efficiency
resulting in sales per employee of £134.8k, this is more efficient (£81.5k)
£134.8k - Spiral Direct Limited
£81.5k - Industry AVG
Debtor Days
it gets paid by customers after 87 days, this is later than average (40 days)
87 days - Spiral Direct Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is quicker than average (41 days)
29 days - Spiral Direct Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 123 days, this is in line with average (151 days)
123 days - Spiral Direct Limited
151 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (12 weeks)
1 weeks - Spiral Direct Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.5%, this is a higher level of debt than the average (50.7%)
90.5% - Spiral Direct Limited
50.7% - Industry AVG
SPIRAL DIRECT LIMITED financials
EXPORT
Spiral Direct Limited's latest turnover from March 2022 is estimated at £6.1 million and the company has net assets of £376.5 thousand. According to their latest financial statements, Spiral Direct Limited has 45 employees and maintains cash reserves of £51.8 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
6,065,739
6,960,769
6,191,808
5,432,273
5,648,935
3,915,149
4,154,951
7,507,530
8,884,818
5,742,816
3,484,446
3,200,492
3,055,122
Other Income Or Grants
Cost Of Sales
4,443,050
4,819,679
3,732,047
2,991,467
3,810,861
2,617,172
2,823,120
5,250,194
6,160,501
4,264,417
2,259,415
2,124,317
1,888,770
Gross Profit
1,622,689
2,141,090
2,459,761
2,440,805
1,838,074
1,297,978
1,331,832
2,257,336
2,724,317
1,478,399
1,225,031
1,076,175
1,166,352
Admin Expenses
1,477,636
1,885,833
2,246,064
2,664,349
1,651,782
1,139,275
1,162,134
2,184,701
2,671,477
1,478,852
923,582
781,415
899,844
Operating Profit
145,053
255,257
213,697
-223,544
186,292
158,703
169,698
72,635
52,840
-453
301,449
294,760
266,508
Interest Payable
170,605
153,110
135,785
130,337
93,935
52,155
22,879
4,515
392
Interest Receivable
641
140
119
595
579
360
1,026
944
933
1,001
443
Pre-Tax Profit
-24,910
102,286
78,032
-353,285
92,935
106,908
147,845
73,578
53,773
549
297,377
294,760
266,116
Tax
-19,434
-14,826
-17,658
-21,381
-29,569
-15,451
-12,368
-132
-63,941
-50,230
-56,709
Profit After Tax
-24,910
82,852
63,206
-353,285
75,277
85,526
118,276
58,127
41,405
417
233,436
244,530
209,407
Dividends Paid
263,235
249,959
196,026
Retained Profit
-24,910
82,852
63,206
-353,285
75,277
85,526
118,276
58,127
41,405
417
-29,799
-5,429
13,381
Employee Costs
1,527,954
1,582,869
1,484,232
1,329,246
813,060
674,678
718,890
1,093,167
1,299,197
638,053
643,504
830,865
689,929
Number Of Employees
45
45
45
45
26
23
23
35
46
24
25
32
22
EBITDA*
194,307
369,898
222,042
-140,089
255,052
189,204
203,656
130,214
84,560
71,423
349,690
359,399
317,568
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
785,400
775,149
607,740
616,944
423,702
399,030
411,821
326,263
365,627
357,774
255,108
193,917
153,180
Intangible Assets
4,878
9,756
14,634
19,512
26,016
34,688
43,360
43,360
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
785,400
775,149
607,740
616,944
423,702
403,908
421,577
340,897
385,139
383,790
289,796
237,277
196,540
Stock & work in progress
1,506,543
1,439,435
1,412,271
1,210,604
1,740,514
1,386,558
1,347,065
630,938
692,875
611,782
605,118
558,443
417,380
Trade Debtors
1,453,610
1,345,707
867,549
897,423
908,517
542,991
517,933
506,544
735,935
637,025
512,149
517,022
442,045
Group Debtors
Misc Debtors
102,698
125,400
377,836
110,590
31,832
41,790
39,209
90,073
102,868
11,152
Cash
51,827
119,127
160,808
78,125
80,620
150,789
137,363
273,144
104,441
268,801
131,780
180,314
262,202
misc current assets
80,222
total current assets
3,194,900
3,029,669
2,818,464
2,296,742
2,761,483
2,122,128
2,041,570
1,410,626
1,533,251
1,517,608
1,339,120
1,358,647
1,132,779
total assets
3,980,300
3,804,818
3,426,204
2,913,686
3,185,185
2,526,036
2,463,147
1,751,523
1,918,390
1,901,398
1,628,916
1,595,924
1,329,319
Bank overdraft
462,352
726,399
1,054,093
436,390
170,508
157,318
751
Bank loan
1,206,024
567,894
434,866
882,414
928,644
616,704
461,033
Trade Creditors
358,399
338,996
287,502
567,809
513,703
758,471
1,079,160
1,421,987
1,541,873
1,456,116
1,399,329
1,195,947
982,948
Group/Directors Accounts
70,983
35,442
16,832
16,832
other short term finances
hp & lease commitments
22,033
86,006
54,254
22,863
other current liabilities
432,269
210,086
