Spruce & Hawe Limited

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spruce & hawe limited Company Information

Live

EstablishedMicroDeclining

Company Number

05662091

Website

www.spruceandhaweltd.co.uk

Registered Address

blind lane, tockwith, york, north yorkshire, YO26 7QJ

Industry

Manufacture of agricultural and forestry machinery (other than agricultural tractors)

Support activities for crop production

Telephone

01423358601

Next Accounts Due

October 2025

Group Structure

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Directors

Martin Hawe18 Years

Shareholders

mr martin hawe 100%

spruce & hawe limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of SPRUCE & HAWE LIMITED at £1.2m based on Net Assets of £758k and 1.62x industry multiple (adjusted for liquidity).

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Spruce & Hawe Limited is a live company located in york, YO26 7QJ with a Companies House number of 05662091. It operates in the support activities for crop production sector, SIC Code 01610. Founded in December 2005, it's largest shareholder is mr martin hawe with a 100% stake. Spruce & Hawe Limited is a established, micro sized company, Pomanda has estimated its turnover at £178.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Spruce & Hawe Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £178.5k, make it smaller than the average company (£13.8m)

Growth

3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (9.3%)

EXPORT

Spruce & Hawe Limited's latest turnover from January 2024 is estimated at £178.5 thousand and the company has net assets of £758 thousand. According to their latest financial statements, Spruce & Hawe Limited has 2 employees and maintains cash reserves of £293.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2024	Jan 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	178,506	212,008	499,229	332,456	447,609	784,933	616,596	1,135,299	814,524	638,312	546,496	726,180	610,409	658,498	753,649
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	136,602	157,483	384,099	261,141	343,117	612,789	469,267	849,134	618,721	496,317	387,975	536,701	431,839	479,180	606,175
Gross Profit	41,903	54,525	115,131	71,316	104,492	172,145	147,328	286,164	195,804	141,995	158,521	189,479	178,570	179,317	147,474
Admin Expenses	-44,862	42,815	61,525	-68,625	-103,224	76,773	92,467	211,168	182,171	147,859	161,879	182,189	122,249	189,041	-14,822
Operating Profit	86,765	11,710	53,606	139,941	207,716	95,372	54,861	74,996	13,633	-5,864	-3,358	7,290	56,321	-9,724	162,296
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	11,607	8,083	708	240	1,626	1,352	422	69	177	268	171	139	187	87	4
Pre-Tax Profit	98,372	19,793	54,314	140,181	209,342	96,723	55,283	75,065	13,810	-5,596	-3,187	7,429	56,508	-9,637	162,300
Tax	-24,593	-3,761	-10,320	-26,634	-39,775	-18,377	-10,504	-15,013	-2,762	0	0	-1,783	-14,692	0	-45,444
Profit After Tax	73,779	16,032	43,994	113,547	169,567	78,346	44,779	60,052	11,048	-5,596	-3,187	5,646	41,816	-9,637	116,856
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	73,779	16,032	43,994	113,547	169,567	78,346	44,779	60,052	11,048	-5,596	-3,187	5,646	41,816	-9,637	116,856
Employee Costs	90,292	84,567	163,845	156,325	196,576	228,636	152,179	251,044	222,862	145,138	106,725	139,185	103,433	136,193	178,535
Number Of Employees	2	2	4	4	5	6	4	7	6	4	3	4	3	4	5
EBITDA*	93,241	20,097	61,550	150,455	221,734	115,753	76,609	100,028	33,932	9,240	11,396	19,105	65,851	1,612	162,296

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2024	Jan 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	19,182	25,158	23,833	31,541	42,055	34,063	41,869	50,677	45,955	20,883	19,255	24,122	17,298	22,665	30,251
Intangible Assets	0	0	0	0	0	0	8,125	16,250	24,375	32,500	40,625	48,750	52,500	56,250	60,000
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	20,887	41,774	62,661	62,661	62,661	56,221
Total Fixed Assets	19,182	25,158	23,833	31,541	42,055	34,063	49,994	66,927	70,330	74,270	101,654	135,533	132,459	141,576	146,472
Stock & work in progress	54,000	105,600	97,196	80,000	106,000	89,000	100,380	95,000	140,000	125,000	100,316	82,226	92,972	95,549	84,364
Trade Debtors	11,044	8,173	23,341	26,523	21,124	97,468	88,621	197,702	96,305	54,108	46,204	84,265	52,851	35,231	59,780
Group Debtors	444,297	415,182	385,348	280,304	249,661	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	0
Cash	293,383	170,905	290,968	275,079	205,020	228,466	131,963	36,888	18,076	52,684	54,354	13,855	41,864	33,061	1,571
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	802,724	699,860	796,853	661,906	581,805	414,934	320,964	329,590	254,381	231,792	200,874	180,346	187,687	163,841	145,715
total assets	821,906	725,018	820,686	693,447	623,860	448,997	370,958	396,517	324,711	306,062	302,528	315,879	320,146	305,417	292,187
Bank overdraft	0	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	0
Trade Creditors	15,826	29,376	133,534	31,629	65,798	107,874	108,181	175,115	163,361	155,760	147,126	156,523	168,060	195,279	174,021
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	0	0	0	0	0	0	0	0	0	0
other current liabilities	48,038	11,379	18,921	37,581	47,372	0	0	0	0	0	0	0	0	0	0
total current liabilities	63,864	40,755	152,455	69,210	113,170	107,874	108,181	175,115	163,361	155,760	147,126	156,523	168,060	195,279	174,021
loans	0	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	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	0	0	0	0	0	310
provisions	0	0	0	0	0	0	0	3,404	3,404	3,404	2,908	3,675	2,051	1,919	0
total long term liabilities	0	0	0	0	0	0	0	3,404	3,404	3,404	2,908	3,675	2,051	1,919	310
total liabilities	63,864	40,755	152,455	69,210	113,170	107,874	108,181	178,519	166,765	159,164	150,034	160,198	170,111	197,198	174,331
net assets	758,042	684,263	668,231	624,237	510,690	341,123	262,777	217,998	157,946	146,898	152,494	155,681	150,035	108,219	117,856
total shareholders funds	758,042	684,263	668,231	624,237	510,690	341,123	262,777	217,998	157,946	146,898	152,494	155,681	150,035	108,219	117,856

