Springcoil Limited

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springcoil limited Company Information

Company Number

05401138

Next Accounts

Dec 2025

Directors

Keith Grimshaw

Carl Martin

Shareholders

carl martin

hayley martin

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Group Structure

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Industry

Manufacture of wire products, chain and springs

Registered Address

2 woodbourn hill, sheffield, south yorkshire, S9 3NE

Website

www.springcoil.co.uk

springcoil limited Estimated Valuation

£483.2k

Pomanda estimates the enterprise value of SPRINGCOIL LIMITED at £483.2k based on a Turnover of £1.1m and 0.43x industry multiple (adjusted for size and gross margin).

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Springcoil Limited is a live company located in south yorkshire, S9 3NE with a Companies House number of 05401138. It operates in the manufacture of wire products, chain and springs sector, SIC Code 25930. Founded in March 2005, it's largest shareholder is carl martin with a 36% stake. Springcoil Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Springcoil Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£15.5m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (8.6%)

EXPORT

Springcoil Limited's latest turnover from March 2024 is estimated at £1.1 million and the company has net assets of £155.3 thousand. According to their latest financial statements, Springcoil Limited has 17 employees and maintains cash reserves of £96.5 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	Mar 2010
Turnover	1,111,791	1,075,664	909,050	1,190,845	894,274	868,015	846,162	809,941	625,611	941,629	819,307	997,589	1,006,801	868,847	946,071
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	778,435	748,158	669,197	906,214	627,824	609,194	586,806	529,832	429,591	683,259	609,757	761,258	764,299	626,154	716,196
Gross Profit	333,356	327,506	239,853	284,630	266,450	258,821	259,357	280,109	196,020	258,370	209,550	236,331	242,502	242,692	229,875
Admin Expenses	345,310	297,920	247,198	256,352	319,843	242,932	216,217	309,553	210,557	251,591	159,082	222,936	144,955	238,004	164,295
Operating Profit	-11,954	29,586	-7,345	28,278	-53,393	15,889	43,140	-29,444	-14,537	6,779	50,468	13,395	97,547	4,688	65,580
Interest Payable	2,791	3,758	3,094	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	4,632	3,941	734	59	33	284	113	72	207	259	314	229	216	186	62
Pre-Tax Profit	-10,113	29,769	-9,705	26,812	-53,360	16,173	43,253	-29,372	-14,330	7,038	50,782	13,624	97,764	4,874	65,642
Tax	0	-5,656	0	-5,094	0	-3,073	-8,218	0	0	-1,478	-11,680	-3,270	-25,419	-1,365	-18,380
Profit After Tax	-10,113	24,113	-9,705	21,718	-53,360	13,100	35,035	-29,372	-14,330	5,560	39,102	10,354	72,345	3,509	47,262
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-10,113	24,113	-9,705	21,718	-53,360	13,100	35,035	-29,372	-14,330	5,560	39,102	10,354	72,345	3,509	47,262
Employee Costs	717,702	709,768	675,808	611,566	555,035	474,937	462,276	479,025	174,411	229,708	228,177	258,295	228,537	237,892	245,391
Number Of Employees	17	17	18	17	16	14	14	15	6	8	8	9	8	9	10
EBITDA*	9,881	50,142	13,954	59,084	-27,289	41,968	74,535	7,965	24,912	46,375	91,439	49,514	122,684	33,832	100,476

* 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	Mar 2010
Tangible Assets	104,732	125,567	118,107	171,201	199,227	155,548	181,627	214,399	236,601	261,446	121,263	141,255	101,414	47,201	60,650
Intangible Assets	750	1,750	2,750	3,750	4,750	0	0	0	0	0	15,000	30,000	45,000	60,000	75,000
Investments & Other	0	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	0
Total Fixed Assets	105,482	127,317	120,857	174,951	203,977	155,548	181,627	214,399	236,601	261,446	136,263	171,255	146,414	107,201	135,650
Stock & work in progress	49,770	47,400	45,150	40,187	39,789	34,107	34,627	36,837	24,300	33,875	17,000	16,000	15,500	17,700	12,000
Trade Debtors	147,472	154,280	116,114	246,071	151,361	204,377	189,906	171,980	207,220	239,768	217,214	193,058	223,525	171,185	158,426
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,295	2,115	4,266	8,019	10,518	2,211	1,872	7,393	7,518	0	0	0	0	658	838
Cash	96,516	79,950	105,515	90,159	28,003	37,777	37,837	7,368	50,203	32,651	70,940	54,708	36,757	49,747	24,687
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	296,053	283,745	271,045	384,436	229,671	278,472	264,242	223,578	289,241	306,294	305,154	263,766	275,782	239,290	195,951
total assets	401,535	411,062	391,902	559,387	433,648	434,020	445,869	437,977	525,842	567,740	441,417	435,021	422,196	346,491	331,601
Bank overdraft	8,280	10,000	10,000	8,333	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	0
Trade Creditors	83,296	74,916	52,079	127,877	89,769	82,002	82,980	85,150	98,524	223,864	246,424	275,581	281,574	289,497	271,679
Group/Directors Accounts	0	0	0	0	0	0	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	0
hp & lease commitments	0	0	0	0	0	30,466	34,931	33,423	28,154	0	0	0	0	0	0
other current liabilities	121,389	114,455	134,397	197,959	176,721	109,333	93,418	79,502	99,771	0	0	0	0	0	0
total current liabilities	212,965	199,371	196,476	334,169	266,490	221,801	211,329	198,075	226,449	223,864	246,424	275,581	281,574	289,497	271,679
loans	9,672	21,667	31,667	41,667	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	30,466	65,397	89,328	0	0	0	0	0	0
Accruals and Deferred Income	0	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	114,881	0	0	0	3,143	7,857
provisions	23,580	24,593	22,441	32,528	37,853	29,554	34,509	39,975	46,163	50,763	22,321	25,870	17,406	2,980	4,703
total long term liabilities	33,252	46,260	54,108	74,195	37,853	29,554	64,975	105,372	135,491	165,644	22,321	25,870	17,406	6,123	12,560
total liabilities	246,217	245,631	250,584	408,364	304,343	251,355	276,304	303,447	361,940	389,508	268,745	301,451	298,980	295,620	284,239
net assets	155,318	165,431	141,318	151,023	129,305	182,665	169,565	134,530	163,902	178,232	172,672	133,570	123,216	50,871	47,362
total shareholders funds	155,318	165,431	141,318	151,023	129,305	182,665	169,565	134,530	163,902	178,232	172,672	133,570	123,216	50,871	47,362