153,728
154,040
137,544
233,786
146,195
169,505
141,110
total current liabilities
1,996,692
1,601,361
1,673,478
2,658,356
2,016,281
1,814,911
1,929,712
1,421,987
1,541,873
1,456,116
1,399,329
1,436,538
1,164,504
loans
1,344,370
1,474,308
1,354,190
560,289
177,787
85,623
hp & lease commitments
Accruals and Deferred Income
other liabilities
262,760
327,761
80,000
105,108
215,278
provisions
total long term liabilities
1,607,130
1,802,069
1,434,190
560,289
177,787
85,623
105,108
215,278
total liabilities
3,603,822
3,403,430
3,107,668
2,658,356
2,576,570
1,992,698
2,015,335
1,421,987
1,646,981
1,671,394
1,399,329
1,436,538
1,164,504
net assets
376,478
401,388
318,536
255,330
608,615
533,338
447,812
329,536
271,409
230,004
229,587
159,386
164,815
total shareholders funds
376,478
401,388
318,536
255,330
608,615
533,338
447,812
329,536
271,409
230,004
229,587
159,386
164,815
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
145,053
255,257
213,697
-223,544
186,292
158,703
169,698
72,635
52,840
-453
301,449
294,760
266,508
Depreciation
49,254
114,641
8,345
83,455
63,882
25,623
29,080
52,701
25,216
63,204
39,569
64,639
51,060
Amortisation
4,878
4,878
4,878
4,878
6,504
8,672
8,672
Tax
-19,434
-14,826
-17,658
-21,381
-29,569
-15,451
-12,368
-132
-63,941
-50,230
-56,709
Stock
67,108
27,164
201,667
-529,910
353,956
39,493
716,127
-61,937
81,093
6,664
46,675
141,063
417,380
Debtors
85,201
225,722
237,372
67,664
355,568
27,639
50,598
-229,391
98,910
34,803
-17,668
166,693
453,197
Creditors
19,403
51,494
-280,307
54,106
-244,768
-320,689
-342,827
-119,886
85,757
56,787
203,382
212,999
982,948
Accruals and Deferred Income
222,183
56,358
-312
16,496
-96,242
87,591
146,195
-169,505
28,395
141,110
Deferred Taxes & Provisions
Cash flow from operations
283,584
205,430
-512,442
392,759
-813,140
-132,407
-789,270
286,205
-22,054
86,611
290,619
242,807
514,340
Investing Activities
capital expenditure
-59,505
-282,050
859
-276,697
-88,554
-12,832
-114,638
-13,337
-33,069
-165,870
-100,760
-105,376
-247,600
Change in Investments
cash flow from investments
-59,505
-282,050
859
-276,697
-88,554
-12,832
-114,638
-13,337
-33,069
-165,870
-100,760
-105,376
-247,600
Financing Activities
Bank loans
638,130
133,028
-447,548
-46,230
311,940
155,671
461,033
Group/Directors Accounts
-70,983
70,983
-35,442
35,442
-16,832
16,832
Other Short Term Loans
Long term loans
-129,938
120,118
1,354,190
-560,289
382,502
92,164
85,623
Hire Purchase and Lease Commitments
-22,033
22,033
-86,006
86,006
-54,254
31,391
22,863
other long term liabilities
-65,001
247,761
80,000
-105,108
-110,170
215,278
share issue
100,000
151,434
interest
-169,964
-152,970
-135,666
-129,742
-93,356
-51,795
-21,853
944
933
1,001
-4,072
-392
cash flow from financing
251,194
298,987
921,959
-736,261
565,644
145,476
610,809
-104,164
-109,237
216,279
24,842
31,391
190,737
cash and cash equivalents
cash
-67,300
-41,681
82,683
-2,495
-70,169
13,426
-135,781
168,703
-164,360
137,021
-48,534
-81,888
262,202
overdraft
-462,352
-264,047
-327,694
617,703
265,882
13,190
157,318
-751
751
change in cash
395,052
222,366
410,377
-620,198
-336,051
236
-293,099
168,703
-164,360
137,021
-48,534
-81,137
261,451
spiral direct 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 spiral direct limited. Get real-time insights into spiral direct limited's credit score, group structure and payment trends.
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spiral direct limited Ownership
SPIRAL DIRECT LIMITED group structure
Spiral Direct Limited has no subsidiary companies.
Ultimate parent company
SPIRAL DIRECT LIMITED
03713667
SPIRAL DIRECT LIMITED Shareholders
The largest shareholders in Spiral Direct Limited include Muhammad Nasir Alam and Shoaib Ghayur.
muhammad nasir alam
33.33%
shoaib ghayur
33.33%
sohail ghayur
33.33%
spiral direct limited directors
Spiral Direct Limited currently has 3 directors.
The longest serving directors include
Mr Muhammad Alam (Feb 1999) and
Mr Sohail Ghayur (Feb 1999).
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 7 charges/mortgages relating to spiral direct limited. Currently there are 1 open charges and 6 have been satisfied in the past.
spiral direct 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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spiral direct limitedCompanies House Filings - See Documents
