spire property 23 limited

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spire property 23 limited Company Information

Share SPIRE PROPERTY 23 LIMITED

Company Number

06409139

Shareholders

spire uk holdco 4 ltd

Group Structure

View All

Industry

Other business support service activities n.e.c.

 

Registered Address

3 dorset rise, london, EC4Y 8EN

spire property 23 limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of SPIRE PROPERTY 23 LIMITED at £2.5m based on a Turnover of £5.7m and 0.45x industry multiple (adjusted for size and gross margin).

spire property 23 limited Estimated Valuation

£17m

Pomanda estimates the enterprise value of SPIRE PROPERTY 23 LIMITED at £17m based on an EBITDA of £5.2m and a 3.27x industry multiple (adjusted for size and gross margin).

spire property 23 limited Estimated Valuation

£76.8m

Pomanda estimates the enterprise value of SPIRE PROPERTY 23 LIMITED at £76.8m based on Net Assets of £36m and 2.13x industry multiple (adjusted for liquidity).

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Spire Property 23 Limited Overview

Spire Property 23 Limited is a live company located in london, EC4Y 8EN with a Companies House number of 06409139. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in October 2007, it's largest shareholder is spire uk holdco 4 ltd with a 100% stake. Spire Property 23 Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.7m with healthy growth in recent years.

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Spire Property 23 Limited Health Check

Pomanda's financial health check has awarded Spire Property 23 Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £5.7m, make it in line with the average company (£4.8m)

£5.7m - Spire Property 23 Limited

£4.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (6.7%)

7% - Spire Property 23 Limited

6.7% - Industry AVG

production

Production

with a gross margin of 17%, this company has a higher cost of product (38.2%)

17% - Spire Property 23 Limited

38.2% - Industry AVG

profitability

Profitability

an operating margin of 90.9% make it more profitable than the average company (5.7%)

90.9% - Spire Property 23 Limited

5.7% - Industry AVG

employees

Employees

with 14 employees, this is below the industry average (27)

14 - Spire Property 23 Limited

27 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Spire Property 23 Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £407.6k, this is more efficient (£171.3k)

£407.6k - Spire Property 23 Limited

£171.3k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Spire Property 23 Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Spire Property 23 Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Spire Property 23 Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Spire Property 23 Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 18.2%, this is a lower level of debt than the average (62.6%)

