Springwell Roofing Limited

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springwell roofing limited Company Information

Live

MatureMicroDeclining

Company Number

05238474

Website

Registered Address

mount lodge mount lane, springwell village, gateshead, tyne & wear, NE9 7UQ

Industry

Roofing activities

Telephone

01914162630

Next Accounts Due

December 2024

Group Structure

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Directors

Joseph Walker19 Years

Glyn Walker14 Years

Shareholders

glyn j. walker 40%

sandra walker 30%

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springwell roofing limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of SPRINGWELL ROOFING LIMITED at £3.2m based on Net Assets of £1.4m and 2.33x industry multiple (adjusted for liquidity).

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Springwell Roofing Limited is a live company located in gateshead, NE9 7UQ with a Companies House number of 05238474. It operates in the roofing activities sector, SIC Code 43910. Founded in September 2004, it's largest shareholder is glyn j. walker with a 40% stake. Springwell Roofing Limited is a mature, micro sized company, Pomanda has estimated its turnover at £353.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Springwell Roofing Limited 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 £353.1k, make it smaller than the average company (£634.7k)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (6.8%)

EXPORT

Springwell Roofing Limited's latest turnover from March 2023 is estimated at £353.1 thousand and the company has net assets of £1.4 million. According to their latest financial statements, Springwell Roofing Limited has 6 employees and maintains cash reserves of £959.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	Mar 2010
Turnover	353,076	397,556	350,910	377,501	435,846	113,389	337,431	333,519	582,661	156,697	144,009	190,715	343,164	211,261
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	259,475	283,012	253,037	271,097	312,246	83,093	248,414	242,567	428,176	112,750	98,382	130,970	232,582	145,693
Gross Profit	93,601	114,544	97,873	106,405	123,601	30,296	89,017	90,952	154,485	43,947	45,627	59,745	110,582	65,568
Admin Expenses	-95,724	-92,788	-48,907	-190,446	32,487	-74,663	-29,881	59,311	55,324	23,396	39,737	36,542	274,688	-515,796
Operating Profit	189,325	207,332	146,780	296,851	91,114	104,959	118,898	31,641	99,161	20,551	5,890	23,203	-164,106	581,364
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	39,496	5,900	641	485	2,401	1,848	1,108	1,529	1,073	1,189	993	711	1,133	828
Pre-Tax Profit	228,821	213,232	147,421	297,336	93,515	106,807	120,005	33,170	100,234	21,740	6,883	23,915	-162,973	582,192
Tax	-43,476	-40,514	-28,010	-56,494	-17,768	-20,293	-24,001	-6,634	-21,049	-5,000	-1,652	-6,218	0	-163,014
Profit After Tax	185,345	172,718	119,411	240,842	75,747	86,514	96,004	26,536	79,185	16,740	5,231	17,697	-162,973	419,178
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	185,345	172,718	119,411	240,842	75,747	86,514	96,004	26,536	79,185	16,740	5,231	17,697	-162,973	419,178
Employee Costs	223,821	199,857	171,202	188,250	184,212	31,299	67,112	72,762	104,112	32,778	32,952	32,788	88,147	63,485
Number Of Employees	6	6	5	5	5	1	2	2	3	1	1	1	3	2
EBITDA*	222,237	230,372	175,083	316,010	115,084	120,603	142,909	65,434	127,560	40,901	27,637	45,777	-141,124	617,502

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	Mar 2010
Tangible Assets	212,793	142,463	155,275	150,637	120,724	128,609	101,211	134,039	119,762	81,114	88,707	93,427	99,110	107,198
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	250,000	250,000	250,000	250,000	250,000	250,000	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	462,793	392,463	405,275	400,637	370,724	378,609	101,211	134,039	119,762	81,114	88,707	93,427	99,110	107,198
Stock & work in progress	1,000	11,000	12,100	31,750	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000
Trade Debtors	44,198	55,172	62,170	46,744	72,942	33,840	98,160	59,114	127,294	11,059	5,023	40,199	80,294	34,244
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	8,972	3,288	4,120	3,656	4,046	1,236	6,280	1,677	53,993	38,959	24,606	12,085	0	0
Cash	959,254	899,370	673,916	607,149	363,423	276,753	462,624	423,376	188,131	241,072	234,700	162,409	122,145	331,070
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,013,424	968,830	752,306	689,299	441,411	312,829	568,064	485,167	370,418	292,090	265,329	215,693	203,439	366,314
total assets	1,476,217	1,361,293	1,157,581	1,089,936	812,135	691,438	669,275	619,206	490,180	373,204	354,036	309,120	302,549	473,512
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	13,300	39,445	31,840	13,316	51,467	2,465	9,754	62,542	91,070	61,008	58,461	31,948	31,153	40,456
Group/Directors Accounts	0	0	40,346	0	50,840	0	0	0	0	0	0	0	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	44,212	91,384	35,681	147,198	26,931	80,324	141,581	128,162	0	0	0	0	0	0
total current liabilities	57,512	130,829	107,867	160,514	129,238	82,789	151,335	190,704	91,070	61,008	58,461	31,948	31,153	40,456
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	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
provisions	40,430	37,534	29,502	28,621	22,938	24,437	20,242	26,808	23,952	16,223	16,342	3,170	15,091	13,778
total long term liabilities	40,430	37,534	29,502	28,621	22,938	24,437	20,242	26,808	23,952	16,223	16,342	3,170	15,091	13,778
total liabilities	97,942	168,363	137,369	189,135	152,176	107,226	171,577	217,512	115,022	77,231	74,803	35,118	46,244	54,234
net assets	1,378,275	1,192,930	1,020,212	900,801	659,959	584,212	497,698	401,694	375,158	295,973	279,233	274,002	256,305	419,278
total shareholders funds	1,378,275	1,192,930	1,020,212	900,801	659,959	584,212	497,698	401,694	375,158	295,973	279,233	274,002	256,305	419,278

