spear housing association limited
spear housing association limited Company Information
Company Number
06396687
Next Accounts
Dec 2024
Industry
Other residential care activities
Other social work activities without accommodation n.e.c.
Shareholders
-
Group Structure
View All
Contact
Registered Address
89 heath road, twickenham, TW1 4AW
Website
www.spearlondon.orgspear housing association limited Estimated Valuation
Pomanda estimates the enterprise value of SPEAR HOUSING ASSOCIATION LIMITED at £3.3m based on a Turnover of £5.2m and 0.62x industry multiple (adjusted for size and gross margin).
spear housing association limited Estimated Valuation
Pomanda estimates the enterprise value of SPEAR HOUSING ASSOCIATION LIMITED at £481.6k based on an EBITDA of £83.9k and a 5.74x industry multiple (adjusted for size and gross margin).
spear housing association limited Estimated Valuation
Pomanda estimates the enterprise value of SPEAR HOUSING ASSOCIATION LIMITED at £23.6m based on Net Assets of £8m and 2.95x industry multiple (adjusted for liquidity).
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Spear Housing Association Limited Overview
Spear Housing Association Limited is a live company located in twickenham, TW1 4AW with a Companies House number of 06396687. It operates in the other residential care activities n.e.c. sector, SIC Code 87900. Founded in October 2007, it's largest shareholder is unknown. Spear Housing Association Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.2m with healthy growth in recent years.
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Spear Housing Association Limited Health Check
Pomanda's financial health check has awarded Spear Housing Association Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
3 Weak
Size
annual sales of £5.2m, make it larger than the average company (£1.2m)
£5.2m - Spear Housing Association Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (5.1%)
9% - Spear Housing Association Limited
5.1% - Industry AVG
Production
with a gross margin of 42.3%, this company has a comparable cost of product (42.3%)
42.3% - Spear Housing Association Limited
42.3% - Industry AVG
Profitability
an operating margin of 0.8% make it less profitable than the average company (6.6%)
0.8% - Spear Housing Association Limited
6.6% - Industry AVG
Employees
with 91 employees, this is above the industry average (31)
91 - Spear Housing Association Limited
31 - Industry AVG
Pay Structure
on an average salary of £36.2k, the company has a higher pay structure (£24.4k)
£36.2k - Spear Housing Association Limited
£24.4k - Industry AVG
Efficiency
resulting in sales per employee of £57.7k, this is more efficient (£40.4k)
£57.7k - Spear Housing Association Limited
£40.4k - Industry AVG
Debtor Days
it gets paid by customers after 75 days, this is later than average (17 days)
75 days - Spear Housing Association Limited
17 days - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is slower than average (9 days)
22 days - Spear Housing Association Limited
9 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Spear Housing Association Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 297 weeks, this is more cash available to meet short term requirements (165 weeks)
297 weeks - Spear Housing Association Limited
165 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 12.7%, this is a lower level of debt than the average (22.1%)
12.7% - Spear Housing Association Limited
22.1% - Industry AVG
SPEAR HOUSING ASSOCIATION LIMITED financials