18.2% - Spire Property 23 Limited

62.6% - Industry AVG

SPIRE PROPERTY 23 LIMITED financials

EXPORTms excel logo

Spire Property 23 Limited's latest turnover from December 2023 is £5.7 million and the company has net assets of £36 million. According to their latest financial statements, we estimate that Spire Property 23 Limited has 14 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover5,707,0005,113,0004,784,0004,701,0004,587,0004,440,0004,294,0004,207,0004,145,0004,061,0004,025,0004,038,0004,023,0004,025,0004,025,000
Other Income Or Grants
Cost Of Sales4,739,2054,236,1574,032,5353,938,5543,810,2083,705,9293,563,6593,475,6053,465,3323,410,3463,391,4403,388,4773,346,1683,322,219
Gross Profit967,795876,843751,465762,446776,792734,071730,341731,395679,668650,654633,560649,523676,832702,781
Admin Expenses-4,221,205-3,514,157-3,107,535-3,013,554-2,885,208-2,563,460-2,407,931-2,296,105-2,954,082-2,440,346-2,419,440-2,409,477-2,364,168-2,339,219-3,020,000
Operating Profit5,189,0004,391,0003,859,0003,776,0003,662,0003,297,5313,138,2723,027,5003,633,7503,091,0003,053,0003,059,0003,041,0003,042,0003,020,000
Interest Payable59,00029,00019,00020,0002,369,0005,926,0005,316,0005,135,0004,977,0004,858,000
Interest Receivable5,0001,0001,0001,0001,0002,000
Pre-Tax Profit5,130,0004,362,0003,840,0003,756,0003,662,0003,515,0003,368,0003,264,0003,185,000727,000-2,872,000-2,256,000-2,093,000-1,934,000-1,836,000
Tax-1,327,000-966,000-905,000-889,000-872,000-844,000-826,000-842,000-278,000161,000335,000
Profit After Tax3,803,0003,396,0002,935,0002,867,0002,790,0002,671,0002,542,0002,422,0002,907,000727,000-2,872,000-2,256,000-2,093,000-1,773,000-1,501,000
Dividends Paid5,899,0005,305,0004,902,0004,778,0004,689,0004,548,0004,397,0004,406,0004,227,0002,106,000
Retained Profit-2,096,000-1,909,000-1,967,000-1,911,000-1,899,000-1,877,000-1,855,000-1,984,000-1,320,000-1,379,000-2,872,000-2,256,000-2,093,000-1,773,000-1,501,000
Employee Costs
Number Of Employees1414141414141414131212121213
EBITDA*5,189,0004,391,0004,784,0004,701,0003,662,0004,222,5314,064,2723,970,5004,593,7504,061,0004,025,0004,038,0004,023,0004,025,0004,025,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets52,150,00053,122,00054,101,00055,083,00056,066,000
Intangible Assets
Investments & Other43,412,00043,929,00044,651,00045,576,00046,501,00047,426,00048,351,00049,277,00051,071,00052,309,000
Debtors (Due After 1 year)564,000628,000696,000767,000844,000904,000975,0009,0001,180,0001,248,0001,319,0001,313,0001,177,000936,000588,000
Total Fixed Assets43,976,00044,557,00045,347,00046,343,00047,345,00048,330,00049,326,00049,286,00052,251,00053,557,00053,469,00054,435,00055,278,00056,019,00056,654,000
Stock & work in progress
Trade Debtors72,00072,0001,119,000
Group Debtors64,00068,00072,00072,00064,000121,000999,000896,000916,000907,000896,000
Misc Debtors146,000
Cash
misc current assets
total current assets64,00068,00072,00072,00064,00072,00072,0001,119,000121,000146,000999,000896,000916,000907,000896,000
total assets44,040,00044,625,00045,419,00046,415,00047,409,00048,402,00049,398,00050,405,00052,372,00053,703,00054,468,00055,331,00056,194,00056,926,00057,550,000
Bank overdraft
Bank loan
Trade Creditors
Group/Directors Accounts2,226,0002,042,0001,893,0001,827,0001,800,0001,765,000911,000880,000863,000874,000831,000806,000785,000760,000738,000
other short term finances47,296,000629,000629,000623,000617,000
hp & lease commitments
other current liabilities5,803,0004,476,0003,510,0002,605,0001,715,000844,000817,000258,000258,000258,000254,000258,000
total current liabilities8,029,0006,518,0005,403,0004,432,0003,515,0002,609,0001,728,000880,000863,000874,00048,385,0001,693,0001,672,0001,637,0001,613,000
loans17,587,00062,010,00060,379,00058,795,00057,252,000
hp & lease commitments
Accruals and Deferred Income684,000944,0001,203,0001,461,0001,718,000
other liabilities
provisions161,000
total long term liabilities18,271,00062,954,00061,582,00060,256,00059,131,000
total liabilities8,029,0006,518,0005,403,0004,432,0003,515,0002,609,0001,728,000880,000863,000874,00066,656,00064,647,00063,254,00061,893,00060,744,000
net assets36,011,00038,107,00040,016,00041,983,00043,894,00045,793,00047,670,00049,525,00051,509,00052,829,000-12,188,000-9,316,000-7,060,000-4,967,000-3,194,000
total shareholders funds36,011,00038,107,00040,016,00041,983,00043,894,00045,793,00047,670,00049,525,00051,509,00052,829,000-12,188,000-9,316,000-7,060,000-4,967,000-3,194,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit5,189,0004,391,0003,859,0003,776,0003,662,0003,297,5313,138,2723,027,5003,633,7503,091,0003,053,0003,059,0003,041,0003,042,0003,020,000
Depreciation925,000925,000925,000926,000943,000960,000970,000972,000979,000982,000983,0001,005,000
Amortisation
Tax-1,327,000-966,000-905,000-889,000-872,000-844,000-826,000-842,000-278,000161,000335,000
Stock
Debtors-68,000-72,000-71,000-69,000-68,000-71,000-81,000-173,000-93,000-924,000109,000116,000250,000359,0001,484,000
Creditors
Accruals and Deferred Income1,327,000966,000905,000890,000871,00027,000817,000-942,000-260,000-259,000-254,000-261,0001,976,000
Deferred Taxes & Provisions-161,000161,000
Cash flow from operations5,257,0004,463,0004,855,0004,771,0003,729,0003,476,5314,136,2723,301,5004,408,7504,043,0003,656,0003,663,0003,519,0003,405,0005,013,000
Investing Activities
capital expenditure-925,000-925,000-925,000-926,000-943,000-960,00051,180,000-57,071,000
Change in Investments-517,000-722,000-925,000-925,000-925,000-925,000-926,000-1,794,000-1,238,00052,309,000
cash flow from investments517,000722,000925,000851,000278,000-1,129,000-57,071,000
Financing Activities
Bank loans
Group/Directors Accounts184,000149,00066,00027,00035,000854,00031,00017,000-11,00043,00025,00021,00025,00022,000738,000
Other Short Term Loans -47,296,00046,667,0006,0006,000617,000
Long term loans-17,587,000-44,423,0001,631,0001,584,0001,543,00057,252,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue66,396,000-1,693,000
interest-59,000-29,000-19,000-20,000-2,364,000-5,925,000-5,315,000-5,134,000-4,976,000-4,856,000
cash flow from financing125,000120,00047,0007,00035,000854,00031,00017,000-11,000-808,000-3,656,000-3,663,000-3,519,000-3,405,00052,058,000
cash and cash equivalents
cash
overdraft
change in cash

