Spirit Resources (armada) Limited

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spirit resources (armada) limited Company Information

Live

MatureDeclining

Company Number

04181384

Next Accounts

Sep 2025

Industry

Extraction of crude petroleum

Directors

Girish Kabra

Scott McGinigal

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Shareholders

spirit energy limited

Group Structure

View All

Contact

Registered Address

millstream maidenhead road, windsor, berkshire, SL4 5GD

Website

https://www.centrica.com

spirit resources (armada) limited Estimated Valuation

£47.3m

Pomanda estimates the enterprise value of SPIRIT RESOURCES (ARMADA) LIMITED at £47.3m based on Net Assets of £36m and 1.31x industry multiple (adjusted for liquidity).

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Spirit Resources (armada) Limited is a live company located in berkshire, SL4 5GD with a Companies House number of 04181384. It operates in the extraction of crude petroleum sector, SIC Code 06100. Founded in March 2001, it's largest shareholder is spirit energy limited with a 100% stake. Spirit Resources (armada) Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with declining growth in recent years.

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Pomanda's financial health check has awarded Spirit Resources (Armada) Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

0 Regular

2 Weak

Size

There is insufficient data available for this Key Performance Indicator!

Growth

3 year (CAGR) sales growth of -100%, show it is growing at a slower rate (13.3%)

EXPORT

Spirit Resources (Armada) Limited's latest turnover from December 2023 is 0 and the company has net assets of £36 million. According to their latest financial statements, we estimate that Spirit Resources (Armada) Limited has 1 employee and maintains cash reserves of 0 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	Dec 2009
Turnover	0	0	0	5,000	0	1,279,000	3,273,000	2,595,000	3,539,000	4,110,000	9,241,000	9,477,000	13,023,000	13,192,000	11,517,000
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,135,000	-823,000	58,000	0	-3,000	1,280,000	1,975,000	2,669,000	3,340,000	3,853,000	5,155,000	5,826,000	12,862,000	17,311,000	13,057,000
Gross Profit	-1,135,000	823,000	-58,000	5,000	3,000	-1,000	1,298,000	-74,000	199,000	257,000	4,086,000	3,651,000	161,000	-4,119,000	-1,540,000
Admin Expenses	0	-522,000	-301,000	-43,000	-1,493,000	-757,000	-6,280,000	-509,000	9,002,000	4,402,000	5,591,000	23,255,000	5,800,000	-1,001,000	0
Operating Profit	-1,135,000	1,345,000	243,000	48,000	1,496,000	756,000	7,578,000	435,000	-8,803,000	-4,145,000	-1,505,000	-19,604,000	-5,639,000	-3,118,000	-1,540,000
Interest Payable	108,000	6,000	0	452,000	165,000	119,000	422,000	1,282,000	621,000	135,000	132,000	265,000	91,000	241,000	89,000
Interest Receivable	1,975,000	528,000	138,000	153,000	314,000	651,000	859,000	0	0	358,000	650,000	1,325,000	1,139,000	1,006,000	173,000
Pre-Tax Profit	732,000	1,867,000	381,000	-251,000	1,256,000	1,288,000	7,761,000	-82,000	-9,417,000	-3,911,000	-1,304,000	-19,133,000	-4,292,000	-2,353,000	-956,000
Tax	-329,000	-215,000	-147,000	-3,881,000	-709,000	-364,000	-2,378,000	-1,548,000	4,448,000	1,190,000	1,148,000	-3,333,000	334,000	-3,250,000	-754,000
Profit After Tax	403,000	1,652,000	234,000	-4,132,000	547,000	924,000	5,383,000	-1,630,000	-4,969,000	-2,721,000	-156,000	-22,466,000	-3,958,000	-5,603,000	-1,710,000
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	403,000	1,652,000	234,000	-4,132,000	547,000	453,000	6,131,000	-1,630,000	-4,969,000	-2,721,000	-156,000	-22,466,000	-3,958,000	-5,603,000	-1,710,000
Employee Costs	0	0	0	0	0	0	622,280	709,404	0	677,429	62,000	78,000	96,000	0	0
Number Of Employees	1	1	1	1	1	2	6	7	6	6	13	12	19	20	0
EBITDA*	-1,135,000	1,345,000	243,000	48,000	1,496,000	756,000	7,578,000	435,000	-8,803,000	-2,992,000	456,000	-17,970,000	-5,108,000	150,000	4,073,000

