spitfire bespoke homes limited
spitfire bespoke homes limited Company Information
Company Number
04395875
Website
http://improperties.co.ukRegistered Address
the gate international drive, solihull, B90 4WA
Industry
Development of building projects
Telephone
01753868456
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
i m properties plc 100%
spitfire bespoke homes limited Estimated Valuation
Pomanda estimates the enterprise value of SPITFIRE BESPOKE HOMES LIMITED at £81.6m based on a Turnover of £85.1m and 0.96x industry multiple (adjusted for size and gross margin).
spitfire bespoke homes limited Estimated Valuation
Pomanda estimates the enterprise value of SPITFIRE BESPOKE HOMES LIMITED at £0 based on an EBITDA of £-6.4k and a 7.29x industry multiple (adjusted for size and gross margin).
spitfire bespoke homes limited Estimated Valuation
Pomanda estimates the enterprise value of SPITFIRE BESPOKE HOMES LIMITED at £10m based on Net Assets of £6.7m and 1.49x industry multiple (adjusted for liquidity).
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Spitfire Bespoke Homes Limited Overview
Spitfire Bespoke Homes Limited is a live company located in solihull, B90 4WA with a Companies House number of 04395875. It operates in the development of building projects sector, SIC Code 41100. Founded in March 2002, it's largest shareholder is i m properties plc with a 100% stake. Spitfire Bespoke Homes Limited is a mature, large sized company, Pomanda has estimated its turnover at £85.1m with declining growth in recent years.
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Spitfire Bespoke Homes Limited Health Check
Pomanda's financial health check has awarded Spitfire Bespoke Homes Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
3 Strong
0 Regular
8 Weak
Size
annual sales of £85.1m, make it larger than the average company (£2.6m)
£85.1m - Spitfire Bespoke Homes Limited
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (4.6%)
- Spitfire Bespoke Homes Limited
4.6% - Industry AVG
Production
with a gross margin of 19.7%, this company has a higher cost of product (26.2%)
19.7% - Spitfire Bespoke Homes Limited
26.2% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (6.5%)
0% - Spitfire Bespoke Homes Limited
6.5% - Industry AVG
Employees
with 77 employees, this is above the industry average (6)
77 - Spitfire Bespoke Homes Limited
6 - Industry AVG
Pay Structure
on an average salary of £78.3k, the company has a higher pay structure (£49.1k)
£78.3k - Spitfire Bespoke Homes Limited
£49.1k - Industry AVG
Efficiency
resulting in sales per employee of £1.1m, this is more efficient (£312.7k)
£1.1m - Spitfire Bespoke Homes Limited
£312.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Spitfire Bespoke Homes Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (30 days)
21 days - Spitfire Bespoke Homes Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 659 days, this is more than average (170 days)
659 days - Spitfire Bespoke Homes Limited
170 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (11 weeks)
1 weeks - Spitfire Bespoke Homes Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.8%, this is a higher level of debt than the average (74.8%)
94.8% - Spitfire Bespoke Homes Limited
74.8% - Industry AVG
SPITFIRE BESPOKE HOMES LIMITED financials
Spitfire Bespoke Homes Limited's latest turnover from December 2023 is £85.1 million and the company has net assets of £6.7 million. According to their latest financial statements, Spitfire Bespoke Homes Limited has 77 employees and maintains cash reserves of £2.9 million 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 | 85,132,729 | 74,171,132 | 63,473,642 | 85,710,112 | 69,872,972 | 70,605,222 | 85,451,979 | 0 | 0 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 68,404,509 | 60,542,114 | 55,471,641 | 77,731,568 | 62,891,330 | 65,461,545 | 74,214,706 | 0 | 0 | ||||||
| Gross Profit | 16,728,220 | 13,629,018 | 8,002,001 | 7,978,544 | 6,981,642 | 5,143,677 | 11,237,273 | 0 | 0 | ||||||
| Admin Expenses | 16,737,009 | 7,172,125 | 5,920,490 | 4,099,939 | 5,476,077 | 4,397,573 | 4,557,709 | 0 | 0 | ||||||
