Pomanda estimates the enterprise value of SPIRE CONTRACTS LTD at £1.2m based on a Turnover of £3m and 0.39x industry multiple (adjusted for size and gross margin).
spire contracts ltdEstimated Valuation
£1.1m
Pomanda estimates the enterprise value of SPIRE CONTRACTS LTD at £1.1m based on an EBITDA of £310.5k and a 3.44x industry multiple (adjusted for size and gross margin).
spire contracts ltdEstimated Valuation
£1.2m
Pomanda estimates the enterprise value of SPIRE CONTRACTS LTD at £1.2m based on Net Assets of £888k and 1.33x industry multiple (adjusted for liquidity).
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Spire Contracts LtdOverview
Spire Contracts Ltd is a live company located in essex, RM17 5NL with a Companies House number of 06819511. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in February 2009, it's largest shareholder is
glenn david mullett
with a 100% stake. Spire Contracts Ltd is a established,
small sized company, Pomanda has estimated its turnover at
£3m with
high
growth in recent years.
Pomanda's financial health check has awarded Spire Contracts Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
8 Strong
2 Regular
1 Weak
Size
annual sales of £3m, make it larger than the average company (£486k)
£3m - Spire Contracts Ltd
£486k - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (10%)
25% - Spire Contracts Ltd
10% - Industry AVG
Production
with a gross margin of 19.6%, this company has a comparable cost of product (19.6%)
19.6% - Spire Contracts Ltd
19.6% - Industry AVG
Profitability
an operating margin of 8.3% make it more profitable than the average company (4.8%)
8.3% - Spire Contracts Ltd
4.8% - Industry AVG
Employees
with 6 employees, this is above the industry average (4)
6 - Spire Contracts Ltd
4 - Industry AVG
Pay Structure
on an average salary of £42.1k, the company has an equivalent pay structure (£42.1k)
£42.1k - Spire Contracts Ltd
£42.1k - Industry AVG
Efficiency
resulting in sales per employee of £505.6k, this is more efficient (£201.1k)
£505.6k - Spire Contracts Ltd
£201.1k - Industry AVG
Debtor Days
it gets paid by customers after 44 days, this is later than average (25 days)
44 days - Spire Contracts Ltd
25 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is slower than average (29 days)
34 days - Spire Contracts Ltd
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Spire Contracts Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 53 weeks, this is more cash available to meet short term requirements (13 weeks)
53 weeks - Spire Contracts Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 47.7%, this is a lower level of debt than the average (73.9%)
47.7% - Spire Contracts Ltd
73.9% - Industry AVG
SPIRE CONTRACTS LTD financials
EXPORT
Spire Contracts Ltd's latest turnover from March 2024 is estimated at £3 million and the company has net assets of £888 thousand. According to their latest financial statements, Spire Contracts Ltd has 6 employees and maintains cash reserves of £832 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
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
3,033,319
2,485,272
3,197,451
1,536,869
1,457,662
2,838,317
1,471,396
Other Income Or Grants
Cost Of Sales
2,440,450
1,994,849
2,608,119
1,262,048
1,177,221
2,233,138
1,150,475
Gross Profit
592,868
490,423
589,332
274,821
280,441
605,179
320,921
Admin Expenses
340,847
322,782
377,989
16,481
179,797
555,379
279,220
Operating Profit
252,021
167,641
211,343
258,340
100,644
49,800
41,701
Interest Payable
3,084
3,844
3,122
1,525
Interest Receivable
26,183
15,185
4,636
424
81
185
123
Pre-Tax Profit
275,120
178,983
212,857
257,240
100,725
49,985
41,825
Tax
-68,780
-34,007
-40,443
-48,876
-19,138
-9,497
-7,947
Profit After Tax
206,340
144,976
172,414
208,364
81,587
40,488
33,878
Dividends Paid
Retained Profit
206,340
144,976
172,414
208,364
81,587
40,488
33,878
Employee Costs
252,429
213,484
201,980
185,431
152,764
125,424
276,453
Number Of Employees
6
5
5
5
4
3
7
EBITDA*
