K.b. Spigot Limited

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SOLUTIONS

k.b. spigot limited Company Information

Live

EstablishedSmallHealthy

Company Number

06299272

Website

www.karlburke.co.uk

Registered Address

55 hoghton street, southport, merseyside, PR9 0PG

Industry

Activities of racehorse owners

Telephone

01969625088

Next Accounts Due

April 2025

Group Structure

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Directors

Kelly Burke16 Years

Karl Burke8 Years

Shareholders

mrs elaine mary burke 40%

mr karl richard burke 40%

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k.b. spigot limited Estimated Valuation

£5.1m

Pomanda estimates the enterprise value of K.B. SPIGOT LIMITED at £5.1m based on Net Assets of £1.9m and 2.67x industry multiple (adjusted for liquidity).

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K.b. Spigot Limited is a live company located in merseyside, PR9 0PG with a Companies House number of 06299272. It operates in the activities of racehorse owners sector, SIC Code 93191. Founded in July 2007, it's largest shareholder is mrs elaine mary burke with a 40% stake. K.b. Spigot Limited is a established, small sized company, Pomanda has estimated its turnover at £2.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded K.B. Spigot Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

1 Regular

4 Weak

Size

annual sales of £2.7m, make it larger than the average company (£255.6k)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (17.1%)

EXPORT

K.B. Spigot Limited's latest turnover from July 2023 is estimated at £2.7 million and the company has net assets of £1.9 million. According to their latest financial statements, K.B. Spigot Limited has 49 employees and maintains cash reserves of £565.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	2,704,081	2,392,664	2,299,452	2,318,988	3,288,963	4,847,916	4,087,493	777,924	1,383,464	1,089,157	1,191,594	1,339,275	1,763,636	1,163,033	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,452,199	6,328,271	1,429,144	1,943,094	2,392,316	8,139,440	2,933,899	565,409	999,652	752,249	717,827	1,113,172	1,369,263	703,214	0
Gross Profit	-748,118	-3,935,607	870,309	375,895	896,647	-3,291,525	1,153,594	212,515	383,813	336,908	473,767	226,103	394,373	459,819	0
Admin Expenses	-1,164,175	-4,261,289	986,760	207,839	755,641	-4,225,708	1,061,249	84,803	198,261	289,969	432,312	232,378	355,957	486,858	-76,318
Operating Profit	416,057	325,682	-116,451	168,056	141,006	934,183	92,345	127,712	185,552	46,939	41,455	-6,275	38,416	-27,039	76,318
Interest Payable	3,671	3,180	3,031	2,718	1,320	0	0	0	0	0	0	0	0	0	0
Interest Receivable	22,666	2,905	108	155	1,498	561	197	342	73	35	26	42	39	2	0
Pre-Tax Profit	435,052	325,407	-119,374	165,494	141,184	934,744	92,542	128,054	185,625	46,975	41,481	-6,233	38,455	-27,037	76,318
Tax	-108,763	-61,827	0	-31,444	-26,825	-177,601	-17,583	-25,611	-37,125	-9,865	-9,541	0	-9,998	0	-21,369
Profit After Tax	326,289	263,580	-119,374	134,050	114,359	757,143	74,959	102,443	148,500	37,110	31,940	-6,233	28,457	-27,037	54,949
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	326,289	263,580	-119,374	134,050	114,359	757,143	74,959	102,443	148,500	37,110	31,940	-6,233	28,457	-27,037	54,949
Employee Costs	0	382,184	256,007	156,136	149,482	186,542	126,979	32,521	67,132	0	0	0	0	0	0
Number Of Employees	49	43	45	45	47	42	25	8	15	1	6	0	0	0	0
EBITDA*	524,187	431,237	-24,888	257,817	240,899	1,004,693	146,154	194,970	243,049	82,630	66,212	10,706	49,143	-17,926	100,174