| Operating Profit | -8,789 | 6,456,893 | 2,081,511 | 3,878,605 | 1,505,565 | 746,104 | 6,679,564 | 0 | 0 | ||||||
| Interest Payable | 4,831,654 | 2,645,632 | 897,450 | 1,449,129 | 2,255,454 | 2,420,942 | 2,376,563 | 6,096,495 | 3,886,204 | ||||||
| Interest Receivable | 9,862 | 61 | 2,016 | 2,248 | 2,914 | 1,394 | 2,086 | 6,096,495 | 3,886,204 | ||||||
| Pre-Tax Profit | -4,830,581 | 3,811,322 | 1,186,077 | 2,431,724 | -348,572 | 1,326,556 | 4,305,087 | 0 | 0 | ||||||
| Tax | 1,129,390 | -740,457 | -224,499 | -452,431 | 115,678 | 304,966 | -772,272 | -904,474 | -786,664 | ||||||
| Profit After Tax | -3,701,191 | 3,070,865 | 961,578 | 1,979,293 | -232,894 | 1,631,522 | 3,532,815 | -904,474 | -786,664 | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Retained Profit | -3,701,191 | 3,070,865 | 961,578 | 1,979,293 | -232,894 | 1,631,522 | 3,532,815 | -904,474 | -786,664 | ||||||
| Employee Costs | 6,027,974 | 5,696,880 | 4,598,471 | 5,354,075 | 7,390,216 | 7,089,996 | 6,235,576 | 0 | |||||||
| Number Of Employees | 77 | 70 | 58 | 76 | 104 | 98 | 82 | 3 | |||||||
| EBITDA* | -6,366 | 6,462,391 | 2,099,628 | 3,907,117 | 1,548,635 | 822,535 | 6,758,564 | 0 | 0 |
* 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 | 23,027 | 0 | 5,498 | 27,115 | 55,627 | 99,745 | 120,562 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 361,350 | 541,350 | 100 | 100 | 226 | 226 | 225 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 384,377 | 541,350 | 5,598 | 27,215 | 55,853 | 99,971 | 120,787 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 123,630,538 | 135,866,535 | 103,199,902 | 68,488,642 | 99,109,522 | 96,222,837 | 86,959,112 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 1,614,788 | 0 | 99,902 | 4,827,299 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 84,030 | 0 | 0 | 2,385,909 | 0 | 58,411,108 | 48,036,518 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,034,514 | 1,755,364 | 1,232,795 | 1,241,839 | 1,562,869 | 1,838,513 | 3,069,098 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 2,877,680 | 28,608,195 | 11,880,919 | 35,824,641 | 14,625,724 | 20,098,107 | 367,914 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 128,542,732 | 166,230,094 | 116,397,646 | 107,169,910 | 115,298,115 | 120,645,268 | 95,223,423 | 58,411,108 | 48,036,518 | 0 | 0 | 0 | 0 | 0 | 0 |
| total assets | 128,927,109 | 166,771,444 | 116,403,244 | 107,197,125 | 115,353,968 | 120,745,239 | 95,344,210 | 58,411,108 | 48,036,518 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 4,050,776 | 4,438,272 | 2,257,420 | 2,632,822 | 2,677,892 | 4,521,022 | 3,068,109 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 57,415,551 | 47,828,131 | 47,641,985 | 47,598,263 | 46,776,407 | 84,955,729 | 50,406,544 | 58,411,399 | 47,249,853 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 16,735,743 | 41,078,811 | 43,148,474 | 7,572,253 | 7,485,175 | 2,051,325 | 2,413,149 | 117,518 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 78,202,070 | 93,345,214 | 93,047,879 | 57,803,338 | 56,939,474 | 91,528,076 | 55,887,802 | 58,528,917 | 47,249,853 | 0 | 0 | 0 | 0 | 0 | 0 |
| loans | 44,000,000 | 63,000,000 | 16,000,000 | 43,000,000 | 54,000,000 | 24,569,776 | 36,440,543 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 44,000,000 | 63,000,000 | 16,000,000 | 43,000,000 | 54,000,000 | 24,569,776 | 36,440,543 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 122,202,070 | 156,345,214 | 109,047,879 | 100,803,338 | 110,939,474 | 116,097,852 | 92,328,345 | 58,528,917 | 47,249,853 | 0 | 0 | 0 | 0 | 0 | 0 |
| net assets | 6,725,039 | 10,426,230 | 7,355,365 | 6,393,787 | 4,414,494 | 4,647,387 | 3,015,865 | -117,809 | 786,665 | 0 | 0 | 0 | 0 | 0 | 0 |
| total shareholders funds | 6,725,039 | 10,426,230 | 7,355,365 | 6,393,787 | 4,414,494 | 4,647,387 | 3,015,865 | -117,809 | 786,665 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | -8,789 | 6,456,893 | 2,081,511 | 3,878,605 | 1,505,565 | 746,104 | 6,679,564 | 0 | 0 | ||||||