* 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	Dec 2009
Tangible Assets	0	0	0	0	4,091,000	4,782,000	4,927,000	6,671,000	8,128,000	0	4,622,000	6,005,000	7,597,000	3,863,000	8,664,000
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	4,843,000	5,040,000	3,007,000	5,459,000
Investments & Other	0	0	0	0	0	0	0	0	0	0	592,000	1,001,000	1,001,000	1,001,000	0
Debtors (Due After 1 year)	45,172,000	43,441,000	43,704,000	0	0	0	0	0	0	3,822,000	1,428,000	0	0	3,219,000	0
Total Fixed Assets	45,172,000	43,441,000	43,704,000	0	4,091,000	4,782,000	4,927,000	6,671,000	8,128,000	3,822,000	6,642,000	11,849,000	13,638,000	11,090,000	14,123,000
Stock & work in progress	0	0	0	0	0	0	18,000	19,000	32,000	0	0	0	0	0	0
Trade Debtors	0	0	0	0	0	0	9,000	25,000	88,000	0	0	0	0	0	0
Group Debtors	0	0	919,000	42,866,000	45,834,000	45,454,000	45,577,000	70,433,000	42,688,000	44,264,000	38,975,000	42,955,000	75,653,000	70,773,000	76,274,000
Misc Debtors	0	0	0	0	0	0	249,000	21,000	79,000	1,091,000	2,114,000	293,000	8,215,000	1,148,000	2,126,000
Cash	0	37,000	50,000	50,000	52,000	116,000	75,000	0	39,000	0	95,000	218,000	1,578,000	1,141,000	32,000
misc current assets	0	0	0	0	0	0	0	619,000	0	0	0	0	0	0	0
total current assets	0	37,000	969,000	42,916,000	45,886,000	45,570,000	45,928,000	71,117,000	42,926,000	45,355,000	41,184,000	43,466,000	85,446,000	73,062,000	78,432,000
total assets	45,172,000	43,478,000	44,673,000	42,916,000	49,977,000	50,352,000	50,855,000	77,788,000	51,054,000	49,177,000	47,826,000	55,315,000	99,084,000	84,152,000	92,555,000
Bank overdraft	24,000	0	0	0	0	0	0	70,000	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	506,000	301,000	1,911,000	30,000	0	0	0	0	0	2,570,000	489,000	4,698,000	27,834,000	10,606,000	11,815,000
other short term finances	0	0	0	0	0	0	0	0	0	92,000	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	51,000	228,000	42,000	301,000	3,676,000	3,740,000	6,412,000	38,598,000	3,450,000	1,366,000	498,000	3,218,000	2,317,000	2,918,000	2,924,000
total current liabilities	581,000	529,000	1,953,000	331,000	3,676,000	3,740,000	6,412,000	38,668,000	3,450,000	4,028,000	987,000	7,916,000	30,151,000	13,524,000	14,739,000
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	8,573,000	7,334,000	8,235,000	8,219,000	16,364,000	19,128,000	14,128,000	14,830,000	28,348,000	6,992,000	6,108,000	6,242,000	5,922,000	4,033,000	5,583,000
total long term liabilities	8,573,000	7,334,000	8,235,000	8,219,000	8,182,000	9,564,000	7,064,000	7,415,000	14,174,000	6,992,000	6,108,000	6,242,000	5,922,000	4,033,000	5,583,000
total liabilities	9,154,000	7,863,000	10,188,000	8,550,000	11,858,000	13,304,000	13,476,000	46,083,000	17,624,000	11,020,000	7,095,000	14,158,000	36,073,000	17,557,000	20,322,000
net assets	36,018,000	35,615,000	34,485,000	34,366,000	38,119,000	37,048,000	37,379,000	31,705,000	33,430,000	38,157,000	40,731,000	41,157,000	63,011,000	66,595,000	72,233,000
total shareholders funds	36,018,000	35,615,000	34,485,000	34,366,000	38,119,000	37,048,000	37,379,000	31,705,000	33,430,000	38,157,000	40,731,000	41,157,000	63,011,000	66,595,000	72,233,000

