spansec security ltd
spansec security ltd Company Information
Company Number
06794591
Next Accounts
Oct 2025
Shareholders
tristan welfare
stuart patch
Group Structure
View All
Industry
Security systems service activities
Registered Address
unit 6, homefield industrial estate, weston-super-mare, somerset, BS24 7BE
Website
spansec.comspansec security ltd Estimated Valuation
Pomanda estimates the enterprise value of SPANSEC SECURITY LTD at £192.6k based on a Turnover of £442.3k and 0.44x industry multiple (adjusted for size and gross margin).
spansec security ltd Estimated Valuation
Pomanda estimates the enterprise value of SPANSEC SECURITY LTD at £0 based on an EBITDA of £-29.8k and a 3.62x industry multiple (adjusted for size and gross margin).
spansec security ltd Estimated Valuation
Pomanda estimates the enterprise value of SPANSEC SECURITY LTD at £707 based on Net Assets of £326 and 2.17x industry multiple (adjusted for liquidity).
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Spansec Security Ltd Overview
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 £442.3k with declining growth in recent years.
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Spansec Security Ltd Health Check
Pomanda's financial health check has awarded Spansec Security Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £442.3k, make it smaller than the average company (£2.6m)
- Spansec Security Ltd
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (8.4%)
- Spansec Security Ltd
8.4% - Industry AVG
Production
with a gross margin of 27.1%, this company has a higher cost of product (37.2%)
- Spansec Security Ltd
37.2% - Industry AVG
Profitability
an operating margin of -6.7% make it less profitable than the average company (6.2%)
- Spansec Security Ltd
6.2% - Industry AVG
Employees
with 6 employees, this is below the industry average (22)
6 - Spansec Security Ltd
22 - Industry AVG
Pay Structure
on an average salary of £39.2k, the company has an equivalent pay structure (£39.2k)
- Spansec Security Ltd
£39.2k - Industry AVG
Efficiency
resulting in sales per employee of £73.7k, this is less efficient (£105.9k)
- Spansec Security Ltd
£105.9k - Industry AVG
Debtor Days
it gets paid by customers after 107 days, this is later than average (67 days)
- Spansec Security Ltd
67 days - Industry AVG
Creditor Days
its suppliers are paid after 136 days, this is slower than average (46 days)
- Spansec Security Ltd
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Spansec Security Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Spansec Security Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.8%, this is a higher level of debt than the average (67.8%)
99.8% - Spansec Security Ltd
67.8% - Industry AVG
SPANSEC SECURITY LTD financials
Spansec Security Ltd's latest turnover from January 2024 is estimated at £442.3 thousand and the company has net assets of £326. 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 2024 | 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 | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 6 | 6 | 6 | 5 | 5 | 5 | 5 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | 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 | 19,080 | 28,983 | 34,854 | 10,153 | 6,038 | 8,050 | 5,556 | 2,181 | 2,846 | 3,510 | 4,069 | 4,594 | |||
| Intangible Assets | |||||||||||||||
| Investments & Other | 51 | 51 | |||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 19,080 | 28,983 | 34,854 | 10,153 | 6,038 | 8,050 | 5,556 | 2,181 | 2,846 | 3,510 | 4,069 | 4,594 | 51 | 51 | |
| Stock & work in progress | 2,886 | 4,033 | 2,000 | ||||||||||||
| Trade Debtors | 129,806 | 146,655 | 138,443 | 153,618 | 109,116 | 96,730 | 57,056 | 52,763 | 37,313 | 13,639 | 17,620 | 278 | 51 | ||
| Group Debtors | |||||||||||||||
| Misc Debtors | |||||||||||||||
| Cash | 12,481 | 9,230 | 16,867 | 293 | 117 | 207 | |||||||||
| misc current assets | |||||||||||||||
| total current assets | 129,806 | 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 | 148,886 | 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 | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 120,227 | 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 | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 120,227 | 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 | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 28,333 | 38,333 | 48,333 | 50,000 | 5,781 | 8,131 | 4,444 | 1,172 | 1,713 | ||||||
| provisions | |||||||||||||||
| total long term liabilities | 28,333 | 38,333 | 48,333 | 50,000 | 5,781 | 8,131 | 4,444 | 1,172 | 1,713 | ||||||
| total liabilities | 148,560 | 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 | 326 | 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 | 326 | 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 2024 | 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 | |||||||||||||||
| Depreciation | 1,172 | 1,356 | 1,531 | ||||||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -2,886 | -1,147 | 2,033 | 2,000 | |||||||||||
| Debtors | -16,849 | 8,212 | -15,175 | 44,502 | 12,386 | 39,674 | 4,293 | 15,450 | 23,674 | -3,981 | 17,342 | 227 | 51 | ||
| Creditors | 13,087 | 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 | |||||||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -51 | 51 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -10,000 | -10,000 | -1,667 | 44,219 | -2,350 | 3,687 | 4,444 | -1,172 | -541 | 1,713 | |||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -12,481 | 3,251 | -7,637 | 16,574 | 176 | -90 | 207 | ||||||||
| overdraft | |||||||||||||||
| change in cash | -12,481 | 3,251 | -7,637 | 16,574 | 176 | -90 | 207 |
spansec security ltd Credit Report and Business Information
Spansec Security Ltd Competitor Analysis
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 Ownership
SPANSEC SECURITY LTD group structure
Spansec Security Ltd has no subsidiary companies.
Ultimate parent company
SPANSEC SECURITY LTD
06794591
spansec security ltd directors
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 | 36 years | Jan 2012 | - | Director |
| Mr Tristan Welfare | England | 48 years | Oct 2012 | - | Director |
P&L
January 2024turnover
442.3k
-12%
operating profit
-29.8k
0%
gross margin
27.2%
+13.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
326
-0.99%
total assets
148.9k
-0.15%
cash
0
0%
net assets
Total assets minus all liabilities
spansec security ltd company details
company number
06794591
Type
Private limited with Share Capital
industry
80200 - Security systems service activities
incorporation date
January 2009
age
16
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
January 2024
previous names
spanish security ltd (November 2017)
accountant
-
auditor
-
address
unit 6, homefield industrial estate, weston-super-mare, somerset, BS24 7BE
Bank
-
Legal Advisor
-
spansec security ltd 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 spansec security ltd.
spansec security ltd 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 SPANSEC SECURITY LTD. This can take several minutes, an email will notify you when this has completed.
spansec security ltd Companies House Filings - See Documents
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