spirit aerosystems (europe) limited

3.5

spirit aerosystems (europe) limited Company Information

Share SPIRIT AEROSYSTEMS (EUROPE) LIMITED
Live 
EstablishedMegaDeclining

Company Number

05663660

Registered Address

tower bridge house, st katharine's way, london, E1W 1AA

Industry

Manufacture of air and spacecraft and related machinery

 

Telephone

02890458444

Next Accounts Due

September 2024

Group Structure

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Directors

Scott McLarty7 Years

Damon Ward4 Years

View All

Shareholders

spirit aerosystems global holdings limited 100%

spirit aerosystems (europe) limited Estimated Valuation

£0 - £568m

The estimated valuation range for spirit aerosystems (europe) limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £568m

spirit aerosystems (europe) limited Estimated Valuation

£0 - £568m

The estimated valuation range for spirit aerosystems (europe) limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £568m

spirit aerosystems (europe) limited Estimated Valuation

£0 - £568m

The estimated valuation range for spirit aerosystems (europe) limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £568m

Get a detailed valuation report, edit figures and unlock valuation multiples.

Spirit Aerosystems (europe) Limited AI Business Plan

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Spirit Aerosystems (europe) Limited Overview

Spirit Aerosystems (europe) Limited is a live company located in london, E1W 1AA with a Companies House number of 05663660. It operates in the manufacture of air and spacecraft and related machinery sector, SIC Code 30300. Founded in December 2005, it's largest shareholder is spirit aerosystems global holdings limited with a 100% stake. Spirit Aerosystems (europe) Limited is a established, mega sized company, Pomanda has estimated its turnover at £435.7m with declining growth in recent years.

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Spirit Aerosystems (europe) Limited Health Check

Pomanda's financial health check has awarded Spirit Aerosystems (Europe) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £435.7m, make it larger than the average company (£24.2m)

£435.7m - Spirit Aerosystems (europe) Limited

£24.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (-8.4%)

-11% - Spirit Aerosystems (europe) Limited

-8.4% - Industry AVG

production

Production

with a gross margin of 2.5%, this company has a higher cost of product (24.4%)

2.5% - Spirit Aerosystems (europe) Limited

24.4% - Industry AVG

profitability

Profitability

an operating margin of -2.1% make it less profitable than the average company (3.7%)

-2.1% - Spirit Aerosystems (europe) Limited

3.7% - Industry AVG

employees

Employees

with 1007 employees, this is above the industry average (136)

1007 - Spirit Aerosystems (europe) Limited

136 - Industry AVG

paystructure

Pay Structure

on an average salary of £56k, the company has an equivalent pay structure (£49.8k)

£56k - Spirit Aerosystems (europe) Limited

£49.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £432.7k, this is more efficient (£181k)

£432.7k - Spirit Aerosystems (europe) Limited

£181k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 124 days, this is later than average (57 days)

124 days - Spirit Aerosystems (europe) Limited

57 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 50 days, this is slower than average (41 days)

50 days - Spirit Aerosystems (europe) Limited

41 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 74 days, this is less than average (103 days)

74 days - Spirit Aerosystems (europe) Limited

103 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (6 weeks)

2 weeks - Spirit Aerosystems (europe) Limited

6 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 67.9%, this is a higher level of debt than the average (54%)

67.9% - Spirit Aerosystems (europe) Limited

54% - Industry AVG

spirit aerosystems (europe) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for spirit aerosystems (europe) limited. Get real-time insights into spirit aerosystems (europe) limited's credit score, group structure and payment trends.

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Spirit Aerosystems (europe) Limited Competitor Analysis

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Perform a competitor analysis for spirit aerosystems (europe) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

spirit aerosystems (europe) limited Ownership

SPIRIT AEROSYSTEMS (EUROPE) LIMITED group structure

Spirit Aerosystems (Europe) Limited has 1 subsidiary company.