Spear Housing Association Limited's latest turnover from March 2023 is £5.2 million and the company has net assets of £8 million. According to their latest financial statements, Spear Housing Association Limited has 91 employees and maintains cash reserves of £6.7 million 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 | 5,249,472 | 5,406,699 | 5,155,330 | 4,081,271 | 3,209,706 | 2,772,465 | 1,930,335 | 2,011,989 | 1,696,913 | 1,759,493 | 1,402,625 | 1,545,860 | 1,063,752 | 946,302 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 264,169 | 195,666 | 239,698 | -511,512 | -150,981 | -10,727 | -192,576 | 40,739 | -99,391 | 44,454 | 56,452 | 269,214 | 83,757 | -52,455 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 264,169 | 195,666 | 239,698 | -511,512 | -150,981 | -10,727 | -192,576 | 40,739 | -99,391 | 44,454 | 56,452 | 269,214 | 83,757 | -52,455 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 264,169 | 195,666 | 239,698 | -511,512 | -150,981 | -10,727 | -192,576 | 40,739 | -99,391 | 44,454 | 56,452 | 269,214 | 83,757 | -52,455 |
| Employee Costs | 3,293,197 | 3,470,465 | 3,325,948 | 3,122,570 | 2,232,370 | 1,898,061 | 1,621,376 | 1,454,796 | 1,342,459 | 1,319,273 | 1,072,924 | 1,046,227 | 786,164 | 812,004 |
| Number Of Employees | 91 | 98 | 101 | 109 | 61 | 64 | 55 | 54 | 48 | 44 | 35 | 35 | 36 | 31 |
| EBITDA* |
* 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 | 1,276,958 | 1,258,936 | 1,289,969 | 1,306,694 | 1,299,087 | 1,328,575 | 2,838 | 2,515 | 8,702 | 14,891 | 7,355 | 1,588 | 3,349 | 5,111 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 3,640 | 3,640 | 47,097 | 3,640 | 2,433 | 2,433 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,280,598 | 1,262,576 | 1,337,066 | 1,310,334 | 1,301,520 | 1,331,008 | 2,838 | 2,515 | 8,702 | 14,891 | 7,355 | 1,588 | 3,349 | 5,112 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,090,992 | 413,150 | 950,027 | 381,295 | 136,585 | 92,260 | 152,723 | 59,870 | 216,657 | 120,374 | 170,042 | 98,359 | 88,099 | 110,287 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 127,807 | 311,933 | 209,671 | 215,871 | 84,625 | 295,824 | 22,037 | 13,751 | 18,190 | 15,801 | 20,565 | 20,175 | 16,634 | 8,794 |
| Cash | 6,668,540 | 6,663,838 | 6,148,304 | 5,782,374 | 6,636,780 | 6,467,073 | 420,960 | 1,005,632 | 621,852 | 735,314 | 726,007 | 719,958 | 532,162 | 322,612 |
| misc current assets | 2,874 | 2,874 | 4,049 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,890,213 | 7,391,795 | 7,312,051 | 6,379,540 | 6,857,990 | 6,855,157 | 595,720 | 1,079,253 | 856,699 | 871,489 | 916,614 | 838,492 | 636,895 | 441,693 |
| total assets | 9,170,811 | 8,654,371 | 8,649,117 | 7,689,874 | 8,159,510 | 8,186,165 | 598,558 | 1,081,768 | 865,401 | 886,380 | 923,969 | 840,080 | 640,244 | 446,805 |
| 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 | 183,412 | 156,026 | 143,973 | 57,630 | 133,900 | 92,242 | 29,760 | 28,136 | 13,009 | 14,001 | 11,210 | 19,574 | 9,682 | 7,508 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 984,049 | 759,164 | 961,629 | 328,427 | 210,281 | 127,613 | 80,248 | 372,506 | 212,005 | 132,601 | 217,435 | 181,634 | 260,904 | 153,396 |
| total current liabilities | 1,167,461 | 915,190 | 1,105,602 | 386,057 | 344,181 | 219,855 | 110,008 | 400,642 | 225,014 | 146,602 | 228,645 | 201,208 | 270,586 | 160,904 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,167,461 | 915,190 | 1,105,602 | 386,057 | 344,181 | 219,855 | 110,008 | 400,642 | 225,014 | 146,602 | 228,645 | 201,208 | 270,586 | 160,904 |
| net assets | 8,003,350 | 7,739,181 | 7,543,515 | 7,303,817 | 7,815,329 | 7,966,310 | 488,550 | 681,126 | 640,387 | 739,778 | 695,324 | 638,872 | 369,658 | 285,901 |
| total shareholders funds | 8,003,350 | 7,739,181 | 7,543,515 | 7,303,817 | 7,815,329 | 7,966,310 | 488,550 | 681,126 | 640,387 | 739,778 | 695,324 | 638,872 | 369,658 | 285,901 |
| 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 | ||||||||||||||
| Depreciation | 41,037 | 39,750 | 45,467 | 58,250 | 33,928 | 16,673 | 2,515 | 6,188 | 6,188 | 3,000 | 1,428 | 1,762 | 1,761 | 1,468 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 493,716 | -434,615 | 562,532 | 375,956 | -166,874 | 213,324 | 101,139 | -161,226 | 98,672 | -54,432 | 72,073 | 13,801 | -14,348 | 119,081 |
