spray engineering limited
spray engineering limited Company Information
Company Number
04618442
Next Accounts
Dec 2025
Shareholders
david owens
ewan maclean
Group Structure
View All
Industry
Wholesale of other machinery and equipment
Registered Address
1 parkview court, st. pauls road, shipley, west yorkshire, BD18 3DZ
Website
www.spraysafetyshowers.comspray engineering limited Estimated Valuation
Pomanda estimates the enterprise value of SPRAY ENGINEERING LIMITED at £120.2k based on a Turnover of £307.3k and 0.39x industry multiple (adjusted for size and gross margin).
spray engineering limited Estimated Valuation
Pomanda estimates the enterprise value of SPRAY ENGINEERING LIMITED at £161k based on an EBITDA of £40.3k and a 3.99x industry multiple (adjusted for size and gross margin).
spray engineering limited Estimated Valuation
Pomanda estimates the enterprise value of SPRAY ENGINEERING LIMITED at £147.5k based on Net Assets of £64k and 2.3x industry multiple (adjusted for liquidity).
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Spray Engineering Limited Overview
Spray Engineering Limited is a live company located in shipley, BD18 3DZ with a Companies House number of 04618442. It operates in the wholesale of other machinery and equipment sector, SIC Code 46690. Founded in December 2002, it's largest shareholder is david owens with a 71.3% stake. Spray Engineering Limited is a mature, micro sized company, Pomanda has estimated its turnover at £307.3k with declining growth in recent years.
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Spray Engineering Limited Health Check
Pomanda's financial health check has awarded Spray Engineering Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £307.3k, make it smaller than the average company (£16.2m)
- Spray Engineering Limited
£16.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (10.2%)
- Spray Engineering Limited
10.2% - Industry AVG
Production
with a gross margin of 28.8%, this company has a comparable cost of product (28.8%)
- Spray Engineering Limited
28.8% - Industry AVG
Profitability
an operating margin of 8.6% make it more profitable than the average company (5.4%)
- Spray Engineering Limited
5.4% - Industry AVG
Employees
with 2 employees, this is below the industry average (38)
2 - Spray Engineering Limited
38 - Industry AVG
Pay Structure
on an average salary of £51.7k, the company has an equivalent pay structure (£51.7k)
- Spray Engineering Limited
£51.7k - Industry AVG
Efficiency
resulting in sales per employee of £153.7k, this is less efficient (£365.6k)
- Spray Engineering Limited
£365.6k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is earlier than average (62 days)
- Spray Engineering Limited
62 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Spray Engineering Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (68 days)
- Spray Engineering Limited
68 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 55 weeks, this is more cash available to meet short term requirements (15 weeks)
55 weeks - Spray Engineering Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30.6%, this is a lower level of debt than the average (54.6%)
30.6% - Spray Engineering Limited
54.6% - Industry AVG
SPRAY ENGINEERING LIMITED financials
Spray Engineering Limited's latest turnover from March 2024 is estimated at £307.3 thousand and the company has net assets of £64 thousand. According to their latest financial statements, Spray Engineering Limited has 2 employees and maintains cash reserves of £5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | 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 | 2 | 2 | 2 | 2 | 3 | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,486 | 5,666 | 8,877 | 1,600 | 1,882 | 2,214 | 2,605 | 3,065 | 3,606 | 4,242 | 4,990 | 5,871 | 6,907 | 6,659 | 360 |
| Intangible Assets | 50,720 | 34,503 | 30,416 | 1,817 | 644 | 1,291 | 1,938 | 2,585 | 3,232 | 3,879 | 4,526 | 5,173 | 5,820 | ||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 53,206 | 40,169 | 39,293 | 3,417 | 2,526 | 3,505 | 4,543 | 5,650 | 6,838 | 8,121 | 9,516 | 11,044 | 12,727 | 6,659 | 360 |
| Stock & work in progress | 250 | 100 | 5,450 | 3,250 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 4,500 | 500 | 947 | 6,526 |
| Trade Debtors | 33,684 | 29,939 | 28,634 | 1,527 | 8,797 | 11,619 | 2,237 | 1,000 | |||||||
| Group Debtors | |||||||||||||||
| Misc Debtors | 6,298 | ||||||||||||||
| Cash | 5,012 | 15,865 | 3,590 | 50,957 | 11 | 27 | 19 | 25 | 7 | 62 | 2,261 | 2,861 | 398 | 747 | 2,255 |
| misc current assets | |||||||||||||||