Ultimate parent company

SPIRIT AERO SYSTEMS GLOBAL INVEST. BV

#0058775

2 parents

SPIRIT AEROSYSTEMS (EUROPE) LIMITED

05663660

1 subsidiary

SPIRIT AEROSYSTEMS (EUROPE) LIMITED Shareholders

spirit aerosystems global holdings limited 100%

spirit aerosystems (europe) limited directors

Spirit Aerosystems (Europe) Limited currently has 5 directors. The longest serving directors include Mr Scott McLarty (Oct 2016) and Mr Damon Ward (Jan 2020).

officercountryagestartendrole
Mr Scott McLartyScotland54 years Oct 2016- Director
Mr Damon WardUnited States49 years Jan 2020- Director
Leslie CareyUnited Kingdom58 years May 2020- Director
Mr Colin Russell43 years Jun 2022- Director
Mr Chris McNaught51 years Jun 2023- Director

SPIRIT AEROSYSTEMS (EUROPE) LIMITED financials

EXPORTms excel logo

Spirit Aerosystems (Europe) Limited's latest turnover from December 2022 is £435.7 million and the company has net assets of £205.6 million. According to their latest financial statements, Spirit Aerosystems (Europe) Limited has 1,007 employees and maintains cash reserves of £20.7 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover435,697,000346,745,000365,730,000613,782,000571,719,000559,823,000488,722,000450,016,000459,431,000443,603,000347,878,000334,808,000344,535,000338,277,000
Other Income Or Grants00000000000000
Cost Of Sales424,821,000362,076,000370,094,000530,418,000505,433,000492,684,000452,798,000385,347,000377,508,000384,383,000320,972,000327,560,000324,045,000328,565,000
Gross Profit10,876,000-15,331,000-4,364,00083,364,00066,286,00067,139,00035,924,00064,669,00081,923,00059,220,00026,906,0007,248,00020,490,0009,712,000
Admin Expenses19,895,00014,717,00020,835,00013,659,00010,704,0008,808,0008,489,0008,571,0007,977,0009,658,00010,931,0008,633,0009,568,0008,414,000
Operating Profit-9,019,000-30,048,000-25,199,00069,705,00055,582,00058,331,00027,435,00056,098,00073,946,00049,562,00015,975,000-1,385,00010,922,0001,298,000
Interest Payable17,981,0001,547,0001,413,0002,306,0001,961,0001,551,0002,071,0001,181,0001,268,0005,746,0004,895,0003,272,0002,315,0002,032,000
Interest Receivable9,821,0002,719,0001,708,0002,556,000169,000191,00041,00020,00027,00021,00000056,000
Pre-Tax Profit-17,179,000-28,876,000-24,904,00069,955,00049,652,00069,277,0001,228,00046,948,00064,153,00047,272,00017,708,000-5,674,0005,810,0005,369,000
Tax3,819,0002,614,0004,263,000-13,199,000-9,632,000-13,752,000-168,000-9,586,000-13,011,000-10,493,000-2,493,0002,611,000-1,905,000-1,641,000
Profit After Tax-13,360,000-26,262,000-20,641,00056,756,00040,020,00055,525,0001,060,00037,362,00051,142,00036,779,00015,215,000-3,063,0003,905,0003,728,000
Dividends Paid00000000000000
Retained Profit-13,360,000-26,262,000-20,641,00056,756,00040,020,00055,525,0001,060,00037,362,00051,142,00036,779,00015,215,000-3,063,0003,905,0003,728,000
Employee Costs56,383,00048,896,00050,388,00054,979,00050,778,00048,927,00045,994,00046,375,00042,694,00048,740,00044,961,00042,229,00038,098,00038,039,000
Number Of Employees1,0078969801,021945897892893902952920908912905
EBITDA*-436,000-23,293,000-20,016,00074,441,00060,868,00064,315,00033,200,00060,919,00078,089,00053,767,00018,465,0002,892,00012,984,0002,876,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets90,672,00096,674,00097,684,00084,695,00061,609,00058,051,00061,259,00060,583,00053,335,00054,185,00055,282,00058,181,00042,914,00034,645,000
Intangible Assets000000000-1,259,000-1,816,000-2,373,000-2,930,000-3,487,000
Investments & Other2,476,0002,476,00081,00081,0000000004,026,000577,0001,398,0000
Debtors (Due After 1 year)1,472,0002,056,0002,558,0002,637,0002,764,0004,205,0003,351,0005,461,0007,002,00000000
Total Fixed Assets94,620,000101,206,000100,323,00087,413,00064,373,00062,256,00064,610,00066,044,00060,337,00052,926,00057,492,00056,385,00041,382,00031,158,000