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	738,226	701,251	663,734	674,252	711,109	574,516	506,019	441,213	392,102	304,769	91,088	66,664	42,603	48,182	94,887
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	738,226	701,251	663,734	674,252	711,109	574,516	506,019	441,213	392,102	304,769	91,088	66,664	42,603	48,182	94,887
Stock & work in progress	288,727	430,054	466,316	391,901	202,330	292,852	220,910	241,445	265,843	243,602	168,934	149,855	64,387	98,500	102,639
Trade Debtors	660,934	485,208	414,934	454,861	701,700	579,436	376,378	364,090	298,204	148,110	200,219	114,022	83,268	88,779	85,101
Group Debtors	160,096	216,772	188,970	205,625	262,482	122,165	0	0	0	0	0	0	0	0	0
Misc Debtors	96,931	64,384	78,471	119,805	35,286	19,912	23,338	17,932	0	0	0	0	0	0	0
Cash	565,875	340,763	124,047	92,097	218,854	180,562	44,004	113,494	23,336	5,761	8,330	1,933	14,843	752	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,772,563	1,537,181	1,272,738	1,264,289	1,420,652	1,194,927	664,630	736,961	587,383	397,473	377,483	265,810	162,498	188,031	187,740
total assets	2,510,789	2,238,432	1,936,472	1,938,541	2,131,761	1,769,443	1,170,649	1,178,174	979,485	702,242	468,571	332,474	205,101	236,213	282,627
Bank overdraft	0	0	0	0	39,103	0	0	0	0	0	0	0	0	0	0
Bank loan	11,160	11,160	11,160	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	185,772	176,544	362,751	189,651	291,851	100,391	264,507	229,475	667,047	578,132	365,482	265,284	148,731	208,300	227,677
Group/Directors Accounts	0	0	0	0	0	0	206,806	315,090	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	46,849	62,204	20,048	14,367	0	45,769	39,967	39,146	0	0	0	0	0	0	0
other current liabilities	324,743	316,292	132,479	233,783	473,453	374,888	194,181	203,145	0	0	0	0	0	0	0
total current liabilities	568,524	566,200	526,438	437,801	804,407	521,048	705,461	786,856	667,047	578,132	365,482	265,284	148,731	208,300	227,677
loans	17,240	27,184	38,216	50,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	3,790	50,102	40,452	0	10,664	46,064	20,000	21,089	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	44,652	4,824	21,012	17,053	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	21,030	77,286	78,668	50,000	10,664	46,064	20,000	21,089	44,652	4,824	21,012	17,053	0	0	0
total liabilities	589,554	643,486	605,106	487,801	815,071	567,112	725,461	807,945	711,699	582,956	386,494	282,337	148,731	208,300	227,677
net assets	1,921,235	1,594,946	1,331,366	1,450,740	1,316,690	1,202,331	445,188	370,229	267,786	119,286	82,077	50,137	56,370	27,913	54,950
total shareholders funds	1,921,235	1,594,946	1,331,366	1,450,740	1,316,690	1,202,331	445,188	370,229	267,786	119,286	82,077	50,137	56,370	27,913	54,950

