spray tek (uk) ltd
spray tek (uk) ltd Company Information
Group Structure
View All
Industry
Maintenance and repair of motor vehicles
Registered Address
2 northside wells road, chilcompton, radstock, BA3 4ET
Website
www.spraytekuk.co.ukspray tek (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of SPRAY TEK (UK) LTD at £30.2k based on a Turnover of £108.1k and 0.28x industry multiple (adjusted for size and gross margin).
spray tek (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of SPRAY TEK (UK) LTD at £294k based on an EBITDA of £87k and a 3.38x industry multiple (adjusted for size and gross margin).
spray tek (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of SPRAY TEK (UK) LTD at £2m based on Net Assets of £651.2k and 3.09x industry multiple (adjusted for liquidity).
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Spray Tek (uk) Ltd Overview
Spray Tek (uk) Ltd is a live company located in radstock, BA3 4ET with a Companies House number of 08221464. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in September 2012, it's largest shareholder is greig young with a 100% stake. Spray Tek (uk) Ltd is a established, micro sized company, Pomanda has estimated its turnover at £108.1k with declining growth in recent years.
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Spray Tek (uk) Ltd Health Check
Pomanda's financial health check has awarded Spray Tek (Uk) Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £108.1k, make it smaller than the average company (£348.6k)
- Spray Tek (uk) Ltd
£348.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (12.4%)
- Spray Tek (uk) Ltd
12.4% - Industry AVG
Production
with a gross margin of 36.4%, this company has a comparable cost of product (36.4%)
- Spray Tek (uk) Ltd
36.4% - Industry AVG
Profitability
an operating margin of 66.3% make it more profitable than the average company (6.1%)
- Spray Tek (uk) Ltd
6.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
1 - Spray Tek (uk) Ltd
6 - Industry AVG
Pay Structure
on an average salary of £29.8k, the company has an equivalent pay structure (£29.8k)
- Spray Tek (uk) Ltd
£29.8k - Industry AVG
Efficiency
resulting in sales per employee of £108.1k, this is equally as efficient (£99.2k)
- Spray Tek (uk) Ltd
£99.2k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is later than average (35 days)
- Spray Tek (uk) Ltd
35 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Spray Tek (uk) Ltd
- - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (24 days)
- Spray Tek (uk) Ltd
24 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 144 weeks, this is more cash available to meet short term requirements (17 weeks)
144 weeks - Spray Tek (uk) Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 6.1%, this is a lower level of debt than the average (65.4%)
6.1% - Spray Tek (uk) Ltd
65.4% - Industry AVG
SPRAY TEK (UK) LTD financials
Spray Tek (Uk) Ltd's latest turnover from March 2024 is estimated at £108.1 thousand and the company has net assets of £651.2 thousand. According to their latest financial statements, Spray Tek (Uk) Ltd has 1 employee and maintains cash reserves of £117.8 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||||
| EBITDA* |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 46,207 | 17,152 | 21,980 | 25,534 | 38,835 | 21,666 | 22,432 | 40,605 | 18,390 | 23,900 | 9,181 | |
| Intangible Assets | 5,800 | 11,600 | 17,400 | 23,200 | ||||||||
| Investments & Other | ||||||||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 46,207 | 17,152 | 21,980 | 25,534 | 38,835 | 21,666 | 22,432 | 46,405 | 29,990 | 41,300 | 32,381 | |
| Stock & work in progress | 200 | 150 | 150 | 100 | 100 | 50 | 50 | 60 | 50 | 60 | 50 | |
| Trade Debtors | 15,528 | 49,788 | 50,786 | 21,001 | 33,337 | |||||||
| Group Debtors | ||||||||||||
| Misc Debtors | 513,840 | 420,172 | 283,385 | 320,828 | 30,131 | 16,270 | ||||||
| Cash | 117,802 | 180,880 | 124,611 | 17,279 | 137,286 | |||||||
| misc current assets | ||||||||||||
