Pomanda estimates the enterprise value of SPILT MILK STUDIOS LTD at £286k based on a Turnover of £462.5k and 0.62x industry multiple (adjusted for size and gross margin).
spilt milk studios ltdEstimated Valuation
£76.9k
Pomanda estimates the enterprise value of SPILT MILK STUDIOS LTD at £76.9k based on an EBITDA of £20.9k and a 3.69x industry multiple (adjusted for size and gross margin).
spilt milk studios ltdEstimated Valuation
£460.7k
Pomanda estimates the enterprise value of SPILT MILK STUDIOS LTD at £460.7k based on Net Assets of £195.4k and 2.36x industry multiple (adjusted for liquidity).
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Spilt Milk Studios LtdOverview
Spilt Milk Studios Ltd is a live company located in broadstairs, CT10 2HX with a Companies House number of 07203733. It operates in the business and domestic software development sector, SIC Code 62012. Founded in March 2010, it's largest shareholder is
andrew smith
with a 96% stake. Spilt Milk Studios Ltd is a established,
micro sized company, Pomanda has estimated its turnover at
£462.5k with
rapid
growth in recent years.
Pomanda's financial health check has awarded Spilt Milk Studios Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
1 Strong
3 Regular
4 Weak
Size
annual sales of £462.5k, make it smaller than the average company (£3.9m)
£462.5k - Spilt Milk Studios Ltd
£3.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (10.5%)
43% - Spilt Milk Studios Ltd
10.5% - Industry AVG
Production
with a gross margin of 41.9%, this company has a higher cost of product (72%)
41.9% - Spilt Milk Studios Ltd
72% - Industry AVG
Profitability
an operating margin of 4.5% make it as profitable than the average company (3.9%)
4.5% - Spilt Milk Studios Ltd
3.9% - Industry AVG
Employees
with 4 employees, this is below the industry average (35)
4 - Spilt Milk Studios Ltd
35 - Industry AVG
Pay Structure
on an average salary of £67.9k, the company has an equivalent pay structure (£67.9k)
£67.9k - Spilt Milk Studios Ltd
£67.9k - Industry AVG
Efficiency
resulting in sales per employee of £115.6k, this is equally as efficient (£120.3k)
£115.6k - Spilt Milk Studios Ltd
£120.3k - Industry AVG
Debtor Days
it gets paid by customers after 131 days, this is later than average (59 days)
131 days - Spilt Milk Studios Ltd
59 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Spilt Milk Studios Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Spilt Milk Studios Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Spilt Milk Studios Ltd
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Spilt Milk Studios Ltd
- - Industry AVG
SPILT MILK STUDIOS LTD financials
EXPORT
Spilt Milk Studios Ltd's latest turnover from March 2024 is estimated at £462.5 thousand and the company has net assets of £195.4 thousand. According to their latest financial statements, Spilt Milk Studios Ltd has 4 employees and maintains cash reserves of 0 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
Turnover
462,494
429,045
157,755
158,274
85,725
151,708
89,991
85,802
95,610
3,943
10,723
25,292
11,839
378
Other Income Or Grants
Cost Of Sales
268,808
250,068
88,620
90,633
48,960
88,910
53,233
49,926
55,840
2,160
6,118
190
Gross Profit
193,686
178,977
69,135
67,640
36,765
62,798
36,758
35,876
39,770
1,783
4,605
25,292
11,839
189
Admin Expenses
172,834
-596,204
46,208
57,797
9,079
160,529
430,569
-102,283
160,929
7,032
-4,709
17,292
13,224
198
Operating Profit
20,852
775,181
22,927
9,843
27,686
-97,731
-393,811
138,159
-121,159
-5,249
9,314
8,000
-1,385
-9
Interest Payable
Interest Receivable
475
505
97
25
59
48
9
Pre-Tax Profit
20,852
775,181
22,927
9,843
27,686
-97,256
-393,306
138,256
-121,134
-5,190
9,362
8,000
-1,385
Tax
-5,213
-147,284
-4,356
-1,870
-5,260
-27,651
-2,153
-1,668
Profit After Tax
15,639
627,897
18,571
7,973
22,426
-97,256
-393,306
110,605
-121,134
-5,190
7,209
6,332
-1,385
Dividends Paid
2,493
529
Retained Profit
15,639
627,897
18,571
7,973
22,426
-97,256
-393,306
110,605
-121,134
-5,190
7,209
3,839
-1,914
Employee Costs
271,659
262,437
121,751
112,855
114,365
120,812
118,047
170,888
161,958
53,518
53,880
7,510
950
50,370
Number Of Employees
4
4
2
2
2
2
2
3
3
1
1
1
1
1
EBITDA*
20,852
775,181
22,927
9,843
27,686
-97,731
-393,681
138,885
-121,159
-4,362
9,992
8,497
-978
55
* 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
Tangible Assets
131
260
391
1,117
1,377
1,471
1,184
1,436
1,358
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