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	416,057	325,682	-116,451	168,056	141,006	934,183	92,345	127,712	185,552	46,939	41,455	-6,275	38,416	-27,039	76,318
Depreciation	108,130	105,555	91,563	89,761	99,893	70,510	53,809	67,258	57,497	35,691	24,757	16,981	10,727	9,113	23,856
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-108,763	-61,827	0	-31,444	-26,825	-177,601	-17,583	-25,611	-37,125	-9,865	-9,541	0	-9,998	0	-21,369
Stock	-141,327	-36,262	74,415	189,571	-90,522	71,942	-20,535	-24,398	22,241	74,668	19,079	85,468	-34,113	-4,139	102,639
Debtors	151,597	83,989	-97,916	-219,177	277,955	321,797	17,694	83,818	150,094	-52,109	86,197	30,754	-5,511	3,678	85,101
Creditors	9,228	-186,207	173,100	-102,200	191,460	-164,116	35,032	-437,572	88,915	212,650	100,198	116,553	-59,569	-19,377	227,677
Accruals and Deferred Income	8,451	183,813	-101,304	-239,670	98,565	180,707	-8,964	203,145	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	422,833	319,289	70,409	-85,891	316,666	449,944	157,480	-124,488	122,504	262,856	51,593	11,037	19,200	-36,842	118,742
Investing Activities
capital expenditure	-145,105	-143,072	-81,045	-52,904	-236,486	-139,007	-118,615	-116,369	-144,830	-249,372	-49,181	-41,042	-5,148	37,592	-118,743
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-145,105	-143,072	-81,045	-52,904	-236,486	-139,007	-118,615	-116,369	-144,830	-249,372	-49,181	-41,042	-5,148	37,592	-118,743
Financing Activities
Bank loans	0	0	11,160	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-206,806	-108,284	315,090	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	-9,944	-11,032	-11,784	50,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-61,667	51,806	46,133	3,703	-81,169	31,866	-268	60,235	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-44,652	39,828	-16,188	3,959	17,053	0	0	0
share issue	0	0	0	0	0	0	0	0	0	99	0	0	0	0	1
interest	18,995	-275	-2,923	-2,563	178	561	197	342	73	35	26	42	39	2	0
cash flow from financing	-52,616	40,499	42,586	51,140	-80,991	-174,379	-108,355	331,015	39,901	-16,054	3,985	17,095	39	2	1
cash and cash equivalents
cash	225,112	216,716	31,950	-126,757	38,292	136,558	-69,490	90,158	17,575	-2,569	6,397	-12,910	14,091	752	0
overdraft	0	0	0	-39,103	39,103	0	0	0	0	0	0	0	0	0	0
change in cash	225,112	216,716	31,950	-87,654	-811	136,558	-69,490	90,158	17,575	-2,569	6,397	-12,910	14,091	752	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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K.B. SPIGOT LIMITED group structure

K.B. Spigot Limited has no subsidiary companies.

Ultimate parent company

K.B. SPIGOT LIMITED

06299272

K.B. SPIGOT LIMITED Shareholders

mrs elaine mary burke	40%
mr karl richard burke	40%
miss lucy elaine burke	10%
miss kelly ann burke	10%

K.B. Spigot Limited currently has 2 directors. The longest serving directors include Miss Kelly Burke (Jul 2007) and Mr Karl Burke (Mar 2016).

officer	country	age	start	end	role
Miss Kelly Burke	United Kingdom	35 years	Jul 2007	-	Director
Mr Karl Burke	United Kingdom	61 years	Mar 2016	-	Director

P&L

July 2023

turnover

2.7m

+13%

operating profit

416.1k

gross margin

-27.6%

-83.18%

turnover

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

Balance Sheet

July 2023

net assets

1.9m

+0.2%

total assets

2.5m

+0.12%

cash

565.9k

+0.66%

net assets

Total assets minus all liabilities

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company number

06299272

Type

Private limited with Share Capital

industry

93191 - Activities of racehorse owners

incorporation date

July 2007

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

55 hoghton street, southport, merseyside, PR9 0PG

last accounts submitted

July 2023

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 2 charges/mortgages relating to k.b. spigot limited. Currently there are 1 open charges and 1 have been satisfied in the past.

k.b. spigot limited Company Information

k.b. spigot limited Estimated Valuation

k.b. spigot limited Estimated Valuation

k.b. spigot limited Estimated Valuation

K.b. Spigot Limited Overview

K.b. Spigot Limited Health Check

K.B. SPIGOT LIMITED financials

k.b. spigot limited Credit Report and Business Information

K.b. Spigot Limited Competitor Analysis

k.b. spigot limited Ownership

k.b. spigot limited directors

k.b. spigot limited company details

k.b. spigot limited Charges & Mortgages

k.b. spigot limited Companies House Filings - See Documents