Pomanda estimates the enterprise value of BOOM SPIN LTD at £3.2m based on a Turnover of £3.4m and 0.92x industry multiple (adjusted for size and gross margin).
boom spin ltdEstimated Valuation
£501.6k
Pomanda estimates the enterprise value of BOOM SPIN LTD at £501.6k based on an EBITDA of £140.1k and a 3.58x industry multiple (adjusted for size and gross margin).
boom spin ltdEstimated Valuation
£1.8m
Pomanda estimates the enterprise value of BOOM SPIN LTD at £1.8m based on Net Assets of £960.1k and 1.87x industry multiple (adjusted for liquidity).
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Boom Spin LtdOverview
Boom Spin Ltd is a live company located in london, EC4M 7RB with a Companies House number of 07221639. It operates in the other sports activities sector, SIC Code 93199. Founded in April 2010, it's largest shareholder is
united fitness brands ltd
with a 100% stake. Boom Spin Ltd is a established,
small sized company, Pomanda has estimated its turnover at
£3.4m with
high
growth in recent years.
Pomanda's financial health check has awarded Boom Spin Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
6 Strong
3 Regular
3 Weak
Size
annual sales of £3.4m, make it larger than the average company (£510.9k)
£3.4m - Boom Spin Ltd
£510.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (-1.8%)
28% - Boom Spin Ltd
-1.8% - Industry AVG
Production
with a gross margin of 44.9%, this company has a comparable cost of product (44.9%)
44.9% - Boom Spin Ltd
44.9% - Industry AVG
Profitability
an operating margin of -6.1% make it less profitable than the average company (4.1%)
-6.1% - Boom Spin Ltd
4.1% - Industry AVG
Employees
with 70 employees, this is above the industry average (14)
70 - Boom Spin Ltd
14 - Industry AVG
Pay Structure
on an average salary of £27.4k, the company has an equivalent pay structure (£27.4k)
£27.4k - Boom Spin Ltd
£27.4k - Industry AVG
Efficiency
resulting in sales per employee of £48.9k, this is equally as efficient (£56.7k)
£48.9k - Boom Spin Ltd
£56.7k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (15 days)
10 days - Boom Spin Ltd
15 days - Industry AVG
Creditor Days
its suppliers are paid after 150 days, this is slower than average (29 days)
150 days - Boom Spin Ltd
29 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (22 days)
3 days - Boom Spin Ltd
22 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 3 weeks, this is less cash available to meet short term requirements (81 weeks)
3 weeks - Boom Spin Ltd
81 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66%, this is a higher level of debt than the average (42.7%)
66% - Boom Spin Ltd
42.7% - Industry AVG
BOOM SPIN LTD financials
EXPORT
Boom Spin Ltd's latest turnover from December 2021 is estimated at £3.4 million and the company has net assets of £960.1 thousand. According to their latest financial statements, Boom Spin Ltd has 70 employees and maintains cash reserves of £108.9 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Turnover
3,423,062
2,537,692
1,814,498
1,643,897
1,487,216
563,549
228,095
1,119,452
1,000,306
679,429
335,389
Other Income Or Grants
Cost Of Sales
1,885,425
1,494,753
1,070,130
974,826
852,235
318,509
130,972
590,145
538,182
376,130
188,817
Gross Profit
1,537,637
1,042,938
744,368
669,071
634,981
245,040
97,123
529,307
462,124
303,300
146,573
Admin Expenses
1,747,721
1,976,937
2,057,309
1,501,070
1,787,738
486,739
558,758
826,029
840,175
383,834
229,545
Operating Profit
-210,084
-933,999
-1,312,941
-831,999
-1,152,757
-241,699
-461,635
-296,722
-378,051
-80,534
-82,972
Interest Payable
4,900
7,625
16,875
40,500
39,001
9,506
135
Interest Receivable
175
38
417
483
316
81
76
129
491
432
17
Pre-Tax Profit
-214,809
-941,586
-1,329,399
-872,016
-1,191,442
-251,125
-461,694
-296,593
-377,560
-80,102
-82,955
Tax
Profit After Tax
-214,809
-941,586
-1,329,399
-872,016
-1,191,442
-251,125
-461,694
-296,593
-377,560
-80,102
-82,955
Dividends Paid
Retained Profit
-214,809
-941,586
-1,329,399
-872,016
-1,191,442
-251,125
-461,694
-296,593
-377,560
-80,102
-82,955
Employee Costs
1,920,847
1,745,547
1,123,061
1,070,011
991,037
67,194
49,267
432,701
386,711
283,200
144,845
Number Of Employees
70
70
46
45
45
3
2
17
16
11
6
EBITDA*
140,067
-870,103
-1,025,634
-635,954
-702,254
-97,504
-383,441
-183,744
-261,632
-52,643
-66,770
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Tangible Assets
1,107,374
1,305,757
1,301,992
1,194,926
1,325,301
130,634
141,499
210,605
276,363
64,060
87,010
Intangible Assets
5,240
28,949
53,169
53,072
49,073
35,911
26,192
33,494
32,007
5,543
7,021
Investments & Other
40
40
5
5
5