	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	Dec 2009
Operating Activities
Operating Profit	-1,135,000	1,345,000	243,000	48,000	1,496,000	756,000	7,578,000	435,000	-8,803,000	-4,145,000	-1,505,000	-19,604,000	-5,639,000	-3,118,000	-1,540,000
Depreciation	0	0	0	0	0	0	0	0	0	1,153,000	1,961,000	1,634,000	531,000	3,268,000	5,613,000
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-329,000	-215,000	-147,000	-3,881,000	-709,000	-364,000	-2,378,000	-1,548,000	4,448,000	1,190,000	1,148,000	-3,333,000	334,000	-3,250,000	-754,000
Stock	0	0	0	0	0	-18,000	-1,000	-13,000	32,000	0	0	0	0	0	0
Debtors	1,731,000	-1,182,000	1,757,000	-2,968,000	380,000	-381,000	-24,644,000	27,624,000	-6,322,000	6,660,000	-731,000	-40,620,000	8,728,000	-3,260,000	78,400,000
Creditors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	-177,000	186,000	-259,000	-3,375,000	-64,000	-2,672,000	-32,186,000	35,148,000	2,084,000	868,000	-2,720,000	901,000	-601,000	-6,000	2,924,000
Deferred Taxes & Provisions	1,239,000	-901,000	16,000	-8,145,000	-2,764,000	5,000,000	-702,000	-13,518,000	21,356,000	884,000	-134,000	320,000	1,889,000	-1,550,000	5,583,000
Cash flow from operations	-2,133,000	1,597,000	-1,904,000	-12,385,000	-2,421,000	3,119,000	-3,043,000	-7,094,000	25,375,000	-6,710,000	-519,000	20,538,000	-12,214,000	-1,396,000	-66,574,000
Investing Activities
capital expenditure	0	0	0	4,091,000	691,000	145,000	1,744,000	1,457,000	-8,128,000	3,469,000	4,265,000	155,000	-6,298,000	3,985,000	-19,736,000
Change in Investments	0	0	0	0	0	0	0	0	0	-592,000	-409,000	0	0	1,001,000	0
cash flow from investments	0	0	0	4,091,000	691,000	145,000	1,744,000	1,457,000	-8,128,000	4,061,000	4,674,000	155,000	-6,298,000	2,984,000	-19,736,000
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	205,000	-1,610,000	1,881,000	30,000	0	0	0	0	-2,570,000	2,081,000	-4,209,000	-23,136,000	17,228,000	-1,209,000	11,815,000
Other Short Term Loans	0	0	0	0	0	0	0	0	-92,000	92,000	0	0	0	0	0
Long term loans	0	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	-522,000	-115,000	379,000	524,000	-784,000	-457,000	-95,000	242,000	147,000	-270,000	612,000	374,000	-35,000	73,943,000
interest	1,867,000	522,000	138,000	-299,000	149,000	532,000	437,000	-1,282,000	-621,000	223,000	518,000	1,060,000	1,048,000	765,000	84,000
cash flow from financing	2,072,000	-1,610,000	1,904,000	110,000	673,000	-252,000	-20,000	-1,377,000	-3,041,000	2,543,000	-3,961,000	-21,464,000	18,650,000	-479,000	85,842,000
cash and cash equivalents
cash	-37,000	-13,000	0	-2,000	-64,000	41,000	75,000	-39,000	39,000	-95,000	-123,000	-1,360,000	437,000	1,109,000	32,000
overdraft	24,000	0	0	0	0	0	-70,000	70,000	0	0	0	0	0	0	0
change in cash	-61,000	-13,000	0	-2,000	-64,000	41,000	145,000	-109,000	39,000	-95,000	-123,000	-1,360,000	437,000	1,109,000	32,000

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SPIRIT RESOURCES (ARMADA) LIMITED group structure

Spirit Resources (Armada) Limited has no subsidiary companies.

Ultimate parent company

CENTRICA IRELAND HOLDINGS LIMITED

FC040119

SPIRIT ENERGY LIMITED

10854461

2 parents

SPIRIT RESOURCES (ARMADA) LIMITED

04181384

SPIRIT RESOURCES (ARMADA) LIMITED Shareholders

spirit energy limited

100%

Spirit Resources (Armada) Limited currently has 3 directors. The longest serving directors include Mr Girish Kabra (Aug 2022) and Mr Scott McGinigal (Sep 2023).

officer	country	age	start	end	role
Mr Girish Kabra	Scotland	46 years	Aug 2022	-	Director
Mr Scott McGinigal		53 years	Sep 2023	-	Director
Mr Nicholas Harrison		58 years	Jul 2024	-	Director

P&L

December 2023

turnover

operating profit

-1.1m

-184%

gross margin

null%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

36m

+0.01%

total assets

45.2m

+0.04%

cash

-1%

net assets

Total assets minus all liabilities

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company number

04181384

Type

Private limited with Share Capital

industry

06100 - Extraction of crude petroleum

incorporation date

March 2001

ultimate parent company

CENTRICA IRELAND HOLDINGS LIMITED

previous names

spirit energy resources (armada) limited (December 2017)

centrica resources (armada) limited (December 2017)

address

millstream maidenhead road, windsor, berkshire, SL4 5GD

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spirit resources (armada) limited Company Information

spirit resources (armada) limited Estimated Valuation

spirit resources (armada) limited Estimated Valuation

spirit resources (armada) limited Estimated Valuation

Spirit Resources (armada) Limited Overview

Spirit Resources (armada) Limited Health Check

SPIRIT RESOURCES (ARMADA) LIMITED financials

spirit resources (armada) limited Credit Report and Business Information

Spirit Resources (armada) Limited Competitor Analysis

spirit resources (armada) limited Ownership

spirit resources (armada) limited directors

spirit resources (armada) limited company details

spirit resources (armada) limited Charges & Mortgages

spirit resources (armada) limited Capital Raised & Share Issues BETA

spirit resources (armada) limited Companies House Filings - See Documents