	Jan 2024	Jan 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	86,765	11,710	53,606	139,941	207,716	95,372	54,861	74,996	13,633	-5,864	-3,358	7,290	56,321	-9,724	162,296
Depreciation	6,476	8,387	7,944	10,514	14,018	12,256	13,623	16,907	12,174	6,979	6,629	8,065	5,780	7,586	0
Amortisation	0	0	0	0	0	8,125	8,125	8,125	8,125	8,125	8,125	3,750	3,750	3,750	0
Tax	-24,593	-3,761	-10,320	-26,634	-39,775	-18,377	-10,504	-15,013	-2,762	0	0	-1,783	-14,692	0	-45,444
Stock	-51,600	8,404	17,196	-26,000	17,000	-11,380	5,380	-45,000	15,000	24,684	18,090	-10,746	-2,577	11,185	84,364
Debtors	31,986	14,666	101,862	36,042	173,317	8,847	-109,081	101,397	21,310	-12,983	-58,948	31,414	17,620	-18,109	116,001
Creditors	-13,550	-104,158	101,905	-34,169	-42,076	-307	-66,934	11,754	7,601	8,634	-9,397	-11,537	-27,219	21,258	174,021
Accruals and Deferred Income	36,659	-7,542	-18,660	-9,791	47,372	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-3,404	0	0	496	-767	1,624	132	1,919	0
Cash flow from operations	111,371	-118,434	15,417	69,819	-3,062	99,602	99,468	40,372	2,461	6,669	42,090	-13,259	9,029	31,713	90,508
Investing Activities
capital expenditure	-500	-9,712	-236	0	-22,010	-4,450	-4,815	-21,629	-37,246	-8,607	-1,762	-14,889	-413	0	-90,251
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-500	-9,712	-236	0	-22,010	-4,450	-4,815	-21,629	-37,246	-8,607	-1,762	-14,889	-413	0	-90,251
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	0	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	-310	310
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	11,607	8,083	708	240	1,626	1,352	422	69	177	268	171	139	187	87	4
cash flow from financing	11,607	8,083	708	240	1,626	1,352	422	69	177	268	171	139	187	-223	1,314
cash and cash equivalents
cash	122,478	-120,063	15,889	70,059	-23,446	96,503	95,075	18,812	-34,608	-1,670	40,499	-28,009	8,803	31,490	1,571
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	122,478	-120,063	15,889	70,059	-23,446	96,503	95,075	18,812	-34,608	-1,670	40,499	-28,009	8,803	31,490	1,571

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 spruce & hawe limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other micro companies, companies in YO26 area or any other competitors across 12 key performance metrics.

SPRUCE & HAWE LIMITED group structure

Spruce & Hawe Limited has no subsidiary companies.

Ultimate parent company

SPRUCE & HAWE LIMITED

05662091

SPRUCE & HAWE LIMITED Shareholders

mr martin hawe

100%

Spruce & Hawe Limited currently has 1 director, Mr Martin Hawe serving since Dec 2005.

officer	country	age	start	end	role
Mr Martin Hawe	United Kingdom	61 years	Dec 2005	-	Director

P&L

January 2024

turnover

178.5k

-16%

operating profit

86.8k

gross margin

23.5%

-8.72%

turnover

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

Balance Sheet

January 2024

net assets

758k

+0.11%

total assets

821.9k

+0.13%

cash

293.4k

+0.72%

net assets

Total assets minus all liabilities

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company number

05662091

Type

Private limited with Share Capital

industry

28302 - Manufacture of agricultural and forestry machinery (other than agricultural tractors)

01610 - Support activities for crop production

incorporation date

December 2005

ultimate parent company

None

previous names

N/A

address

blind lane, tockwith, york, north yorkshire, YO26 7QJ

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 found 1 charges/mortgages relating to spruce & hawe limited. Currently there are 1 open charges and 0 have been satisfied in the past.

spruce & hawe limited Company Information

spruce & hawe limited Estimated Valuation

spruce & hawe limited Estimated Valuation

spruce & hawe limited Estimated Valuation

Spruce & Hawe Limited Overview

Spruce & Hawe Limited Health Check

SPRUCE & HAWE LIMITED financials

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spruce & hawe limited Ownership

spruce & hawe limited directors

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spruce & hawe limited Charges & Mortgages

spruce & hawe limited Companies House Filings - See Documents