spin uk ltd Company Information
Company Number
03802881
Website
www.spinuk.comRegistered Address
oak house, bromyard road, worcester, worcestershire, WR2 5HP
Industry
Manufacture of electronic industrial process control equipment
Telephone
01905749300
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
trifidus sl 92%
david wood 5%
View Allspin uk ltd Estimated Valuation
The estimated valuation range for spin uk ltd, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £4.1m
spin uk ltd Estimated Valuation
The estimated valuation range for spin uk ltd, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £4.1m
spin uk ltd Estimated Valuation
The estimated valuation range for spin uk ltd, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £4.1m
Get a detailed valuation report, edit figures and unlock valuation multiples.
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Spin Uk Ltd Overview
Spin Uk Ltd is a live company located in worcester, WR2 5HP with a Companies House number of 03802881. It operates in the manufacture of electronic industrial process control equipment sector, SIC Code 26512. Founded in July 1999, it's largest shareholder is trifidus sl with a 92% stake. Spin Uk Ltd is a mature, small sized company, Pomanda has estimated its turnover at £3.9m with healthy growth in recent years.
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Spin Uk Ltd Health Check
Pomanda's financial health check has awarded Spin Uk Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £3.9m, make it smaller than the average company (£9.5m)
- Spin Uk Ltd
£9.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a faster rate (1.7%)
- Spin Uk Ltd
1.7% - Industry AVG
Production
with a gross margin of 37.5%, this company has a comparable cost of product (37.5%)
- Spin Uk Ltd
37.5% - Industry AVG
Profitability
an operating margin of -3% make it less profitable than the average company (6.6%)
- Spin Uk Ltd
6.6% - Industry AVG
Employees
with 25 employees, this is below the industry average (62)
25 - Spin Uk Ltd
62 - Industry AVG
Pay Structure
on an average salary of £48.9k, the company has an equivalent pay structure (£48.9k)
- Spin Uk Ltd
£48.9k - Industry AVG
Efficiency
resulting in sales per employee of £154.1k, this is equally as efficient (£160.1k)
- Spin Uk Ltd
£160.1k - Industry AVG
Debtor Days
it gets paid by customers after 114 days, this is later than average (65 days)
- Spin Uk Ltd
65 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is quicker than average (33 days)
- Spin Uk Ltd
33 days - Industry AVG
Stock Days
it holds stock equivalent to 32 days, this is less than average (94 days)
- Spin Uk Ltd
94 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 32 weeks, this is more cash available to meet short term requirements (22 weeks)
32 weeks - Spin Uk Ltd
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.5%, this is a higher level of debt than the average (35.1%)
53.5% - Spin Uk Ltd
35.1% - Industry AVG
spin uk ltd Credit Report and Business Information
Spin Uk Ltd Competitor Analysis
Perform a competitor analysis for spin uk ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
spin uk ltd Ownership
SPIN UK LTD group structure
Spin Uk Ltd has no subsidiary companies.
Ultimate parent company
TRIFIDUS SL
#0039275
1 parent
SPIN UK LTD
03802881
spin uk ltd directors
Spin Uk Ltd currently has 6 directors. The longest serving directors include Mr Juan Catala Mir (Jul 1999) and Josep Gines Gibert (Jul 1999).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Juan Catala Mir | Spain | 73 years | Jul 1999 | - | Director |
Josep Gines Gibert | Spain | 69 years | Jul 1999 | - | Director |
Mr David Wood | England | 58 years | Sep 2007 | - | Director |
Mr Mark Jones | 44 years | Jan 2018 | - | Director | |
Miss Sarah Pow | England | 45 years | Jan 2018 | - | Director |
Ms Joan Baucells Guiteras | Spain | 63 years | Jun 2021 | - | Director |
SPIN UK LTD financials
Spin Uk Ltd's latest turnover from December 2022 is estimated at £3.9 million and the company has net assets of £973.2 thousand. According to their latest financial statements, Spin Uk Ltd has 25 employees and maintains cash reserves of £605.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
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 | Dec 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 | 25 | 26 | 24 | 21 | 19 | 18 | 16 | 12 | ||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
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 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 38,334 | 32,536 | 40,624 | 45,228 | 51,570 | 46,372 | 61,110 | 64,051 | 84,595 | 71,985 | 58,293 | 57,560 | 24,136 | 6,995 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 14,423 | 39,357 | 28,239 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 21,441 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 38,334 | 53,977 | 40,624 | 45,228 | 51,570 | 60,795 | 100,467 | 92,290 | 84,595 | 71,985 | 58,293 | 57,560 | 24,136 | 6,995 |
Stock & work in progress | 216,537 | 41,726 | 0 | 0 | 50,141 | 372,394 | 341,000 | 310,322 | 33,553 | 300,570 | 64,567 | 32,974 | 15,789 | 2,280 |
