spectralworks ltd
spectralworks ltd Company Information
Company Number
05013804
Website
www.spectralworks.comRegistered Address
the heath business & technical p, the heath business & technical p, runcorn, cheshire, WA7 4EB
Industry
Business and domestic software development
Telephone
01613272143
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
john moncur 30.1%
stephen james roberts 29.1%
View Allspectralworks ltd Estimated Valuation
Pomanda estimates the enterprise value of SPECTRALWORKS LTD at £509.9k based on a Turnover of £778.8k and 0.65x industry multiple (adjusted for size and gross margin).
spectralworks ltd Estimated Valuation
Pomanda estimates the enterprise value of SPECTRALWORKS LTD at £112.6k based on an EBITDA of £24.8k and a 4.54x industry multiple (adjusted for size and gross margin).
spectralworks ltd Estimated Valuation
Pomanda estimates the enterprise value of SPECTRALWORKS LTD at £710k based on Net Assets of £307k and 2.31x industry multiple (adjusted for liquidity).
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Spectralworks Ltd Overview
Spectralworks Ltd is a live company located in runcorn, WA7 4EB with a Companies House number of 05013804. It operates in the business and domestic software development sector, SIC Code 62012. Founded in January 2004, it's largest shareholder is john moncur with a 30.1% stake. Spectralworks Ltd is a mature, small sized company, Pomanda has estimated its turnover at £778.8k with high growth in recent years.
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Spectralworks Ltd Health Check
Pomanda's financial health check has awarded Spectralworks Ltd a 4 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
4 Strong
2 Regular
4 Weak
Size
annual sales of £778.8k, make it smaller than the average company (£3m)
- Spectralworks Ltd
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (8.3%)
- Spectralworks Ltd
8.3% - Industry AVG
Production
with a gross margin of 41.6%, this company has a higher cost of product (71%)
- Spectralworks Ltd
71% - Industry AVG
Profitability
an operating margin of 3.2% make it as profitable than the average company (3.8%)
- Spectralworks Ltd
3.8% - Industry AVG
Employees
with 4 employees, this is below the industry average (28)
4 - Spectralworks Ltd
28 - Industry AVG
Pay Structure
on an average salary of £64.9k, the company has an equivalent pay structure (£64.9k)
- Spectralworks Ltd
£64.9k - Industry AVG
Efficiency
resulting in sales per employee of £194.7k, this is more efficient (£110.3k)
- Spectralworks Ltd
£110.3k - Industry AVG
Debtor Days
it gets paid by customers after 183 days, this is later than average (64 days)
- Spectralworks Ltd
64 days - Industry AVG
Creditor Days
its suppliers are paid after 69 days, this is slower than average (45 days)
- Spectralworks Ltd
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Spectralworks Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Spectralworks Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 22.2%, this is a lower level of debt than the average (60.8%)
22.2% - Spectralworks Ltd
60.8% - Industry AVG
SPECTRALWORKS LTD financials
Spectralworks Ltd's latest turnover from March 2023 is estimated at £778.8 thousand and the company has net assets of £307 thousand. According to their latest financial statements, Spectralworks Ltd has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 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 | 4 | 4 | 4 | 4 | 4 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,319 | 3,075 | 4,234 | 1,770 | 0 | 979 | 345 | 1,603 | 724 | 1,928 | 4,542 | 3,778 | 3,955 | 2,751 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 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 |
| Total Fixed Assets | 2,319 | 3,075 | 4,234 | 1,770 | 0 | 979 | 345 | 1,603 | 724 | 1,928 | 4,542 | 3,778 | 3,955 | 2,751 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 392,223 | 432,078 | 296,192 | 226,900 | 261,454 | 324,232 | 469,150 | 60,622 | 92,155 | 110,100 | 13,346 | 61,962 | 73,796 | 57,554 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 437,249 | 427,950 | 227,528 | 83,048 | 70,453 | 17,523 | 2 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 392,223 | 432,078 | 296,192 | 226,900 | 261,454 | 324,232 | 469,150 | 497,871 | 520,105 | 337,628 | 96,394 | 132,415 | 91,319 | 57,556 |