	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	Mar 2010
Operating Activities
Operating Profit	-11,954	29,586	-7,345	28,278	-53,393	15,889	43,140	-29,444	-14,537	6,779	50,468	13,395	97,547	4,688	65,580
Depreciation	20,835	19,556	20,299	29,806	25,854	26,079	31,395	37,409	39,449	24,596	25,971	21,119	10,137	14,144	19,896
Amortisation	1,000	1,000	1,000	1,000	250	0	0	0	0	15,000	15,000	15,000	15,000	15,000	15,000
Tax	0	-5,656	0	-5,094	0	-3,073	-8,218	0	0	-1,478	-11,680	-3,270	-25,419	-1,365	-18,380
Stock	2,370	2,250	4,963	398	5,682	-520	-2,210	12,537	-9,575	16,875	1,000	500	-2,200	5,700	12,000
Debtors	-6,628	36,015	-133,710	92,211	-44,709	14,810	12,405	-35,365	-25,030	22,554	24,156	-30,467	51,682	12,579	159,264
Creditors	8,380	22,837	-75,798	38,108	7,767	-978	-2,170	-13,374	-125,340	-22,560	-29,157	-5,993	-7,923	17,818	271,679
Accruals and Deferred Income	6,934	-19,942	-63,562	21,238	67,388	15,915	13,916	-20,269	99,771	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,013	2,152	-10,087	-5,325	8,299	-4,955	-5,466	-6,188	-4,600	28,442	-3,549	8,464	14,426	-1,723	4,703
Cash flow from operations	28,440	11,268	-6,746	15,402	95,192	34,587	62,402	-9,038	29,348	11,350	21,897	78,682	54,286	30,283	187,214
Investing Activities
capital expenditure	0	-27,016	32,795	-1,780	-74,533	0	1,377	-15,207	-14,604	-164,779	-5,979	-60,960	-64,350	-695	-170,546
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-27,016	32,795	-1,780	-74,533	0	1,377	-15,207	-14,604	-164,779	-5,979	-60,960	-64,350	-695	-170,546
Financing Activities
Bank loans	0	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	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-11,995	-10,000	-10,000	41,667	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	-30,466	-34,931	-33,423	-18,662	117,482	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-114,881	114,881	0	0	-3,143	-4,714	7,857
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	1,841	183	-2,360	-1,466	33	284	113	72	207	259	314	229	216	186	62
cash flow from financing	-10,154	-9,817	-12,360	40,201	-30,433	-34,647	-33,310	-18,590	2,808	115,140	314	229	-2,927	-4,528	8,019
cash and cash equivalents
cash	16,566	-25,565	15,356	62,156	-9,774	-60	30,469	-42,835	17,552	-38,289	16,232	17,951	-12,990	25,060	24,687
overdraft	-1,720	0	1,667	8,333	0	0	0	0	0	0	0	0	0	0	0
change in cash	18,286	-25,565	13,689	53,823	-9,774	-60	30,469	-42,835	17,552	-38,289	16,232	17,951	-12,990	25,060	24,687

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SPRINGCOIL LIMITED group structure

Springcoil Limited has no subsidiary companies.

Ultimate parent company

SPRINGCOIL LIMITED

05401138

SPRINGCOIL LIMITED Shareholders

carl martin	36%
hayley martin	22%
keith anthony grimshaw	15%
valerie georgina grimshaw	15%
haley martin	12%

Springcoil Limited currently has 2 directors. The longest serving directors include Mr Keith Grimshaw (Mar 2005) and Mr Carl Martin (Mar 2005).

officer	country	age	start	end	role
Mr Keith Grimshaw		75 years	Mar 2005	-	Director
Mr Carl Martin		50 years	Mar 2005	-	Director

P&L

March 2024

turnover

1.1m

+3%

operating profit

-12k

gross margin

30%

-1.52%

turnover

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

Balance Sheet

March 2024

net assets

155.3k

-0.06%

total assets

401.5k

-0.02%

cash

96.5k

+0.21%

net assets

Total assets minus all liabilities

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3.5

company number

05401138

Type

Private limited with Share Capital

industry

25930 - Manufacture of wire products, chain and springs

incorporation date

March 2005

ultimate parent company

None

previous names

N/A

address

2 woodbourn hill, sheffield, south yorkshire, S9 3NE

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springcoil limited Company Information

springcoil limited Estimated Valuation

springcoil limited Estimated Valuation

springcoil limited Estimated Valuation

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