131
260
391
1,117
1,377
1,471
1,184
1,436
1,358
Stock & work in progress
142,034
102
80,284
Trade Debtors
167,214
169,166
56,562
58,062
16,407
56,530
20,804
1,403
1,208
180
2,862
668
7
Group Debtors
Misc Debtors
9,753
3,312
1,312
1,070
873
4
Cash
126,731
75,088
2,392
7,461
16,163
3,046
181
3,560
misc current assets
28,145
10,554
22,501
2,430
36,112
5,832
203
total current assets
195,359
179,720
79,063
60,492
52,519
56,530
157,288
221,837
5,014
93,757
20,095
4,587
388
3,567
total assets
195,359
179,720
79,063
60,492
52,519
56,661
157,548
222,228
6,131
95,134
21,566
5,771
1,824
4,925
Bank overdraft
Bank loan
Trade Creditors
44,413
4,529
7,067
3,679
473
418
4,924
Group/Directors Accounts
164
26,190
18,294
1,937
1,209
3,219
other short term finances
hp & lease commitments
other current liabilities
527,240
509,395
552,605
195,415
104,886
6,716
2,064
total current liabilities
527,240
553,808
557,298
228,672
123,180
12,332
3,746
3,637
4,924
loans
hp & lease commitments
Accruals and Deferred Income
527,240
527,240
other liabilities
91,090
provisions
total long term liabilities
527,240
527,240
91,090
total liabilities
527,240
527,240
527,240
553,808
557,298
228,672
123,180
91,090
12,332
3,746
3,637
4,924
net assets
195,359
179,720
-448,177
-466,748
-474,721
-497,147
-399,750
-6,444
-117,049
4,044
9,234
2,025
-1,813
1
total shareholders funds
195,359
179,720
-448,177
-466,748
-474,721
-497,147
-399,750
-6,444
-117,049
4,044
9,234
2,025
-1,813
1
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
Operating Activities
Operating Profit
20,852
775,181
22,927
9,843
27,686
-97,731
-393,811
138,159
-121,159
-5,249
9,314
8,000
-1,385
-9
Depreciation
130
726
887
678
497
407
64
Amortisation
Tax
-5,213
-147,284
-4,356
-1,870
-5,260
-27,651
-2,153
-1,668
Stock
-142,034
141,932
-80,182
80,284
Debtors
-1,952
112,604
-1,500
41,655
-40,123
25,973
25,842
2,195
2,340
-3,752
2,391
1,537
-3
7
Creditors
-44,413
39,884
-2,538
7,067
-3,679
3,206
55
-4,506
4,924
Accruals and Deferred Income
-527,240
17,845
-43,210
357,190
90,529
104,886
-6,716
4,652
2,064
Deferred Taxes & Provisions
Cash flow from operations
17,591
-11,947
20,071
-33,682
35,981
-127,030
77,163
64,703
61,569
-91,289
13,306
7,411
-5,481
4,972
Investing Activities
capital expenditure
131
129
1
260
-793
-965
-245
-485
-1,422
Change in Investments
cash flow from investments
131
129
1
260
-793
-965
-245
-485
-1,422
Financing Activities
Bank loans
Group/Directors Accounts
-164
-26,026
7,896
18,294
-1,937
728
-2,010
3,219
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-91,090
91,090
share issue
-141
41
-1
100
1
interest
475
505
97
25
59
48
9
cash flow from financing
170
-25,521
7,993
-72,730
89,212
776
-2,011
3,319
10
cash and cash equivalents
cash
-126,731
51,643
72,696
-5,069
-8,702
13,117
2,865
-3,379
3,560
overdraft
change in cash
-126,731
51,643
72,696
-5,069
-8,702
13,117
2,865
-3,379
3,560
spilt milk studios 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 spilt milk studios ltd. Get real-time insights into spilt milk studios ltd's credit score, group structure and payment trends.
Perform a competitor analysis for spilt milk studios ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in CT10 area or any other competitors across 12 key performance metrics.
spilt milk studios ltd Ownership
SPILT MILK STUDIOS LTD group structure
Spilt Milk Studios Ltd has no subsidiary companies.
Ultimate parent company
SPILT MILK STUDIOS LTD
07203733
SPILT MILK STUDIOS LTD Shareholders
The largest shareholders in Spilt Milk Studios Ltd include Andrew Smith and Simon Nicholas Crawford Lovell.
andrew smith
95.98%
simon nicholas crawford lovell
4.02%
spilt milk studios ltd directors
Spilt Milk Studios Ltd currently has 2 directors.
The longest serving directors include
Mr Andrew Smith (Mar 2010) and
Mr Simon Lovell (Mar 2012).
62012 - Business and domestic software development
incorporation date
March 2010
age
15
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
102 bromstone road, broadstairs, CT10 2HX
Bank
-
Legal Advisor
-
spilt milk studios 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 found 1 charges/mortgages relating to spilt milk studios ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
spilt milk studios 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 SPILT MILK STUDIOS LTD. This can take several minutes, an email will notify you when this has completed.
spilt milk studios ltdCompanies House Filings - See Documents