Trade Debtors | 1,204,932 | 701,073 | 1,388,515 | 809,534 | 1,077,320 | 1,176,792 | 280,241 | 908,184 | 650,713 | 176,781 | 399,532 | 250,960 | 106,251 | 290,126 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 28,543 | 38,246 | 40,584 | 20,795 | 84,653 | 103,401 | 382,717 | 264,025 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 605,101 | 1,070,934 | 918,104 | 860,852 | 822,499 | 561,707 | 623,654 | 291,292 | 343,087 | 699,275 | 384,791 | 375,025 | 336,203 | 115,884 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 2,055,113 | 1,851,979 | 2,347,203 | 1,691,181 | 2,034,613 | 2,214,294 | 1,627,612 | 1,773,823 | 1,027,353 | 1,176,626 | 848,890 | 658,959 | 458,243 | 408,290 |
total assets | 2,093,447 | 1,905,956 | 2,387,827 | 1,736,409 | 2,086,183 | 2,275,089 | 1,728,079 | 1,866,113 | 1,111,948 | 1,248,611 | 907,183 | 716,519 | 482,379 | 415,285 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 172,733 | 79,962 | 120,231 | 61,499 | 131,841 | 186,735 | 127,302 | 262,665 | 587,740 | 592,472 | 466,543 | 331,254 | 203,170 | 147,179 |
Group/Directors Accounts | 186,636 | 220,540 | 420,242 | 188,669 | 291,086 | 247,022 | 326,314 | 135,760 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 60,000 | 60,000 | 25,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 544,090 | 263,341 | 532,166 | 477,026 | 790,612 | 864,998 | 565,329 | 722,748 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 963,459 | 623,843 | 1,097,639 | 727,194 | 1,213,539 | 1,298,755 | 1,018,945 | 1,121,173 | 587,740 | 592,472 | 466,543 | 331,254 | 203,170 | 147,179 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 155,000 | 215,000 | 275,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 1,807 | 0 | 3,970 | 4,068 | 9,245 | 0 | 0 | 0 | 7,658 | 3,952 | 421 | 0 | 0 | 0 |
total long term liabilities | 156,807 | 215,000 | 278,970 | 4,068 | 9,245 | 0 | 0 | 0 | 7,658 | 3,952 | 421 | 0 | 0 | 0 |
total liabilities | 1,120,266 | 838,843 | 1,376,609 | 731,262 | 1,222,784 | 1,298,755 | 1,018,945 | 1,121,173 | 595,398 | 596,424 | 466,964 | 331,254 | 203,170 | 147,179 |
net assets | 973,181 | 1,067,113 | 1,011,218 | 1,005,147 | 863,399 | 976,334 | 709,134 | 744,940 | 516,550 | 652,187 | 440,219 | 385,265 | 279,209 | 268,106 |
total shareholders funds | 973,181 | 1,067,113 | 1,011,218 | 1,005,147 | 863,399 | 976,334 | 709,134 | 744,940 | 516,550 | 652,187 | 440,219 | 385,265 | 279,209 | 268,106 |
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 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 16,028 | 12,337 | 22,169 | 20,355 | 19,404 | 27,851 | 28,726 | 28,929 | 26,775 | 18,960 | 21,015 | 8,012 | 12,072 | 4,033 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | ||||||||||||||
Stock | 174,811 | 41,726 | 0 | -50,141 | -322,253 | 31,394 | 30,678 | 276,769 | -267,017 | 236,003 | 31,593 | 17,185 | 13,509 | 2,280 |
Debtors | 472,715 | -668,339 | 598,770 | -331,644 | -118,220 | 617,235 | -509,251 | 521,496 | 473,932 | -222,751 | 148,572 | 144,709 | -183,875 | 290,126 |
Creditors | 92,771 | -40,269 | 58,732 | -70,342 | -54,894 | 59,433 | -135,363 | -325,075 | -4,732 | 125,929 | 135,289 | 128,084 | 55,991 | 147,179 |
Accruals and Deferred Income | 280,749 | -268,825 | 55,140 | -313,586 | -74,386 | 299,669 | -157,419 | 722,748 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 1,807 | -3,970 | -98 | -5,177 | 9,245 | 0 | 0 | -7,658 | 3,706 | 3,531 | 421 | 0 | 0 | 0 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | -14,423 | -24,934 | 11,118 | 28,239 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -33,904 | -199,702 | 231,573 | -102,417 | 44,064 | -79,292 | 190,554 | 135,760 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 35,000 | 25,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | -60,000 | -60,000 | 275,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | -465,833 | 152,830 | 57,252 | 38,353 | 260,792 | -61,947 | 332,362 | -51,795 | -356,188 | 314,484 | 9,766 | 38,822 | 220,319 | 115,884 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -465,833 | 152,830 | 57,252 | 38,353 | 260,792 | -61,947 | 332,362 | -51,795 | -356,188 | 314,484 | 9,766 | 38,822 | 220,319 | 115,884 |
P&L
December 2022turnover
3.9m
+30%
operating profit
-117.6k
0%
gross margin
37.6%
-1.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
973.2k
-0.09%
total assets
2.1m
+0.1%
cash
605.1k
-0.43%
net assets
Total assets minus all liabilities
spin uk ltd company details
company number
03802881
Type
Private limited with Share Capital
industry
26512 - Manufacture of electronic industrial process control equipment
incorporation date
July 1999
age
25
accounts
Small Company
ultimate parent company
previous names
spin control systems limited (December 2000)
blakestone limited (July 1999)
incorporated
UK
address
oak house, bromyard road, worcester, worcestershire, WR2 5HP
last accounts submitted
December 2022
spin uk ltd 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 spin uk ltd.
spin uk ltd Companies House Filings - See Documents
date | description | view/download |
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