spire property 23 limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Spire Property 23 Limited Competitor Analysis

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Perform a competitor analysis for spire property 23 limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in EC4Y area or any other competitors across 12 key performance metrics.

spire property 23 limited Ownership

SPIRE PROPERTY 23 LIMITED group structure

Spire Property 23 Limited has no subsidiary companies.

Ultimate parent company

2 parents

SPIRE PROPERTY 23 LIMITED

06409139

SPIRE PROPERTY 23 LIMITED Shareholders

spire uk holdco 4 ltd 100%

spire property 23 limited directors

Spire Property 23 Limited currently has 4 directors. The longest serving directors include Mr Peter Corfield (Mar 2018) and Mr Harbant Samra (Mar 2022).

officercountryagestartendrole
Mr Peter CorfieldUnited Kingdom53 years Mar 2018- Director
Mr Harbant Samra45 years Mar 2022- Director
Harbant Samra51 years Mar 2022- Director
Mr Mantraraj Budhdev38 years May 2024- Director

P&L

December 2023

turnover

5.7m

+12%

operating profit

5.2m

+18%

gross margin

17%

-1.12%

turnover

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

Balance Sheet

December 2023

net assets

36m

-0.06%

total assets

44m

-0.01%

cash

0

0%

net assets

Total assets minus all liabilities

spire property 23 limited company details

company number

06409139

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

October 2007

age

18

incorporated

UK

ultimate parent company

accounts

Audit Exemption Subsidiary

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

3 dorset rise, london, EC4Y 8EN

Bank

-

Legal Advisor

-

spire property 23 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 3 charges/mortgages relating to spire property 23 limited. Currently there are 0 open charges and 3 have been satisfied in the past.

spire property 23 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.

Click to start generating capital raising & share issue transactions for SPIRE PROPERTY 23 LIMITED. This can take several minutes, an email will notify you when this has completed.

spire property 23 limited Companies House Filings - See Documents

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