| total assets | 394,542 | 435,153 | 300,426 | 228,670 | 261,454 | 325,211 | 469,495 | 499,474 | 520,829 | 339,556 | 100,936 | 136,193 | 95,274 | 60,307 |
| Bank overdraft | 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 |
| Trade Creditors | 86,082 | 147,983 | 0 | 9,803 | 22,953 | 2,461 | 13,463 | 34,097 | 108,946 | 117,301 | 39,036 | 40,475 | 97,975 | 76,007 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 91,312 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 86,082 | 147,983 | 0 | 9,803 | 22,953 | 2,461 | 13,463 | 34,097 | 108,946 | 117,301 | 39,036 | 131,787 | 97,975 | 76,007 |
| loans | 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 |
| Accruals and Deferred Income | 1,490 | 268 | 342 | 19,257 | 490 | 371 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 78,442 | 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 |
| total long term liabilities | 1,490 | 268 | 78,784 | 19,257 | 490 | 371 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 87,572 | 148,251 | 78,784 | 29,060 | 23,443 | 2,832 | 13,463 | 34,097 | 108,946 | 117,301 | 39,036 | 131,787 | 97,975 | 76,007 |
| net assets | 306,970 | 286,902 | 221,642 | 199,610 | 238,011 | 322,379 | 456,032 | 465,377 | 411,883 | 222,255 | 61,900 | 4,406 | -2,701 | -15,700 |
| total shareholders funds | 306,970 | 286,902 | 221,642 | 199,610 | 238,011 | 322,379 | 456,032 | 465,377 | 411,883 | 222,255 | 61,900 | 4,406 | -2,701 | -15,700 |
| Mar 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 0 | 1,258 | 4,373 | 3,601 | 3,354 | 1,260 | 1,318 | 1,002 | ||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -39,855 | 135,886 | 69,292 | -34,554 | -62,778 | -144,918 | 408,528 | -31,533 | -17,945 | 96,754 | -48,616 | -11,834 | 16,242 | 57,554 |
| Creditors | -61,901 | 147,983 | -9,803 | -13,150 | 20,492 | -11,002 | -20,634 | -74,849 | -8,355 | 78,265 | -1,439 | -57,500 | 21,968 | 76,007 |
| Accruals and Deferred Income | 1,222 | -74 | -18,915 | 18,767 | 119 | 371 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 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 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -91,312 | 91,312 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 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 |
| other long term liabilities | 0 | -78,442 | 78,442 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -437,249 | 9,299 | 200,422 | 144,480 | 12,595 | 52,930 | 17,521 | 2 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -437,249 | 9,299 | 200,422 | 144,480 | 12,595 | 52,930 | 17,521 | 2 |
spectralworks ltd Credit Report and Business Information
Spectralworks Ltd Competitor Analysis
Perform a competitor analysis for spectralworks ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in WA7 area or any other competitors across 12 key performance metrics.
spectralworks ltd Ownership
SPECTRALWORKS LTD group structure
Spectralworks Ltd has no subsidiary companies.
Ultimate parent company
SPECTRALWORKS LTD
05013804
spectralworks ltd directors
Spectralworks Ltd currently has 3 directors. The longest serving directors include Mr Stephen Roberts (Jan 2004) and Mr Scott Campbell (Jan 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Roberts | 55 years | Jan 2004 | - | Director | |
| Mr Scott Campbell | 50 years | Jan 2004 | - | Director | |
| Mr John Moncur | Scotland | 64 years | Feb 2007 | - | Director |
P&L
March 2023turnover
778.8k
-8%
operating profit
24.8k
0%
gross margin
41.7%
-8.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
307k
+0.07%
total assets
394.5k
-0.09%
cash
0
0%
net assets
Total assets minus all liabilities
spectralworks ltd company details
company number
05013804
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
January 2004
age
20
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
the heath business & technical p, the heath business & technical p, runcorn, cheshire, WA7 4EB
last accounts submitted
March 2023
spectralworks ltd 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 spectralworks ltd.
spectralworks ltd Companies House Filings - See Documents
| date | description | view/download |
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