Stock & work in progress86,883,00073,343,00099,596,00081,098,00081,515,00094,426,00094,093,00084,510,00067,309,000146,300,000132,013,00080,681,00057,622,00078,878,000
Trade Debtors148,680,00086,677,000140,762,000188,041,000155,592,000321,772,000311,739,000335,034,000308,149,00087,384,00072,696,00059,462,00047,795,00050,820,000
Group Debtors269,570,00068,204,00015,798,0001,024,0001,155,000647,000937,0003,799,0007,957,0009,122,0009,616,0005,350,0004,028,0004,211,000
Misc Debtors20,509,00026,407,00010,528,0003,320,00052,906,0001,547,0004,124,0002,051,0001,006,0008,659,00013,918,00016,159,00013,244,0006,358,000
Cash20,678,00038,664,00045,578,00081,209,00024,357,00012,984,0008,561,00034,986,0005,524,00028,660,00031,395,00033,530,00038,861,00029,851,000
misc current assets00000000000000
total current assets546,320,000293,295,000312,262,000354,692,000315,525,000431,376,000419,454,000460,380,000389,945,000280,125,000259,638,000195,182,000161,550,000170,118,000
total assets640,940,000394,501,000412,585,000442,105,000379,898,000493,632,000484,064,000526,424,000450,282,000333,051,000317,130,000251,567,000202,932,000201,276,000
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 58,676,00030,165,00026,554,00046,930,00042,474,00043,947,00040,448,00041,375,00032,533,00039,097,00042,693,00043,541,00028,565,00047,188,000
Group/Directors Accounts273,975,00047,125,00027,693,00039,431,00039,766,00075,158,000124,159,000146,093,000144,714,000132,775,000127,492,00080,006,00055,133,00044,657,000
other short term finances00000000045,00045,000000
hp & lease commitments640,000677,000559,000499,0000000000000
other current liabilities27,379,00032,104,00049,036,00027,543,00027,837,00029,632,00026,648,00053,125,00037,241,00030,350,00039,835,00035,794,00024,301,00021,751,000
total current liabilities360,670,000110,071,000103,842,000114,403,000110,077,000148,737,000191,255,000240,593,000214,488,000202,267,000210,065,000159,341,000107,999,000113,596,000
loans57,933,00051,729,00051,208,000054,915,00051,802,00056,726,00047,503,00044,929,00042,397,00043,232,00045,190,00045,091,00043,154,000
hp & lease commitments709,000996,0001,281,00000000000000
Accruals and Deferred Income4,529,0004,908,0004,155,00003,069,0004,780,0002,725,0003,008,0003,813,0004,731,0005,646,0006,523,0001,357,000483,000
other liabilities5,944,0000061,031,0000000000000
provisions5,578,0009,732,00010,603,0004,743,0006,687,00020,917,00023,007,00027,309,00017,151,0002,266,0002,266,0002,930,0006,089,0006,260,000
total long term liabilities74,693,00067,365,00067,247,00065,774,00064,671,00077,499,00082,458,00077,820,00065,893,00049,394,00051,144,00054,643,00052,537,00049,941,000
total liabilities435,363,000177,436,000171,089,000180,177,000174,748,000226,236,000273,713,000318,413,000280,381,000251,661,000261,209,000213,984,000160,536,000163,537,000
net assets205,577,000217,065,000241,496,000261,928,000205,150,000267,396,000210,351,000208,011,000169,901,00081,390,00055,921,00037,583,00042,396,00037,739,000
total shareholders funds205,577,000217,065,000241,496,000261,928,000205,150,000267,396,000210,351,000208,011,000169,901,00081,390,00055,921,00037,583,00042,396,00037,739,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-9,019,000-30,048,000-25,199,00069,705,00055,582,00058,331,00027,435,00056,098,00073,946,00049,562,00015,975,000-1,385,00010,922,0001,298,000
Depreciation8,583,0006,755,0005,183,0004,736,0005,286,0005,984,0005,765,0004,821,0004,143,0004,205,0002,490,0004,834,0002,619,0002,135,000
Amortisation00000000000-557,000-557,000-557,000
Tax3,819,0002,614,0004,263,000-13,199,000-9,632,000-13,752,000-168,000-9,586,000-13,011,000-10,493,000-2,493,0002,611,000-1,905,000-1,641,000
Stock13,540,000-26,253,00018,498,000-417,000-12,911,000333,0009,583,00017,201,000-78,991,00014,287,00051,332,00023,059,000-21,256,00078,878,000