| Depreciation | 2,423 | 5,498 | 18,117 | 28,512 | 43,070 | 76,431 | 79,000 | 0 | 0 | ||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Tax | 1,129,390 | -740,457 | -224,499 | -452,431 | 115,678 | 304,966 | -772,272 | -904,474 | -786,664 | ||||||
| Stock | -12,235,997 | 32,666,633 | 34,711,260 | -30,620,880 | 2,886,685 | 9,263,725 | 86,959,112 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 279,150 | 438,539 | -1,539,802 | 1,293,758 | -2,761,455 | -3,572,073 | -50,514,711 | 10,374,590 | 48,036,518 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | -387,496 | 2,180,852 | -375,402 | -45,070 | -1,843,130 | 1,452,913 | 3,068,109 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -24,343,068 | -2,069,663 | 35,576,221 | 87,078 | 5,433,850 | -361,824 | 2,295,631 | 117,518 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -11,650,693 | -27,272,049 | 3,904,490 | 32,823,816 | 5,129,803 | -3,473,062 | -25,094,369 | -11,161,546 | -48,823,182 | ||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -180,000 | 541,250 | 0 | -126 | 0 | 1 | 225 | 0 | 0 | 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 | 0 |
| Group/Directors Accounts | 9,587,420 | 186,146 | 43,722 | 821,856 | -38,179,322 | 34,549,185 | -8,004,855 | 11,161,546 | 47,249,853 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -19,000,000 | 47,000,000 | -27,000,000 | -11,000,000 | 29,430,224 | -11,870,767 | 36,440,543 | 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 | |||||||||||||||
| interest | -4,821,792 | -2,645,571 | -895,434 | -1,446,881 | -2,252,540 | -2,419,548 | -2,374,477 | 0 | 0 | ||||||
| cash flow from financing | -14,234,372 | 44,540,575 | -27,851,712 | -11,625,025 | -11,001,637 | 20,258,870 | 25,662,070 | 11,161,546 | 48,823,182 | ||||||
| cash and cash equivalents | |||||||||||||||
| cash | -25,730,515 | 16,727,276 | -23,943,722 | 21,198,917 | -5,472,383 | 19,730,193 | 367,914 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -25,730,515 | 16,727,276 | -23,943,722 | 21,198,917 | -5,472,383 | 19,730,193 | 367,914 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
spitfire bespoke homes limited Credit Report and Business Information
Spitfire Bespoke Homes Limited Competitor Analysis
Perform a competitor analysis for spitfire bespoke homes limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in B90 area or any other competitors across 12 key performance metrics.
spitfire bespoke homes limited Ownership
SPITFIRE BESPOKE HOMES LIMITED group structure
Spitfire Bespoke Homes Limited has 2 subsidiary companies.
Ultimate parent company
IMG UK HOLDINGS LTD
#0159418
2 parents
SPITFIRE BESPOKE HOMES LIMITED
04395875
2 subsidiaries
spitfire bespoke homes limited directors
Spitfire Bespoke Homes Limited currently has 4 directors. The longest serving directors include Mr Gary Hutton (Nov 2009) and Mr Timothy Wooldridge (Jun 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gary Hutton | 65 years | Nov 2009 | - | Director | |
| Mr Timothy Wooldridge | England | 51 years | Jun 2010 | - | Director |
| Mr Adrian Clarke | England | 50 years | Jan 2011 | - | Director |
| Mr John Cox | United Kingdom | 63 years | Sep 2023 | - | Director |
P&L
December 2023turnover
85.1m
+15%
operating profit
-8.8k
-100%
gross margin
19.7%
+6.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
6.7m
-0.35%
total assets
128.9m
-0.23%
cash
2.9m
-0.9%
net assets
Total assets minus all liabilities
Similar Companies
spitfire bespoke homes limited company details
company number
04395875
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
March 2002
age
22
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
i.m. properties (new homes) limited (November 2016)
i.m. properties (brighton 1) limited (September 2011)
accountant
-
auditor
COOPER PARRY GROUP LIMITED
address
the gate international drive, solihull, B90 4WA
Bank
-
Legal Advisor
-
spitfire bespoke homes 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 9 charges/mortgages relating to spitfire bespoke homes limited. Currently there are 8 open charges and 1 have been satisfied in the past.
spitfire bespoke homes limited Companies House Filings - See Documents
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