310,477
217,354
248,934
280,110
100,644
49,800
49,986
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
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
171,870
151,752
107,016
58,755
26,291
26,456
36,041
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
171,870
151,752
107,016
58,755
26,291
26,456
36,041
Stock & work in progress
221,500
4,750
28,700
269,847
Trade Debtors
372,531
302,437
382,018
99,145
230,877
327,783
32,026
Group Debtors
312,700
265,000
Misc Debtors
7,100
49,276
38,008
41,508
12,650
54,524
Cash
832,021
165,416
549,174
687,127
161,648
49,381
misc current assets
total current assets
1,524,352
1,003,629
969,200
832,530
433,875
327,783
405,778
total assets
1,696,222
1,155,381
1,076,216
891,285
460,166
354,239
441,819
Bank overdraft
22,325
32,500
42,500
50,000
Bank loan
Trade Creditors
232,458
295,319
259,161
248,575
88,424
276,877
300,317
Group/Directors Accounts
329
1,506
51,506
69,721
100,102
other short term finances
hp & lease commitments
24,861
30,023
45,132
other current liabilities
528,200
114,324
141,184
158,670
115,685
107,622
total current liabilities
808,173
473,672
539,483
526,966
304,211
276,877
407,939
loans
hp & lease commitments
Accruals and Deferred Income
2,996
other liabilities
provisions
total long term liabilities
2,996
total liabilities
808,173
473,672
539,483
526,966
304,211
279,873
407,939
net assets
888,049
681,709
536,733
364,319
155,955
74,366
33,880
total shareholders funds
888,049
681,709
536,733
364,319
155,955
74,366
33,880
Mar 2024
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
252,021
167,641
211,343
258,340
100,644
49,800
41,701
Depreciation
58,456
49,713
37,591
21,770
8,285
Amortisation
Tax
-68,780
-34,007
-40,443
-48,876
-19,138
-9,497
-7,947
Stock
-221,500
221,500
-4,750
-23,950
28,700
-269,847
269,847
Debtors
75,618
196,687
279,373
-102,874
-84,256
241,233
86,550
Creditors
-62,861
36,158
10,586
160,151
-188,453
-23,440
300,317
Accruals and Deferred Income
413,876
-26,860
-17,486
42,985
112,689
-104,626
107,622
Deferred Taxes & Provisions
Cash flow from operations
738,594
-225,542
-73,032
561,194
61,298
-59,149
93,581
Investing Activities
capital expenditure
-78,574
-94,449
-85,852
-54,234
165
9,585
-44,326
Change in Investments
cash flow from investments
-78,574
-94,449
-85,852
-54,234
165
9,585
-44,326
Financing Activities
Bank loans
Group/Directors Accounts
-1,177
-50,000
-18,215
-30,381
100,102
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
-5,162
-15,109
45,132
other long term liabilities
share issue
2
-2
2
interest
23,099
11,341
1,514
-1,101
81
185
123
cash flow from financing
16,760
-53,768
28,431
-31,482
100,185
183
125
cash and cash equivalents
cash
666,605
-383,758
-137,953
525,479
161,648
-49,381
49,381
overdraft
-10,175
-10,000
-7,500
50,000
change in cash
676,780
-373,758
-130,453
475,479
161,648
-49,381
49,381
spire contracts ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for spire contracts ltd. Get real-time insights into spire contracts ltd's credit score, group structure and payment trends.
Perform a competitor analysis for spire contracts ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in RM17 area or any other competitors across 12 key performance metrics.
spire contracts ltd Ownership
SPIRE CONTRACTS LTD group structure
Spire Contracts Ltd has no subsidiary companies.
Ultimate parent company
SPIRE CONTRACTS LTD
06819511
SPIRE CONTRACTS LTD Shareholders
The sole shareholder of Spire Contracts Ltd is Glenn David Mullett.
glenn david mullett
100%
spire contracts ltd directors
Spire Contracts Ltd currently has 2 directors.
The longest serving directors include
Mr Glenn Mullett (Feb 2009) and
Mrs Larissa Amber (Oct 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 did not find charges/mortgages relating to spire contracts ltd.
spire contracts 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.
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spire contracts ltdCompanies House Filings - See Documents