| Creditors | 27,386 | 12,053 | 86,343 | -76,270 | 41,658 | 62,482 | 1,624 | 15,127 | -992 | 2,791 | -8,364 | 9,892 | 2,174 | 7,508 |
| Accruals and Deferred Income | 224,885 | -202,465 | 633,202 | 118,146 | 82,668 | 47,365 | -292,258 | 160,501 | 79,404 | -84,834 | 35,801 | -79,270 | 107,508 | 153,396 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -4,440 | -53,587 | -2,838 | 0 | ||||||
| Change in Investments | 0 | -43,457 | 43,457 | 1,207 | 0 | 2,433 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 |
| cash flow from investments | 0 | 43,457 | -43,457 | -1,207 | -4,440 | -56,020 | -2,838 | 0 | ||||||
| Financing Activities | ||||||||||||||
| Bank loans | 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 |
| 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 | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | 0 | 0 | 0 | 0 | 0 | 7,488,487 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 338,356 |
| cash and cash equivalents | ||||||||||||||
| cash | 4,702 | 515,534 | 365,930 | -854,406 | 169,707 | 6,046,113 | -584,672 | 383,780 | -113,462 | 9,307 | 6,049 | 187,796 | 209,550 | 322,612 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 4,702 | 515,534 | 365,930 | -854,406 | 169,707 | 6,046,113 | -584,672 | 383,780 | -113,462 | 9,307 | 6,049 | 187,796 | 209,550 | 322,612 |
spear housing association limited Credit Report and Business Information
Spear Housing Association Limited Competitor Analysis
Perform a competitor analysis for spear housing association limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other mid companies, companies in TW1 area or any other competitors across 12 key performance metrics.
spear housing association limited Ownership
SPEAR HOUSING ASSOCIATION LIMITED group structure
Spear Housing Association Limited has no subsidiary companies.
Ultimate parent company
SPEAR HOUSING ASSOCIATION LIMITED
06396687
spear housing association limited directors
Spear Housing Association Limited currently has 11 directors. The longest serving directors include Mr John Stephen (Mar 2010) and Mr Grant Healy (Apr 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Stephen | United Kingdom | 77 years | Mar 2010 | - | Director |
| Mr Grant Healy | 70 years | Apr 2015 | - | Director | |
| Mr Duncan Richford | England | 51 years | May 2016 | - | Director |
| Ms Charlotta Campanale | England | 56 years | Nov 2016 | - | Director |
| Mr Jonathan Cardy | England | 63 years | Nov 2016 | - | Director |
| Mr Alex Doig | England | 54 years | Feb 2017 | - | Director |
| Mr Paul Doe | 68 years | Feb 2018 | - | Director | |
| Ms Christine Reay | 78 years | Feb 2018 | - | Director | |
| Ms Fiona Barrett | England | 48 years | Mar 2020 | - | Director |
| Mr Nigel Bloomer | 64 years | Mar 2020 | - | Director |
P&L
March 2023turnover
5.2m
-3%
operating profit
42.8k
0%
gross margin
42.4%
-0.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
8m
+0.03%
total assets
9.2m
+0.06%
cash
6.7m
0%
net assets
Total assets minus all liabilities
spear housing association limited company details
company number
06396687
Type
Private Ltd By Guarantee w/o Share Cap
industry
87900 - Other residential care activities
88990 - Other social work activities without accommodation n.e.c.
incorporation date
October 2007
age
17
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
SAYER VINCENT LLP
address
89 heath road, twickenham, TW1 4AW
Bank
CAF BACK LIMITED
Legal Advisor
RUSSELL COOKE LLP
spear housing association 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 did not find charges/mortgages relating to spear housing association limited.
spear housing association limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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spear housing association limited Companies House Filings - See Documents
| date | description | view/download |
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