Pomanda estimates the enterprise value of SPARTAN PRECISION EQUIPMENT LIMITED at £1.2m based on a Turnover of £1.6m and 0.73x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of SPARTAN PRECISION EQUIPMENT LIMITED at £0 based on an EBITDA of £-49.3k and a 4.02x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of SPARTAN PRECISION EQUIPMENT LIMITED at £1.2m based on Net Assets of £599.5k and 2.03x industry multiple (adjusted for liquidity).
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Spartan Precision Equipment LimitedOverview
Spartan Precision Equipment Limited is a live company located in east sussex, TN22 1QL with a Companies House number of 08304580. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in November 2012, it's largest shareholder is
robert david gearing
with a 54.2% stake. Spartan Precision Equipment Limited is a established,
small sized company, Pomanda has estimated its turnover at
£1.6m with
declining
growth in recent years.
Pomanda's financial health check has awarded Spartan Precision Equipment Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
1 Strong
4 Regular
7 Weak
Size
annual sales of £1.6m, make it in line with the average company (£1.7m)
£1.6m - Spartan Precision Equipment Limited
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (8.7%)
-5% - Spartan Precision Equipment Limited
8.7% - Industry AVG
Production
with a gross margin of 54.3%, this company has a comparable cost of product (54.3%)
54.3% - Spartan Precision Equipment Limited
54.3% - Industry AVG
Profitability
an operating margin of -4.9% make it less profitable than the average company (6.9%)
-4.9% - Spartan Precision Equipment Limited
6.9% - Industry AVG
Employees
with 20 employees, this is above the industry average (16)
20 - Spartan Precision Equipment Limited
16 - Industry AVG
Pay Structure
on an average salary of £37.2k, the company has an equivalent pay structure (£37.2k)
£37.2k - Spartan Precision Equipment Limited
£37.2k - Industry AVG
Efficiency
resulting in sales per employee of £79.9k, this is less efficient (£94.3k)
£79.9k - Spartan Precision Equipment Limited
£94.3k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is near the average (33 days)
35 days - Spartan Precision Equipment Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is quicker than average (36 days)
32 days - Spartan Precision Equipment Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 292 days, this is more than average (24 days)
292 days - Spartan Precision Equipment Limited
24 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 23 weeks, this is less cash available to meet short term requirements (48 weeks)
23 weeks - Spartan Precision Equipment Limited
48 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.6%, this is a higher level of debt than the average (45.8%)
53.6% - Spartan Precision Equipment Limited
45.8% - Industry AVG
SPARTAN PRECISION EQUIPMENT LIMITED financials
EXPORT
Spartan Precision Equipment Limited's latest turnover from December 2023 is estimated at £1.6 million and the company has net assets of £599.5 thousand. According to their latest financial statements, Spartan Precision Equipment Limited has 20 employees and maintains cash reserves of £264.7 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Turnover
1,598,495
1,302,382
2,071,366
1,838,761
901,245
1,053,559
1,016,648
478,177
110,170
269,687
52,353
Other Income Or Grants
Cost Of Sales
730,305
604,646
969,434
876,812
430,803
518,596
494,209
222,909
52,771
125,257
24,816
Gross Profit
868,191
697,736
1,101,932
961,950
470,442
534,963
522,440
255,268
57,400
144,430
27,537
Admin Expenses
947,321
642,670
793,076
467,038
637,728
495,524
732,239
391,784
96,505
185,099
72,153
Operating Profit
-79,130
55,066
308,856
494,912
-167,286
39,439
-209,799
-136,516
-39,105
-40,669
-44,616
Interest Payable
23,391
10,425
Interest Receivable
11,537
7,196
526
121
389
248
123
51
109
82
3
Pre-Tax Profit
-90,985
51,837
309,383
495,033
-166,897
39,688
-209,676
-136,465
-38,996
-40,587
-44,613
Tax
-9,849
-58,783
-94,056
-7,541
Profit After Tax
-90,985
41,988
250,600
400,977
-166,897
32,147
-209,676
-136,465
-38,996
-40,587
-44,613
Dividends Paid
Retained Profit
-90,985
41,988
250,600
400,977
-166,897
32,147
-209,676
-136,465
-38,996
-40,587
-44,613
Employee Costs
743,126
704,695
440,681
396,451
372,301
364,494
127,757
218,018
60,804
120,248
29,822
Number Of Employees
20
20
13
12
11
11
4
7
2
4
1
EBITDA*
-49,305
95,485
345,907
507,056
-146,696
67,850
-209,799
-119,373
-26,014
-40,044
-44,616
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Tangible Assets
75,354
86,966
111,157
50,748
48,582
52,116
9,830
6,318
7,341
9,374
Intangible Assets
4,396
19,424
34,459
31,930
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
75,354
86,966
111,157
50,748
48,582
56,512
29,254
40,777