| total current assets | 647,370 | 650,990 | 458,932 | 359,208 | 170,723 | 30,181 | 16,320 | 60 | 50 | 60 | 50 | |
| total assets | 693,577 | 668,142 | 480,912 | 384,742 | 209,558 | 51,847 | 38,752 | 46,465 | 30,040 | 41,360 | 32,431 | |
| Bank overdraft | 50,000 | |||||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 40,889 | 31,810 | ||||||||||
| Group/Directors Accounts | ||||||||||||
| other short term finances | ||||||||||||
| hp & lease commitments | 6,600 | 6,600 | 6,600 | |||||||||
| other current liabilities | 42,404 | 76,573 | 64,937 | 59,296 | 74,672 | 13,759 | 10,261 | 13,072 | 29,691 | |||
| total current liabilities | 42,404 | 76,573 | 64,937 | 109,296 | 74,672 | 20,359 | 16,861 | 19,672 | 29,691 | 40,889 | 31,810 | |
| loans | ||||||||||||
| hp & lease commitments | 13,200 | 19,800 | 26,400 | |||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | ||||||||||||
| provisions | ||||||||||||
| total long term liabilities | 13,200 | 19,800 | 26,400 | |||||||||
| total liabilities | 42,404 | 76,573 | 64,937 | 109,296 | 74,672 | 33,559 | 36,661 | 46,072 | 29,691 | 40,889 | 31,810 | |
| net assets | 651,173 | 591,569 | 415,975 | 275,446 | 134,886 | 18,288 | 2,091 | 393 | 349 | 471 | 621 | |
| total shareholders funds | 651,173 | 591,569 | 415,975 | 275,446 | 134,886 | 18,288 | 2,091 | 393 | 349 | 471 | 621 |
| Mar 2024 | 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 | 15,402 | 5,717 | 7,327 | 8,511 | 12,947 | 7,657 | 7,935 | 14,163 | 6,710 | 8,256 | 3,142 | |
| Amortisation | 5,800 | 5,800 | 5,800 | 5,800 | 5,800 | |||||||
| Tax | ||||||||||||
| Stock | 50 | 50 | 50 | -10 | 10 | -10 | 10 | 50 | ||||
| Debtors | 59,408 | 135,789 | -7,658 | 308,492 | 3,206 | 13,861 | 16,270 | |||||
| Creditors | -40,889 | 9,079 | 31,810 | |||||||||
| Accruals and Deferred Income | -34,169 | 11,636 | 5,641 | -15,376 | 60,913 | 3,498 | -2,811 | -16,619 | 29,691 | |||
| Deferred Taxes & Provisions | ||||||||||||
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | ||||||||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | ||||||||||||
| Other Short Term Loans | ||||||||||||
| Long term loans | ||||||||||||
| Hire Purchase and Lease Commitments | -19,800 | -6,600 | -6,600 | 33,000 | ||||||||
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | -63,078 | 56,269 | 107,332 | -120,007 | 137,286 | |||||||
| overdraft | -50,000 | 50,000 | ||||||||||
| change in cash | -63,078 | 56,269 | 157,332 | -170,007 | 137,286 |
spray tek (uk) ltd Credit Report and Business Information
Spray Tek (uk) Ltd Competitor Analysis
Perform a competitor analysis for spray tek (uk) ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in BA3 area or any other competitors across 12 key performance metrics.
spray tek (uk) ltd Ownership
SPRAY TEK (UK) LTD group structure
Spray Tek (Uk) Ltd has no subsidiary companies.
Ultimate parent company
SPRAY TEK (UK) LTD
08221464
spray tek (uk) ltd directors
Spray Tek (Uk) Ltd currently has 1 director, Mr Greig Young serving since Sep 2012.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Greig Young | England | 39 years | Sep 2012 | - | Director |
P&L
March 2024turnover
108.1k
-56%
operating profit
71.6k
0%
gross margin
36.5%
+4.1%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
651.2k
+0.1%
total assets
693.6k
+0.04%
cash
117.8k
-0.35%
net assets
Total assets minus all liabilities
spray tek (uk) ltd company details
company number
08221464
Type
Private limited with Share Capital
industry
45200 - Maintenance and repair of motor vehicles
incorporation date
September 2012
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
ACCOUNTING SOLUTIONS
auditor
-
address
2 northside wells road, chilcompton, radstock, BA3 4ET
Bank
-
Legal Advisor
-
spray tek (uk) 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 spray tek (uk) ltd.
spray tek (uk) 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 SPRAY TEK (UK) LTD. This can take several minutes, an email will notify you when this has completed.
spray tek (uk) ltd Companies House Filings - See Documents
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