mainspring developments limited
mainspring developments limited Company Information
Company Number
08149124
Website
mainspring.co.ukRegistered Address
wren house 108 palatine road, didsbury, manchester, M20 3ZA
Industry
Construction of domestic buildings
Telephone
01733367604
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
wren properties ltd 100%
mainspring developments limited Estimated Valuation
Pomanda estimates the enterprise value of MAINSPRING DEVELOPMENTS LIMITED at £323.8k based on a Turnover of £640.5k and 0.51x industry multiple (adjusted for size and gross margin).
mainspring developments limited Estimated Valuation
Pomanda estimates the enterprise value of MAINSPRING DEVELOPMENTS LIMITED at £0 based on an EBITDA of £-71.6k and a 4.04x industry multiple (adjusted for size and gross margin).
mainspring developments limited Estimated Valuation
Pomanda estimates the enterprise value of MAINSPRING DEVELOPMENTS LIMITED at £35.6k based on Net Assets of £25.7k and 1.39x industry multiple (adjusted for liquidity).
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Mainspring Developments Limited Overview
Mainspring Developments Limited is a live company located in manchester, M20 3ZA with a Companies House number of 08149124. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in July 2012, it's largest shareholder is wren properties ltd with a 100% stake. Mainspring Developments Limited is a established, small sized company, Pomanda has estimated its turnover at £640.5k with low growth in recent years.
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Mainspring Developments Limited Health Check
Pomanda's financial health check has awarded Mainspring Developments Limited a 2.5 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
1 Strong
4 Regular
4 Weak
Size
annual sales of £640.5k, make it in line with the average company (£607.3k)
- Mainspring Developments Limited
£607.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (7.6%)
- Mainspring Developments Limited
7.6% - Industry AVG
Production
with a gross margin of 19.5%, this company has a comparable cost of product (19.5%)
- Mainspring Developments Limited
19.5% - Industry AVG
Profitability
an operating margin of -11.2% make it less profitable than the average company (6.1%)
- Mainspring Developments Limited
6.1% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
3 - Mainspring Developments Limited
4 - Industry AVG
Pay Structure
on an average salary of £41.8k, the company has an equivalent pay structure (£41.8k)
- Mainspring Developments Limited
£41.8k - Industry AVG
Efficiency
resulting in sales per employee of £213.5k, this is equally as efficient (£213.5k)
- Mainspring Developments Limited
£213.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Mainspring Developments Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Mainspring Developments Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mainspring Developments Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (15 weeks)
1 weeks - Mainspring Developments Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21.8%, this is a lower level of debt than the average (74.8%)
21.8% - Mainspring Developments Limited
74.8% - Industry AVG
MAINSPRING DEVELOPMENTS LIMITED financials
Mainspring Developments Limited's latest turnover from March 2023 is estimated at £640.5 thousand and the company has net assets of £25.7 thousand. According to their latest financial statements, Mainspring Developments Limited has 3 employees and maintains cash reserves of £159 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 3 | 3 | 3 | 3 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 1,194,356 | 1,194,356 | 1,194,356 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 1,194,356 | 1,194,356 | 1,194,356 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,277,828 | 3,393,595 | 700,394 | 496,209 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,494 | 3,228 |
| Group Debtors | 32,696 | 0 | 0 | 0 | 929,104 | 929,341 | 1,156,887 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,083 | 12,733 | 0 | 0 |
| Cash | 159 | 43 | 27 | 36 | 138 | 0 | 57 | 8 | 100 | 191 | 81 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 32,855 | 43 | 27 | 36 | 929,242 | 929,341 | 1,156,944 | 2,299,919 | 3,406,428 | 702,079 | 499,518 |
| total assets | 32,855 | 1,194,399 | 1,194,383 | 1,194,392 | 929,242 | 929,341 | 1,156,944 | 2,299,919 | 3,406,428 | 702,079 | 499,518 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 30 | 0 | 0 | 696,772 | 499,464 |
| Group/Directors Accounts | 0 | 1,086,316 | 1,134,503 | 1,178,450 | 0 | 0 | 0 | 2,283,827 | 3,397,583 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 7,165 | 10,824 | 8,766 | 2,223 | 0 | 0 | 228,866 | 3,507 | 708 | 0 | 0 |
| total current liabilities | 7,165 | 1,097,140 | 1,143,269 | 1,180,673 | 0 | 3 | 228,896 | 2,287,334 | 3,398,291 | 696,772 | 499,464 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 7,165 | 1,097,140 | 1,143,269 | 1,180,673 | 0 | 3 | 228,896 | 2,287,334 | 3,398,291 | 696,772 | 499,464 |
| net assets | 25,690 | 97,259 | 51,114 | 13,719 | 929,242 | 929,338 | 928,048 | 12,585 | 8,137 | 5,307 | 54 |
| total shareholders funds | 25,690 | 97,259 | 51,114 | 13,719 | 929,242 | 929,338 | 928,048 | 12,585 | 8,137 | 5,307 | 54 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | -2,277,828 | -1,115,767 | 2,693,201 | 204,185 | 496,209 |
| Debtors | 32,696 | 0 | 0 | -929,104 | -237 | -227,546 | 1,134,804 | 9,350 | 11,239 | -1,734 | 3,228 |
| Creditors | 0 | 0 | 0 | 0 | 0 | -30 | 30 | 0 | -696,772 | 197,308 | 499,464 |
| Accruals and Deferred Income | -3,659 | 2,058 | 6,543 | 2,223 | 0 | -228,866 | 225,359 | 2,799 | 708 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | -1,194,356 | 0 | 0 | 1,194,356 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,086,316 | -48,187 | -43,947 | 1,178,450 | 0 | 0 | -2,283,827 | -1,113,756 | 3,397,583 | 0 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | 116 | 16 | -9 | -102 | 138 | -57 | 49 | -92 | -91 | 110 | 81 |
| overdraft | 0 | 0 | 0 | 0 | -3 | 3 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 116 | 16 | -9 | -102 | 141 | -60 | 49 | -92 | -91 | 110 | 81 |
mainspring developments limited Credit Report and Business Information
Mainspring Developments Limited Competitor Analysis
Perform a competitor analysis for mainspring developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in M20 area or any other competitors across 12 key performance metrics.
mainspring developments limited Ownership
MAINSPRING DEVELOPMENTS LIMITED group structure
Mainspring Developments Limited has no subsidiary companies.
Ultimate parent company
1 parent
MAINSPRING DEVELOPMENTS LIMITED
08149124
mainspring developments limited directors
Mainspring Developments Limited currently has 2 directors. The longest serving directors include Mr Malcolm Robinson (Jul 2012) and Mr Richard Robinson (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Malcolm Robinson | England | 81 years | Jul 2012 | - | Director |
| Mr Richard Robinson | England | 50 years | Mar 2018 | - | Director |
P&L
March 2023turnover
640.5k
-6%
operating profit
-71.6k
0%
gross margin
19.6%
+5.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
25.7k
-0.74%
total assets
32.9k
-0.97%
cash
159
+2.7%
net assets
Total assets minus all liabilities
mainspring developments limited company details
company number
08149124
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
incorporation date
July 2012
age
12
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
wren house 108 palatine road, didsbury, manchester, M20 3ZA
Bank
-
Legal Advisor
-
mainspring developments limited 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 mainspring developments limited.
mainspring developments limited Companies House Filings - See Documents
| date | description | view/download |
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