39,271
9,374
Stock & work in progress
585,868
542,319
494,734
375,961
189,734
196,226
46,259
141,895
40,744
500
Trade Debtors
157,260
114,085
303,631
214,700
51,375
104,861
148,199
44,517
7,335
15,865
100
Group Debtors
Misc Debtors
208,149
258,520
67,623
96,953
Cash
264,707
174,783
236,442
184,736
57,765
45,878
20,335
28,789
11,722
31,768
1,030
misc current assets
total current assets
1,215,984
1,089,707
1,034,807
775,397
298,874
346,965
214,793
282,824
156,754
48,133
1,130
total assets
1,291,338
1,176,673
1,145,964
826,145
347,456
403,477
244,047
323,601
196,025
57,507
1,130
Bank overdraft
109,731
90,182
Bank loan
Trade Creditors
64,362
29,835
300,129
415,396
332,669
216,780
203,577
71,422
26,249
142,407
45,443
Group/Directors Accounts
other short term finances
hp & lease commitments
8,698
other current liabilities
397,048
211,881
2,033
25,302
total current liabilities
579,839
331,898
300,129
415,396
332,669
216,780
203,577
73,455
51,551
142,407
45,443
loans
86,630
129,299
hp & lease commitments
6,524
23,921
Accruals and Deferred Income
other liabilities
1,064
197,332
12,846
17,861
22,875
provisions
18,839
total long term liabilities
111,993
154,284
197,332
12,846
17,861
22,875
total liabilities
691,832
486,182
497,461
428,242
350,530
239,655
203,577
73,455
51,551
142,407
45,443
net assets
599,506
690,491
648,503
397,903
-3,074
163,822
40,470
250,146
144,474
-84,900
-44,313
total shareholders funds
599,506
690,491
648,503
397,903
-3,074
163,822
40,470
250,146
144,474
-84,900
-44,313
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Operating Activities
Operating Profit
-79,130
55,066
308,856
494,912
-167,286
39,439
-209,799
-136,516
-39,105
-40,669
-44,616
Depreciation
29,825
40,419
37,051
12,144
16,194
13,383
2,107
2,448
625
Amortisation
4,396
15,028
15,036
10,643
Tax
-9,849
-58,783
-94,056
-7,541
Stock
43,549
47,585
118,773
186,227
-6,492
149,967
-95,636
101,151
40,244
500
Debtors
-7,196
68,974
88,931
163,325
-53,486
-43,338
36,059
7,852
88,423
15,765
100
Creditors
34,527
-270,294
-115,267
82,727
115,889
13,203
132,155
45,173
-116,158
96,964
45,443
Accruals and Deferred Income
185,167
211,881
-2,033
-23,269
25,302
Deferred Taxes & Provisions
18,839
Cash flow from operations
152,875
-89,336
-35,847
146,175
29,171
-33,117
-20,100
-206,472
-245,537
40,655
727
Investing Activities
capital expenditure
-18,213
-16,228
-97,460
-14,310
-12,660
-55,669
11,523
-18,649
-42,988
-9,999
Change in Investments
cash flow from investments
-18,213
-16,228
-97,460
-14,310
-12,660
-55,669
11,523
-18,649
-42,988
-9,999
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-42,669
129,299
Hire Purchase and Lease Commitments
-8,699
23,921
other long term liabilities
-1,064
-196,268
184,486
-5,015
-5,014
22,875
share issue
1
91,205
242,137
268,370
300
interest
-11,854
-3,229
526
121
389
248
123
51
109
82
3
cash flow from financing
-64,286
-46,277
185,012
-4,894
-4,624
114,328
123
242,188
268,479
82
303
cash and cash equivalents
cash
89,924
-61,659
51,706
126,971
11,887
25,543
-8,454
17,067
-20,046
30,738
1,030
overdraft
19,549
90,182
change in cash
70,375
-151,841
51,706
126,971
11,887
25,543
-8,454
17,067
-20,046
30,738
1,030
spartan precision equipment limited 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 spartan precision equipment limited. Get real-time insights into spartan precision equipment limited's credit score, group structure and payment trends.
Perform a competitor analysis for spartan precision equipment limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in TN22 area or any other competitors across 12 key performance metrics.
spartan precision equipment limited Ownership
SPARTAN PRECISION EQUIPMENT LIMITED group structure
Spartan Precision Equipment Limited has no subsidiary companies.
Ultimate parent company
SPARTAN PRECISION EQUIPMENT LIMITED
08304580
SPARTAN PRECISION EQUIPMENT LIMITED Shareholders
The largest shareholders in Spartan Precision Equipment Limited include Robert David Gearing and Paul David Upward.
robert david gearing
54.2%
paul david upward
10.17%
john coward
6.19%
judith ann fong
4.91%
john brendan tumelty
4.91%
mark frederick wheeler
4.91%
gaston pacin
4.83%
mark bond
4.23%
noah le mare
1.97%
morrison consolidated pty ltd
0.99%
spartan precision equipment limited directors
Spartan Precision Equipment Limited currently has 7 directors.
The longest serving directors include
Mr Robert Gearing (Nov 2012) and
Mr John Tumelty (Nov 2015).
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 spartan precision equipment limited. Currently there are 1 open charges and 0 have been satisfied in the past.
spartan precision equipment limited 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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spartan precision equipment limitedCompanies House Filings - See Documents
