Spinaclean Ltd

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spinaclean ltd Company Information

Company Number

04506121

Next Accounts

Sep 2025

Directors

Andrew Whiting

Mark Nice

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Shareholders

sorb industri ab

mark andrew nice

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Group Structure

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Industry

Retail sale of audio and video equipment in specialised stores

Registered Address

3rd floor 1 ashley road, altrincham, cheshire, WA14 2DT

Website

www.spinaclean.com

spinaclean ltd Estimated Valuation

£14.7m

Pomanda estimates the enterprise value of SPINACLEAN LTD at £14.7m based on Net Assets of £6.3m and 2.33x industry multiple (adjusted for liquidity).

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Spinaclean Ltd is a live company located in cheshire, WA14 2DT with a Companies House number of 04506121. It operates in the wholesale of electronic and telecommunications equipment and parts sector, SIC Code 46520. Founded in August 2002, it's largest shareholder is sorb industri ab with a 90% stake. Spinaclean Ltd is a mature, small sized company, Pomanda has estimated its turnover at £5m with high growth in recent years.

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Pomanda's financial health check has awarded Spinaclean Ltd a 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 Rating5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £5m, make it smaller than the average company (£9.5m)

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (6.6%)

EXPORT

Spinaclean Ltd's latest turnover from December 2023 is estimated at £5 million and the company has net assets of £6.3 million. According to their latest financial statements, Spinaclean Ltd has 24 employees and maintains cash reserves of £4.9 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	4,996,979	4,525,072	3,781,776	2,627,110	2,209,391	1,488,002	1,633,533	943,022	654,175	618,330	591,618	283,208	242,934	363,893
Other Income Or Grants
Cost Of Sales	3,691,473	3,260,616	2,758,488	1,939,799	1,630,747	1,094,217	1,183,270	678,259	469,412	445,695	433,836	211,523	173,003	257,132
Gross Profit	1,305,505	1,264,456	1,023,288	687,311	578,643	393,785	450,264	264,763	184,763	172,635	157,782	71,685	69,931	106,760
Admin Expenses	-116,337	-967,372	745,427	-106,620	-492,069	-28,867	250,947	-209,349	-206,439	38,966	32,796	52,206	85,924	87,529	-17,107
Operating Profit	1,421,842	2,231,828	277,861	793,931	1,070,712	422,652	199,317	474,112	391,202	133,669	124,986	19,479	-15,993	19,231	17,107
Interest Payable
Interest Receivable	234,287	109,462	5,253	1,720	9,347	6,254	1,789	1,473	1,473	798	425	207	136	108	68
Pre-Tax Profit	1,656,129	2,341,290	283,114	795,651	1,080,059	428,906	201,106	475,585	392,675	134,467	125,410	19,686	-15,857	19,339	17,175
Tax	-414,032	-444,845	-53,792	-151,174	-205,211	-81,492	-38,210	-95,117	-78,535	-28,238	-28,844	-4,725		-5,415	-4,809
Profit After Tax	1,242,097	1,896,445	229,322	644,477	874,848	347,414	162,896	380,468	314,140	106,229	96,566	14,961	-15,857	13,924	12,366
Dividends Paid
Retained Profit	1,242,097	1,896,445	229,322	644,477	874,848	347,414	162,896	380,468	314,140	106,229	96,566	14,961	-15,857	13,924	12,366
Employee Costs	1,177,259	933,395	880,866	705,171	562,952	418,155	331,069	236,984	105,385	101,856	98,023	34,179	64,771	60,899
Number Of Employees	24	22	21	19	15	11	9	6	3	3	3	1	2	2
EBITDA*	1,465,138	2,268,453	297,538	833,772	1,113,808	446,645	214,090	501,169	391,707	141,049	133,310	19,931	-15,196	20,109	18,073

