Spansec Security Ltd

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spansec security ltd Company Information

Live

EstablishedMicroHealthy

Company Number

06794591

Website

spansec.com

Registered Address

unit 6, homefield industrial estate, weston-super-mare, somerset, BS24 7BE

Industry

Security systems service activities

Telephone

01934615010

Next Accounts Due

October 2024

Group Structure

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Directors

Stuart Patch12 Years

Tristan Welfare11 Years

Shareholders

tristan welfare 50%

stuart patch 50%

spansec security ltd Estimated Valuation

£156.8k

Pomanda estimates the enterprise value of SPANSEC SECURITY LTD at £156.8k based on a Turnover of £486.1k and 0.32x industry multiple (adjusted for size and gross margin).

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Spansec Security Ltd is a live company located in weston-super-mare, BS24 7BE with a Companies House number of 06794591. It operates in the security systems service activities sector, SIC Code 80200. Founded in January 2009, it's largest shareholder is tristan welfare with a 50% stake. Spansec Security Ltd is a established, micro sized company, Pomanda has estimated its turnover at £486.1k with healthy growth in recent years.

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Pomanda's financial health check has awarded Spansec Security Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £486.1k, make it smaller than the average company (£1.5m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (2.2%)

EXPORT

Spansec Security Ltd's latest turnover from January 2023 is estimated at £486.1 thousand and the company has net assets of £30.2 thousand. According to their latest financial statements, Spansec Security Ltd has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	486,053	424,311	453,653	344,555	354,304	237,279	199,249	164,636	77,277	103,174	13,557	1,106	0	1,170
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	369,992	320,426	344,496	267,699	264,023	173,138	147,871	118,652	54,392	70,545	9,302	747	0	739
Gross Profit	116,061	103,885	109,158	76,855	90,281	64,141	51,378	45,984	22,885	32,628	4,255	359	0	431
Admin Expenses	117,543	114,610	103,822	74,080	51,548	59,999	32,603	20,279	12,618	81,683	-5,109	570	347	432
Operating Profit	-1,482	-10,725	5,336	2,775	38,733	4,142	18,775	25,705	10,267	-49,055	9,364	-211	-347	-1
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	31	54	65	43	1	1	1
Pre-Tax Profit	-1,482	-10,725	5,336	2,775	38,733	4,142	18,775	25,736	10,322	-48,990	9,407	-210	-346	0
Tax	0	0	-1,014	-527	-7,359	-787	-3,755	-5,147	-2,168	0	-2,258	0	0	0
Profit After Tax	-1,482	-10,725	4,322	2,248	31,374	3,355	15,020	20,589	8,154	-48,990	7,149	-210	-346	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,482	-10,725	4,322	2,248	31,374	3,355	15,020	20,589	8,154	-48,990	7,149	-210	-346	0
Employee Costs	219,688	213,880	176,996	170,266	185,296	174,082	68,720	63,062	31,453	34,689	37,126	35,479	33,247	29,046
Number Of Employees	6	6	5	5	5	5	2	2	1	1	1	1	1	1
EBITDA*	-1,482	-10,725	5,336	2,775	38,733	4,142	18,775	25,705	11,439	-47,699	10,895	-211	-347	-1

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	28,983	34,854	10,153	6,038	8,050	5,556	2,181	2,846	3,510	4,069	4,594	0	0	0
Intangible Assets	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	51	51
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	28,983	34,854	10,153	6,038	8,050	5,556	2,181	2,846	3,510	4,069	4,594	0	51	51
Stock & work in progress	0	0	0	0	0	0	0	0	2,886	4,033	2,000	0	0	0
Trade Debtors	146,655	138,443	153,618	109,116	96,730	57,056	52,763	37,313	13,639	17,620	278	51	0	0
Group Debtors	0	0	0	0	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
Cash	0	0	0	0	0	0	0	0	12,481	9,230	16,867	293	117	207
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	146,655	138,443	153,618	109,116	96,730	57,056	52,763	37,313	29,006	30,883	19,145	344	117	207
total assets	175,638	173,297	163,771	115,154	104,780	62,612	54,944	40,159	32,516	34,952	23,739	344	168	258
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	107,140	93,317	71,399	71,323	60,847	53,740	53,871	54,106	67,001	76,419	15,675	1,142	756	500
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	107,140	93,317	71,399	71,323	60,847	53,740	53,871	54,106	67,001	76,419	15,675	1,142	756	500
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	38,333	48,333	50,000	5,781	8,131	4,444	0	0	0	1,172	1,713	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	38,333	48,333	50,000	5,781	8,131	4,444	0	0	0	1,172	1,713	0	0	0
total liabilities	145,473	141,650	121,399	77,104	68,978	58,184	53,871	54,106	67,001	77,591	17,388	1,142	756	500
net assets	30,165	31,647	42,372	38,050	35,802	4,428	1,073	-13,947	-34,485	-42,639	6,351	-798	-588	-242
total shareholders funds	30,165	31,647	42,372	38,050	35,802	4,428	1,073	-13,947	-34,485	-42,639	6,351	-798	-588	-242

