springclear limited
springclear limited Company Information
Company Number
04434485
Next Accounts
371 days late
Shareholders
waterlogic gb limited
Group Structure
View All
Industry
Agents specialised in the sale of other particular products
Registered Address
fourth floor abbots house, abbey street, reading, berkshire, RG1 3BD
Website
http://spring-clear.co.ukspringclear limited Estimated Valuation
Pomanda estimates the enterprise value of SPRINGCLEAR LIMITED at £99.1k based on a Turnover of £287.6k and 0.34x industry multiple (adjusted for size and gross margin).
springclear limited Estimated Valuation
Pomanda estimates the enterprise value of SPRINGCLEAR LIMITED at £149.7k based on an EBITDA of £51.9k and a 2.88x industry multiple (adjusted for size and gross margin).
springclear limited Estimated Valuation
Pomanda estimates the enterprise value of SPRINGCLEAR LIMITED at £109.5k based on Net Assets of £85.7k and 1.28x industry multiple (adjusted for liquidity).
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Springclear Limited Overview
Springclear Limited is a live company located in reading, RG1 3BD with a Companies House number of 04434485. It operates in the agents specialized in the sale of other particular products sector, SIC Code 46180. Founded in May 2002, it's largest shareholder is waterlogic gb limited with a 100% stake. Springclear Limited is a mature, micro sized company, Pomanda has estimated its turnover at £287.6k with healthy growth in recent years.
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Springclear Limited Health Check
Pomanda's financial health check has awarded Springclear Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
7 Weak
Size
annual sales of £287.6k, make it smaller than the average company (£6m)
- Springclear Limited
£6m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (3.3%)
- Springclear Limited
3.3% - Industry AVG
Production
with a gross margin of 16.8%, this company has a higher cost of product (29%)
- Springclear Limited
29% - Industry AVG
Profitability
an operating margin of 18.1% make it more profitable than the average company (5.6%)
- Springclear Limited
5.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (12)
2 - Springclear Limited
12 - Industry AVG
Pay Structure
on an average salary of £54.5k, the company has an equivalent pay structure (£54.5k)
- Springclear Limited
£54.5k - Industry AVG
Efficiency
resulting in sales per employee of £143.8k, this is less efficient (£364k)
- Springclear Limited
£364k - Industry AVG
Debtor Days
it gets paid by customers after 94 days, this is later than average (53 days)
- Springclear Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 39 days, this is slower than average (28 days)
- Springclear Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Springclear Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (20 weeks)
2 weeks - Springclear Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.8%, this is a higher level of debt than the average (53.8%)
64.8% - Springclear Limited
53.8% - Industry AVG
SPRINGCLEAR LIMITED financials
Springclear Limited's latest turnover from May 2022 is estimated at £287.6 thousand and the company has net assets of £85.7 thousand. According to their latest financial statements, Springclear Limited has 2 employees and maintains cash reserves of £7.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 3 | 3 | 3 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 366 | 478 | 631 | 811 | 1,082 | 1,444 | 1,928 | 2,572 | 3,432 | 4,577 | 1,337 | 1,782 | |
| Intangible Assets | |||||||||||||
| Investments & Other | |||||||||||||
| Debtors (Due After 1 year) | |||||||||||||
| Total Fixed Assets | 366 | 478 | 631 | 811 | 1,082 | 1,444 | 1,928 | 2,572 | 3,432 | 4,577 | 1,337 | 1,782 | |
| Stock & work in progress | 69,185 | 31,250 | 25,000 | 24,200 | 39,200 | 24,200 | 23,300 | 21,000 | |||||
| Trade Debtors | 74,132 | 24,124 | 107,278 | 41,284 | 25,235 | 53,008 | 13,632 | 4,335 | |||||
| Group Debtors | 161,837 | ||||||||||||
| Misc Debtors | |||||||||||||
| Cash | 7,539 | 61,932 | 24,079 | 22,708 | 17,081 | 11,862 | 9,437 | 13,277 | 12,793 | ||||
| misc current assets | |||||||||||||
| total current assets | 243,508 | 155,241 | 107,278 | 41,284 | 25,235 | 53,008 | 55,329 | 47,708 | 41,281 | 51,062 | 33,637 | 50,209 | 38,128 |
| total assets | 243,508 | 155,607 | 107,756 | 41,915 | 26,046 | 54,090 | 56,773 | 49,636 | 43,853 | 54,494 | 38,214 | 51,546 | 39,910 |