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	112,315	115,785	42,451	111,116	149,798	91,589	66,368	79,734	94,498	25,814	30,068	1,248	700	762	1,032
Intangible Assets	14,078	15,838	15,338
Investments & Other			3,513	115,114	127,426	123,176	119,725	101,551	101,167	1,116
Debtors (Due After 1 year)
Total Fixed Assets	126,393	131,623	61,302	226,230	277,224	214,765	186,093	181,285	195,665	26,930	30,068	1,248	700	762	1,032
Stock & work in progress	949,194	723,962	765,569	455,810	449,458	353,758	341,559	210,794	150,596	113,323	57,272	15,378	11,199
Trade Debtors	696,163	626,501	438,178	395,282	366,446	116,672	179,521	49,865	81,983	36,807	55,572	27,558	27,426	43,884	11,576
Group Debtors
Misc Debtors	174,502	282,816	347,837	642,019	212,348	98,084	51,674	44,211	3,792
Cash	4,905,580	4,019,635	2,235,359	1,967,067	1,473,065	1,019,537	648,177	782,823	395,623	193,388	125,675	44,269	38,470	15,979	27,180
misc current assets
total current assets	6,725,439	5,652,914	3,786,943	3,460,178	2,501,317	1,588,051	1,220,931	1,087,693	631,994	343,518	238,519	87,205	77,095	59,863	38,756
total assets	6,851,832	5,784,537	3,848,245	3,686,408	2,778,541	1,802,816	1,407,024	1,268,978	827,659	370,448	268,587	88,453	77,795	60,625	39,788
Bank overdraft
Bank loan
Trade Creditors	101,323	91,935	207,317	69,657	71,893	101,415	159,028	150,143	52,003	136,060	131,162	62,059	66,363	33,336	26,147
Group/Directors Accounts						1,943	935	808	27,554						276
other short term finances
hp & lease commitments									7,018
other current liabilities	417,516	593,026	458,174	640,993	370,535	239,631	138,933	189,233	145,217
total current liabilities	518,839	684,961	665,491	710,650	442,428	342,989	298,896	340,184	231,792	136,060	131,162	62,059	66,363	33,336	26,423
loans
hp & lease commitments									46,006		8,729
Accruals and Deferred Income
other liabilities
provisions	11,697	20,377			4,832	3,395	2,561	4,297	6,216	4,935	5,736
total long term liabilities	11,697	20,377			4,832	3,395	2,561	4,297	52,222	4,935	14,465
total liabilities	530,536	705,338	665,491	710,650	447,260	346,384	301,457	344,481	284,014	140,995	145,627	62,059	66,363	33,336	26,423
net assets	6,321,296	5,079,199	3,182,754	2,975,758	2,331,281	1,456,432	1,105,567	924,497	543,645	229,453	122,960	26,394	11,432	27,289	13,365
total shareholders funds	6,321,296	5,079,199	3,182,754	2,975,758	2,331,281	1,456,432	1,105,567	924,497	543,645	229,453	122,960	26,394	11,432	27,289	13,365