| total current assets | 38,946 | 45,904 | 37,674 | 54,207 | 5,011 | 5,027 | 5,019 | 5,025 | 5,007 | 12,887 | 16,058 | 18,980 | 898 | 3,931 | 9,781 |
| total assets | 92,152 | 86,073 | 76,967 | 57,624 | 7,537 | 8,532 | 9,562 | 10,675 | 11,845 | 21,008 | 25,574 | 30,024 | 13,625 | 10,590 | 10,141 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 277 | 1,837 | 3,769 | 15,500 | 10,213 | 6,685 | |||||||||
| Group/Directors Accounts | 1,618 | ||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 4,738 | 6,598 | 6,099 | 9,720 | 850 | 850 | 825 | 825 | 800 | 762 | |||||
| total current liabilities | 4,738 | 6,598 | 6,099 | 11,338 | 850 | 850 | 825 | 825 | 800 | 1,039 | 1,837 | 3,769 | 15,500 | 10,213 | 6,685 |
| loans | 23,412 | 33,383 | 43,553 | 50,000 | 35,573 | 34,835 | 33,799 | 32,789 | 31,788 | 38,446 | |||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 39,260 | 34,693 | |||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 23,412 | 33,383 | 43,553 | 50,000 | 35,573 | 34,835 | 33,799 | 32,789 | 31,788 | 38,446 | 39,260 | 34,693 | |||
| total liabilities | 28,150 | 39,981 | 49,652 | 61,338 | 36,423 | 35,685 | 34,624 | 33,614 | 32,588 | 39,485 | 41,097 | 38,462 | 15,500 | 10,213 | 6,685 |
| net assets | 64,002 | 46,092 | 27,315 | -3,714 | -28,886 | -27,153 | -25,062 | -22,939 | -20,743 | -18,477 | -15,523 | -8,438 | -1,875 | 377 | 3,456 |
| total shareholders funds | 64,002 | 46,092 | 27,315 | -3,714 | -28,886 | -27,153 | -25,062 | -22,939 | -20,743 | -18,477 | -15,523 | -8,438 | -1,875 | 377 | 3,456 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 3,180 | 3,211 | 1,743 | 282 | 332 | 391 | 460 | 541 | 636 | 748 | 881 | 1,036 | 1,219 | 120 | 120 |
| Amortisation | 10,642 | 8,187 | 3,850 | 846 | 647 | 647 | 647 | 647 | 647 | 647 | 647 | 647 | 647 | ||
| Tax | |||||||||||||||
| Stock | 150 | -5,350 | 2,200 | -1,750 | 500 | 4,000 | -447 | 947 | 6,526 | ||||||
| Debtors | 3,745 | 1,305 | 28,634 | -7,825 | -972 | -2,822 | 11,619 | -2,237 | 2,237 | 1,000 | |||||
| Creditors | -277 | -1,560 | -1,932 | -11,731 | 5,287 | 10,213 | 6,685 | ||||||||
| Accruals and Deferred Income | -1,860 | 499 | -3,621 | 8,870 | 25 | 25 | 38 | 762 | |||||||
| 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 | -1,618 | 1,618 | |||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -9,971 | -10,170 | -6,447 | 14,427 | 738 | 1,036 | 1,010 | 1,001 | -6,658 | 38,446 | |||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -39,260 | 4,567 | 34,693 | ||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -10,853 | 12,275 | -47,367 | 50,946 | -16 | 8 | -6 | 18 | -55 | -2,199 | -600 | 2,463 | -349 | 747 | 2,255 |
| overdraft | |||||||||||||||
| change in cash | -10,853 | 12,275 | -47,367 | 50,946 | -16 | 8 | -6 | 18 | -55 | -2,199 | -600 | 2,463 | -349 | 747 | 2,255 |
spray engineering limited Credit Report and Business Information
Spray Engineering Limited Competitor Analysis
Perform a competitor analysis for spray engineering 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 BD18 area or any other competitors across 12 key performance metrics.
spray engineering limited Ownership
SPRAY ENGINEERING LIMITED group structure
Spray Engineering Limited has no subsidiary companies.
Ultimate parent company
1 parent
SPRAY ENGINEERING LIMITED
04618442
spray engineering limited directors
Spray Engineering Limited currently has 2 directors. The longest serving directors include Mr Ewan MacLean (Apr 2011) and Mr David Owens (Apr 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ewan MacLean | 63 years | Apr 2011 | - | Director | |
| Mr David Owens | England | 52 years | Apr 2011 | - | Director |
P&L
March 2024turnover
307.3k
+4%
operating profit
26.5k
0%
gross margin
28.8%
+0.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
64k
+0.39%
total assets
92.2k
+0.07%
cash
5k
-0.68%
net assets
Total assets minus all liabilities
Similar Companies
spray engineering limited company details
company number
04618442
Type
Private limited with Share Capital
industry
46690 - Wholesale of other machinery and equipment
incorporation date
December 2002
age
23
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
MCLEAN & COMPANY
auditor
-
address
1 parkview court, st. pauls road, shipley, west yorkshire, BD18 3DZ
Bank
-
Legal Advisor
-
spray engineering 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 did not find charges/mortgages relating to spray engineering limited.
spray engineering 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.
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spray engineering limited Companies House Filings - See Documents
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