| Bank overdraft | |||||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 25,808 | 36,527 | 68,604 | 41,672 | 19,235 | 49,617 | 54,181 | 46,631 | 42,891 | 44,315 | 37,250 | 51,427 | 38,252 |
| Group/Directors Accounts | 112,604 | 21,011 | |||||||||||
| other short term finances | |||||||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | 19,400 | 54,730 | |||||||||||
| total current liabilities | 157,812 | 112,268 | 68,604 | 41,672 | 19,235 | 49,617 | 54,181 | 46,631 | 42,891 | 44,315 | 37,250 | 51,427 | 38,252 |
| loans | |||||||||||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | |||||||||||||
| provisions | |||||||||||||
| total long term liabilities | |||||||||||||
| total liabilities | 157,812 | 112,268 | 68,604 | 41,672 | 19,235 | 49,617 | 54,181 | 46,631 | 42,891 | 44,315 | 37,250 | 51,427 | 38,252 |
| net assets | 85,696 | 43,339 | 39,152 | 243 | 6,811 | 4,473 | 2,592 | 3,005 | 962 | 10,179 | 964 | 119 | 1,658 |
| total shareholders funds | 85,696 | 43,339 | 39,152 | 243 | 6,811 | 4,473 | 2,592 | 3,005 | 962 | 10,179 | 964 | 119 | 1,658 |
| May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 484 | 644 | 860 | 1,145 | 1,527 | 445 | 595 | ||||||
| Amortisation | |||||||||||||
| Tax | |||||||||||||
| Stock | -69,185 | 69,185 | -31,250 | 6,250 | 800 | -15,000 | 15,000 | 900 | 2,300 | 21,000 | |||
| Debtors | 211,845 | -83,154 | 65,994 | 16,049 | -27,773 | 53,008 | -13,632 | 9,297 | 4,335 | ||||
| Creditors | -10,719 | -32,077 | 26,932 | 22,437 | -30,382 | -4,564 | 7,550 | 3,740 | -1,424 | 7,065 | -14,177 | 13,175 | 38,252 |
| Accruals and Deferred Income | -35,330 | 54,730 | |||||||||||
| Deferred Taxes & Provisions | |||||||||||||
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | |||||||||||||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | 91,593 | 21,011 | |||||||||||
| Other Short Term Loans | |||||||||||||
| Long term loans | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | |||||||||||||
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | -54,393 | 61,932 | -24,079 | 1,371 | 5,627 | 5,219 | 2,425 | -3,840 | 484 | 12,793 | |||
| overdraft | |||||||||||||
| change in cash | -54,393 | 61,932 | -24,079 | 1,371 | 5,627 | 5,219 | 2,425 | -3,840 | 484 | 12,793 |
springclear limited Credit Report and Business Information
Springclear Limited Competitor Analysis
Perform a competitor analysis for springclear limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in RG1 area or any other competitors across 12 key performance metrics.
springclear limited Ownership
SPRINGCLEAR LIMITED group structure
Springclear Limited has no subsidiary companies.
Ultimate parent company
OSMOSIS INTERMEDIATE LP
#0172208
2 parents
SPRINGCLEAR LIMITED
04434485
springclear limited directors
Springclear Limited currently has 3 directors. The longest serving directors include Mr David Parkes (Sep 2021) and Mr Jamie Kent (Nov 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Parkes | England | 57 years | Sep 2021 | - | Director |
| Mr Jamie Kent | England | 40 years | Nov 2022 | - | Director |
| Mr Simon Boyd | United Kingdom | 65 years | Nov 2022 | - | Director |
P&L
May 2022turnover
287.6k
+73%
operating profit
51.9k
0%
gross margin
16.8%
+1.53%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2022net assets
85.7k
+0.98%
total assets
243.5k
+0.56%
cash
7.5k
-0.88%
net assets
Total assets minus all liabilities
springclear limited company details
company number
04434485
Type
Private limited with Share Capital
industry
46180 - Agents specialised in the sale of other particular products
incorporation date
May 2002
age
23
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
May 2022
previous names
the sink shop limited (December 2012)
accountant
-
auditor
-
address
fourth floor abbots house, abbey street, reading, berkshire, RG1 3BD
Bank
-
Legal Advisor
-
springclear 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 1 charges/mortgages relating to springclear limited. Currently there are 1 open charges and 0 have been satisfied in the past.
springclear 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 SPRINGCLEAR LIMITED. This can take several minutes, an email will notify you when this has completed.
springclear limited Companies House Filings - See Documents
| date | description | view/download |
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