	Dec 2023	Dec 2022	Dec 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	1,421,842	2,231,828	277,861	793,931	1,070,712	422,652	199,317	474,112	391,202	133,669	124,986	19,479	-15,993	19,231	17,107
Depreciation	41,536	34,865	19,677	39,841	43,096	23,993	14,773	27,057	505	7,380	8,324	452	797	878	966
Amortisation	1,760	1,760
Tax	-414,032	-444,845	-53,792	-151,174	-205,211	-81,492	-38,210	-95,117	-78,535	-28,238	-28,844	-4,725		-5,415	-4,809
Stock	225,232	-41,607	309,759	6,352	95,700	12,199	130,765	60,198	37,273	56,051	41,894	4,179	11,199
Debtors	-38,652	123,302	-251,286	458,507	364,038	-16,439	137,119	8,301	48,968	-18,765	28,014	132	-16,458	32,308	11,576
Creditors	9,388	-115,382	137,660	-2,236	-29,522	-57,613	8,885	98,140	-84,057	4,898	69,103	-4,304	33,027	7,189	26,147
Accruals and Deferred Income	-175,510	134,852	-182,819	270,458	130,904	100,698	-50,300	44,016	145,217
Deferred Taxes & Provisions	-8,680	20,377		-4,832	1,437	834	-1,736	-1,919	1,281	-801	5,736
Cash flow from operations	689,724	1,781,760	140,114	481,129	551,678	413,312	-135,155	477,790	289,372	79,622	109,397	6,591	23,090	-10,425	27,835
Investing Activities
capital expenditure	-38,066	-110,459	33,650	-1,159	-101,305	-49,214	-1,407	-12,293	-69,189	-3,126	-37,144	-1,000	-735	-608	-1,998
Change in Investments		-3,513	-111,601	-12,312	4,250	3,451	18,174	384	100,051	1,116
cash flow from investments	-38,066	-106,946	145,251	11,153	-105,555	-52,665	-19,581	-12,677	-169,240	-4,242	-37,144	-1,000	-735	-608	-1,998
Financing Activities
Bank loans
Group/Directors Accounts					-1,943	1,008	127	-26,746	27,554					-276	276
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments								-53,024	53,024	-8,729	8,729
other long term liabilities
share issue			-22,326		1	3,451	18,174	384	52	264		1			999
interest	234,287	109,462	5,253	1,720	9,347	6,254	1,789	1,473	1,473	798	425	207	136	108	68
cash flow from financing	234,287	109,462	-17,073	1,720	7,405	10,713	20,090	-77,913	82,103	-7,667	9,154	208	136	-168	1,343
cash and cash equivalents
cash	885,945	1,784,276	268,292	494,002	453,528	371,360	-134,646	387,200	202,235	67,713	81,406	5,799	22,491	-11,201	27,180
overdraft
change in cash	885,945	1,784,276	268,292	494,002	453,528	371,360	-134,646	387,200	202,235	67,713	81,406	5,799	22,491	-11,201	27,180

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for spinaclean ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in WA14 area or any other competitors across 12 key performance metrics.

SPINACLEAN LTD group structure

Spinaclean Ltd has 2 subsidiary companies.

Ultimate parent company

SORB INDUSTRI AB

#0122161

1 parent

SPINACLEAN LTD

04506121

2 subsidiaries

SKYVAC LTD

09039303

JET STREAM DRIVE CLEAN LIMITED

07726168

SPINACLEAN LTD Shareholders

sorb industri ab	90%
mark andrew nice	5%
andrew david whiting	5%

Spinaclean Ltd currently has 5 directors. The longest serving directors include Mr Andrew Whiting (Aug 2002) and Mr Mark Nice (Sep 2011).

officer	country	age	start	end	role
Mr Andrew Whiting	United Kingdom	63 years	Aug 2002	-	Director
Mr Mark Nice	England	62 years	Sep 2011	-	Director
Mr Caroline Whiting	England	60 years	Nov 2019	-	Director
Mr Martin Linder	Sweden	53 years	Apr 2021	-	Director
Ms Lorna Mendelsohn		45 years	Apr 2021	-	Director

P&L

December 2023

turnover

+10%

operating profit

1.4m

gross margin

26.2%

-6.5%

turnover

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

Balance Sheet

December 2023

net assets

6.3m

+0.24%

total assets

6.9m

+0.18%

cash

4.9m

+0.22%

net assets

Total assets minus all liabilities

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company number

04506121

Type

Private limited with Share Capital

industry

47430 - Retail sale of audio and video equipment in specialised stores

46520 - Wholesale of electronic and telecommunications equipment and parts

incorporation date

August 2002

ultimate parent company

SORB INDUSTRI AB

previous names

compass products limited (April 2005)

address

3rd floor 1 ashley road, altrincham, cheshire, WA14 2DT

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spinaclean ltd Company Information

spinaclean ltd Estimated Valuation

spinaclean ltd Estimated Valuation

spinaclean ltd Estimated Valuation

Spinaclean Ltd Overview

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SPINACLEAN LTD financials

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