Debtors256,887,00013,698,000-25,376,000-17,395,000-115,754,0008,020,000-26,194,00022,231,000218,949,0008,935,00015,259,00015,904,0003,678,00061,389,000
Creditors28,511,0003,611,000-20,376,0004,456,000-1,473,0003,499,000-927,0008,842,000-6,564,000-3,596,000-848,00014,976,000-18,623,00047,188,000
Accruals and Deferred Income-5,104,000-16,179,00025,648,000-3,363,000-3,506,0005,039,000-26,760,00015,079,0005,973,000-10,400,0003,164,00016,659,0003,424,00022,234,000
Deferred Taxes & Provisions-4,154,000-871,0005,860,000-1,944,000-14,230,000-2,090,000-4,302,00010,158,00014,885,0000-664,000-3,159,000-171,0006,260,000
Cash flow from operations-247,791,000-21,563,0002,257,00078,203,000160,692,00048,658,00017,654,00045,980,000-60,586,0006,056,000-48,967,000-4,984,00013,287,000-63,350,000
Investing Activities
capital expenditure-2,581,000-5,745,000-18,172,000-27,822,000-8,844,000-2,776,000-6,441,000-12,069,000-4,552,000-3,665,000-148,000-20,101,000-10,888,000-32,736,000
Change in Investments02,395,000081,00000000-4,026,0003,449,000-821,0001,398,0000
cash flow from investments-2,581,000-8,140,000-18,172,000-27,903,000-8,844,000-2,776,000-6,441,000-12,069,000-4,552,000361,000-3,597,000-19,280,000-12,286,000-32,736,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts226,850,00019,432,000-11,738,000-335,000-35,392,000-49,001,000-21,934,0001,379,00011,939,0005,283,00047,486,00024,873,00010,476,00044,657,000
Other Short Term Loans 00000000-45,000045,000000
Long term loans6,204,000521,00051,208,000-54,915,0003,113,000-4,924,0009,223,0002,574,0002,532,000-835,000-1,958,00099,0001,937,00043,154,000
Hire Purchase and Lease Commitments-324,000-167,0001,341,000499,0000000000000
other long term liabilities5,944,0000-61,031,00061,031,0000000000000
share issue1,872,0001,831,000209,00022,000-102,266,0001,520,0001,280,000748,00037,369,000-11,310,0003,123,000-1,750,000752,00034,011,000
interest-8,160,0001,172,000295,000250,000-1,792,000-1,360,000-2,030,000-1,161,000-1,241,000-5,725,000-4,895,000-3,272,000-2,315,000-1,976,000
cash flow from financing232,386,00022,789,000-19,716,0006,552,000-136,337,000-53,765,000-13,461,0003,540,00050,554,000-12,587,00043,801,00019,950,00010,850,000119,846,000
cash and cash equivalents
cash-17,986,000-6,914,000-35,631,00056,852,00011,373,0004,423,000-26,425,00029,462,000-23,136,000-2,735,000-2,135,000-5,331,0009,010,00029,851,000
overdraft00000000000000
change in cash-17,986,000-6,914,000-35,631,00056,852,00011,373,0004,423,000-26,425,00029,462,000-23,136,000-2,735,000-2,135,000-5,331,0009,010,00029,851,000

P&L

December 2022

turnover

435.7m

+26%

operating profit

-9m

-70%

gross margin

2.5%

-156.46%

turnover

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

Balance Sheet

December 2022

net assets

205.6m

-0.05%

total assets

640.9m

+0.62%

cash

20.7m

-0.47%

net assets

Total assets minus all liabilities

spirit aerosystems (europe) limited company details

company number

05663660

Type

Private limited with Share Capital

industry

30300 - Manufacture of air and spacecraft and related machinery

incorporation date

December 2005

age

19

accounts

Full Accounts

ultimate parent company

SPIRIT AERO SYSTEMS GLOBAL INVEST. BV

previous names

blockmist limited (January 2006)

incorporated

UK

address

tower bridge house, st katharine's way, london, E1W 1AA

last accounts submitted

December 2022

spirit aerosystems (europe) 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 found 1 charges/mortgages relating to spirit aerosystems (europe) limited. Currently there are 1 open charges and 0 have been satisfied in the past.

charges

spirit aerosystems (europe) limited Companies House Filings - See Documents

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