	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	Mar 2010
Operating Activities
Operating Profit	189,325	207,332	146,780	296,851	91,114	104,959	118,898	31,641	99,161	20,551	5,890	23,203	-164,106	581,364
Depreciation	32,912	23,040	28,303	19,159	23,970	15,644	24,011	33,793	28,399	20,350	21,747	22,574	22,982	24,138
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	12,000
Tax	-43,476	-40,514	-28,010	-56,494	-17,768	-20,293	-24,001	-6,634	-21,049	-5,000	-1,652	-6,218	0	-163,014
Stock	-10,000	-1,100	-19,650	30,750	0	0	0	0	0	0	0	0	0	1,000
Debtors	-5,290	-7,830	15,890	-26,588	41,912	-69,364	43,649	-120,496	131,269	20,389	-22,655	-28,010	46,050	34,244
Creditors	-26,145	7,605	18,524	-38,151	49,002	-7,289	-52,788	-28,528	30,062	2,547	26,513	795	-9,303	40,456
Accruals and Deferred Income	-47,172	55,703	-111,517	120,267	-53,393	-61,257	13,419	128,162	0	0	0	0	0	0
Deferred Taxes & Provisions	2,896	8,032	881	5,683	-1,499	4,195	-6,566	2,856	7,729	-119	13,172	-11,921	1,313	13,778
Cash flow from operations	123,630	270,128	58,721	343,153	49,514	105,323	29,324	281,786	13,033	17,940	88,325	56,443	-195,164	473,478
Investing Activities
capital expenditure	-103,242	-10,228	-32,941	-49,072	-16,085	-43,042	8,817	-48,070	-67,047	-12,757	-17,027	-16,891	-14,894	-143,336
Change in Investments	0	0	0	0	0	250,000	0	0	0	0	0	0	0	0
cash flow from investments	-103,242	-10,228	-32,941	-49,072	-16,085	-293,042	8,817	-48,070	-67,047	-12,757	-17,027	-16,891	-14,894	-143,336
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-40,346	40,346	-50,840	50,840	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	39,496	5,900	641	485	2,401	1,848	1,108	1,529	1,073	1,189	993	711	1,133	828
cash flow from financing	39,496	-34,446	40,987	-50,355	53,241	1,848	1,108	1,529	1,073	1,189	993	711	1,133	928
cash and cash equivalents
cash	59,884	225,454	66,767	243,726	86,670	-185,871	39,248	235,245	-52,941	6,372	72,291	40,264	-208,925	331,070
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	59,884	225,454	66,767	243,726	86,670	-185,871	39,248	235,245	-52,941	6,372	72,291	40,264	-208,925	331,070

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SPRINGWELL ROOFING LIMITED group structure

Springwell Roofing Limited has no subsidiary companies.

Ultimate parent company

SPRINGWELL ROOFING LIMITED

05238474

SPRINGWELL ROOFING LIMITED Shareholders

glyn j. walker	40%
sandra walker	30%
joseph walker	30%

Springwell Roofing Limited currently has 2 directors. The longest serving directors include Mr Joseph Walker (Mar 2005) and Mr Glyn Walker (Jun 2010).

officer	country	age	start	end	role
Mr Joseph Walker	United Kingdom	82 years	Mar 2005	-	Director
Mr Glyn Walker		44 years	Jun 2010	-	Director

P&L

March 2023

turnover

353.1k

-11%

operating profit

189.3k

gross margin

26.6%

-7.99%

turnover

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

Balance Sheet

March 2023

net assets

1.4m

+0.16%

total assets

1.5m

+0.08%

cash

959.3k

+0.07%

net assets

Total assets minus all liabilities

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1.5

company number

05238474

Type

Private limited with Share Capital

industry

43910 - Roofing activities

incorporation date

September 2004

ultimate parent company

None

previous names

shark 25 limited (April 2005)

address

mount lodge mount lane, springwell village, gateshead, tyne & wear, NE9 7UQ

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.

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springwell roofing limited Company Information

springwell roofing limited Estimated Valuation

springwell roofing limited Estimated Valuation

springwell roofing limited Estimated Valuation

Springwell Roofing Limited Overview

Springwell Roofing Limited Health Check

SPRINGWELL ROOFING LIMITED financials

springwell roofing limited Credit Report and Business Information

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springwell roofing limited Ownership

springwell roofing limited directors

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