	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	-1,482	-10,725	5,336	2,775	38,733	4,142	18,775	25,705	10,267	-49,055	9,364	-211	-347	-1
Depreciation	0	0	0	0	0	0	0	0	1,172	1,356	1,531	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-1,014	-527	-7,359	-787	-3,755	-5,147	-2,168	0	-2,258	0	0	0
Stock	0	0	0	0	0	0	0	-2,886	-1,147	2,033	2,000	0	0	0
Debtors	8,212	-15,175	44,502	12,386	39,674	4,293	15,450	23,674	-3,981	17,342	227	51	0	0
Creditors	13,823	21,918	76	10,476	7,107	-131	-235	-12,895	-9,418	60,744	14,533	386	256	500
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	4,129	26,368	-40,104	338	-1,193	-1,069	-665	-13,125	4,981	-6,330	20,943	124	-91	499
Investing Activities
capital expenditure	5,871	-24,701	-4,115	2,012	-2,494	-3,375	665	664	-613	-831	-6,125	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	-51	0	51
cash flow from investments	5,871	-24,701	-4,115	2,012	-2,494	-3,375	665	664	-613	-831	-6,125	51	0	-51
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	-10,000	-1,667	44,219	-2,350	3,687	4,444	0	0	-1,172	-541	1,713	0	0	0
share issue	0	0	0	0	0	0	0	-51	0	0	0	0	0	-242
interest	0	0	0	0	0	0	0	31	54	65	43	1	1	1
cash flow from financing	-10,000	-1,667	44,219	-2,350	3,687	4,444	0	-20	-1,118	-476	1,756	1	1	-241
cash and cash equivalents
cash	0	0	0	0	0	0	0	-12,481	3,251	-7,637	16,574	176	-90	207
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-12,481	3,251	-7,637	16,574	176	-90	207

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 spansec security ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in BS24 area or any other competitors across 12 key performance metrics.

SPANSEC SECURITY LTD group structure

Spansec Security Ltd has no subsidiary companies.

Ultimate parent company

SPANSEC SECURITY LTD

06794591

SPANSEC SECURITY LTD Shareholders

tristan welfare	50%
stuart patch	50%

Spansec Security Ltd currently has 2 directors. The longest serving directors include Mr Stuart Patch (Jan 2012) and Mr Tristan Welfare (Oct 2012).

officer	country	age	start	end	role
Mr Stuart Patch	England	35 years	Jan 2012	-	Director
Mr Tristan Welfare	England	47 years	Oct 2012	-	Director

P&L

January 2023

turnover

486.1k

+15%

operating profit

-1.5k

gross margin

23.9%

-2.47%

turnover

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

Balance Sheet

January 2023

net assets

30.2k

-0.05%

total assets

175.6k

+0.01%

cash

net assets

Total assets minus all liabilities

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4.5

company number

06794591

Type

Private limited with Share Capital

industry

80200 - Security systems service activities

incorporation date

January 2009

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

spanish security ltd (November 2017)

last accounts submitted

January 2023

address

unit 6, homefield industrial estate, weston-super-mare, somerset, BS24 7BE

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 spansec security ltd.

spansec security ltd Company Information

spansec security ltd Estimated Valuation

spansec security ltd Estimated Valuation

spansec security ltd Estimated Valuation

Spansec Security Ltd Overview

Spansec Security Ltd Health Check

SPANSEC SECURITY LTD financials

spansec security ltd Credit Report and Business Information

Spansec Security Ltd Competitor Analysis

spansec security ltd Ownership

spansec security ltd directors

spansec security ltd company details

spansec security ltd Charges & Mortgages

spansec security ltd Companies House Filings - See Documents