Debtors (Due After 1 year)
163,369
600,779
162,576
106,700
30,200
30,200
30,200
5,000
5,000
Total Fixed Assets
1,112,654
1,334,746
1,518,535
1,848,782
1,536,955
273,245
197,891
274,299
338,570
74,603
99,031
Stock & work in progress
16,055
19,709
14,354
25,883
16,693
3,824
6,231
5,053
4,360
Trade Debtors
95,622
15,019
40,381
44,365
26,820
31,207
58,410
50,210
19,420
8,810
Group Debtors
1,335,640
1,558,037
1,596,469
88,236
73,977
Misc Debtors
153,727
209,623
52,875
167,350
276,417
42,274
59,197
Cash
108,906
31,056
44,477
66,840
62,000
64,213
201
21,134
30,347
165,905
6,776
misc current assets
total current assets
1,709,950
1,833,444
1,748,556
392,674
455,907
141,518
65,629
84,597
84,917
185,325
15,586
total assets
2,822,604
3,168,190
3,267,091
2,241,456
1,992,862
414,763
263,520
358,896
423,487
259,928
114,617
Bank overdraft
5,000
5,000
4,143
Bank loan
Trade Creditors
775,568
615,365
296,303
171,543
164,128
150,706
62,562
195,380
207,570
144,420
70,394
Group/Directors Accounts
12,616
other short term finances
300,000
900,000
300,026
26
hp & lease commitments
77,079
15,852
37,755
13,481
17,478
other current liabilities
950,684
1,239,549
1,192,810
462,453
308,274
113,977
74,961
total current liabilities
1,731,252
1,859,914
1,578,808
949,848
1,410,157
578,190
159,170
195,380
207,570
144,420
70,394
loans
101,810
45,000
200,000
hp & lease commitments
181,751
51,295
44,577
16,929
Accruals and Deferred Income
other liabilities
29,423
88,348
23,530
13,686
5,791
17,178
provisions
total long term liabilities
131,233
133,348
381,751
51,295
44,577
16,929
23,530
13,686
5,791
17,178
total liabilities
1,862,485
1,993,262
1,960,559
1,001,143
1,454,734
578,190
176,099
218,910
221,256
150,211
87,572
net assets
960,119
1,174,928
1,306,532
1,240,313
538,128
-163,427
87,421
139,986
202,231
109,717
27,045
total shareholders funds
960,119
1,174,928
1,306,532
1,240,313
538,128
-163,427
87,421
139,986
202,231
109,717
27,045
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Operating Activities
Operating Profit
-210,084
-933,999
-1,312,941
-831,999
-1,152,757
-241,699
-461,635
-296,722
-378,051
-80,534
-82,972
Depreciation
325,772
63,896
287,307
196,045
427,135
128,076
70,892
102,026
107,955
26,413
15,831
Amortisation
24,379
23,368
16,119
7,302
10,952
8,464
1,478
371
Tax
Stock
-3,654
5,355
-11,529
9,190
12,869
-2,407
1,871
693
4,360
Debtors
-197,690
-70,415
952,364
360,940
359,609
90,784
8,987
8,200
55,990
10,610
13,810
Creditors
160,203
319,062
124,760
7,415
13,422
88,144
-145,008
-12,190
63,150
74,026
70,394
Accruals and Deferred Income
-288,865
46,739
730,357
154,179
194,297
39,016
74,961
Deferred Taxes & Provisions
Cash flow from operations
212,749
-439,242
-1,111,352
-844,490
-867,013
-58,721
-464,346
-204,827
-258,832
10,773
-10,186
Investing Activities
capital expenditure
-128,059
-43,441
-394,470
-69,669
-1,658,332
-143,049
62,485
-48,707
-355,186
-3,463
-110,233
Change in Investments
35
5
cash flow from investments
-128,059
-43,476
-394,470
-69,669
-1,658,337
-143,049
62,485
-48,707
-355,186
-3,463
-110,233
Financing Activities
Bank loans
Group/Directors Accounts
-12,616
12,616
Other Short Term Loans
-300,000
-600,000
599,974
300,000
26
Long term loans
56,810
-155,000
200,000
Hire Purchase and Lease Commitments
-258,830
191,683
-15,185
68,851
-20,926
34,407
other long term liabilities
-58,925
88,348
-13,686
9,844
7,895
-11,387
17,178
share issue
809,982
1,395,618
1,574,201
1,892,997
277
346,884
234,348
470,074
162,774
110,000
interest
-4,725
-7,587
-16,458
-40,017
-38,685
-9,425
-59
129
491
432
17
cash flow from financing
-6,840
464,297
1,483,459
918,999
2,523,137
269,926
367,572
244,321
478,460
151,819
127,195
cash and cash equivalents
cash
77,850
-13,421
-22,363
4,840
-2,213
64,012
-30,146
-9,213
-135,558
159,129
6,776
overdraft
5,000
-4,143
4,143
change in cash
77,850
-18,421
-22,363
4,840
-2,213
68,155
-34,289
-9,213
-135,558
159,129
6,776
boom spin 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 boom spin ltd. Get real-time insights into boom spin ltd's credit score, group structure and payment trends.
Perform a competitor analysis for boom spin ltd by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other small companies, companies in EC4M area or any other competitors across 12 key performance metrics.
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 4 charges/mortgages relating to boom spin ltd. Currently there are 0 open charges and 4 have been satisfied in the past.
boom spin 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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boom spin ltdCompanies House Filings - See Documents
