spc coatings limited

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spc coatings limited Company Information

Share SPC COATINGS LIMITED
Live 
EstablishedSmallDeclining

Company Number

08798575

Registered Address

unit 3, newton business park, 26-28 standard road, london, NW10 6EU

Industry

Retail trade of motor vehicle parts and accessories

 

Telephone

02089614545

Next Accounts Due

September 2024

Group Structure

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Directors

Rami Aljaabari10 Years

Shareholders

rami aljaabari 100%

spc coatings limited Estimated Valuation

£452.9k

Pomanda estimates the enterprise value of SPC COATINGS LIMITED at £452.9k based on a Turnover of £2.1m and 0.22x industry multiple (adjusted for size and gross margin).

spc coatings limited Estimated Valuation

£190.9k

Pomanda estimates the enterprise value of SPC COATINGS LIMITED at £190.9k based on an EBITDA of £66.3k and a 2.88x industry multiple (adjusted for size and gross margin).

spc coatings limited Estimated Valuation

£783.5k

Pomanda estimates the enterprise value of SPC COATINGS LIMITED at £783.5k based on Net Assets of £353.9k and 2.21x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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Spc Coatings Limited Overview

Spc Coatings Limited is a live company located in london, NW10 6EU with a Companies House number of 08798575. It operates in the retail trade of motor vehicle parts and accessories sector, SIC Code 45320. Founded in December 2013, it's largest shareholder is rami aljaabari with a 100% stake. Spc Coatings Limited is a established, small sized company, Pomanda has estimated its turnover at £2.1m with declining growth in recent years.

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Spc Coatings Limited Health Check

Pomanda's financial health check has awarded Spc Coatings Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

8 Weak

size

Size

annual sales of £2.1m, make it smaller than the average company (£7.9m)

£2.1m - Spc Coatings Limited

£7.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (4.4%)

-5% - Spc Coatings Limited

4.4% - Industry AVG

production

Production

with a gross margin of 27.1%, this company has a comparable cost of product (27.1%)

27.1% - Spc Coatings Limited

27.1% - Industry AVG

profitability

Profitability

an operating margin of 2.6% make it less profitable than the average company (4.4%)

2.6% - Spc Coatings Limited

4.4% - Industry AVG

employees

Employees

with 9 employees, this is below the industry average (39)

9 - Spc Coatings Limited

39 - Industry AVG

paystructure

Pay Structure

on an average salary of £28.8k, the company has an equivalent pay structure (£28.8k)

£28.8k - Spc Coatings Limited

£28.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £228.3k, this is more efficient (£156.9k)

£228.3k - Spc Coatings Limited

£156.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 67 days, this is later than average (41 days)

67 days - Spc Coatings Limited

41 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 70 days, this is slower than average (53 days)

70 days - Spc Coatings Limited

53 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 142 days, this is more than average (70 days)

142 days - Spc Coatings Limited

70 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)

0 weeks - Spc Coatings Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 70.3%, this is a higher level of debt than the average (61.4%)

70.3% - Spc Coatings Limited

61.4% - Industry AVG

spc coatings limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Spc Coatings Limited Competitor Analysis

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spc coatings limited Ownership

SPC COATINGS LIMITED group structure

Spc Coatings Limited has no subsidiary companies.

Ultimate parent company

SPC COATINGS LIMITED

08798575

SPC COATINGS LIMITED Shareholders

rami aljaabari 100%

spc coatings limited directors

Spc Coatings Limited currently has 1 director, Rami Aljaabari serving since Dec 2013.

officercountryagestartendrole
Rami AljaabariEngland48 years Dec 2013- Director

SPC COATINGS LIMITED financials

EXPORTms excel logo

Spc Coatings Limited's latest turnover from December 2022 is estimated at £2.1 million and the company has net assets of £353.9 thousand. According to their latest financial statements, Spc Coatings Limited has 9 employees and maintains cash reserves of £7.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
Turnover2,054,7001,706,0762,024,2062,374,0042,270,5191,737,0001,240,2531,014,016501,359
Other Income Or Grants000000000
Cost Of Sales1,498,0771,199,8571,467,2811,649,5511,569,7931,191,603863,328710,223349,666
Gross Profit556,623506,219556,925724,454700,726545,398376,925303,793151,694
Admin Expenses503,889471,997543,052670,668585,059425,775278,144268,030125,826
Operating Profit52,73434,22213,87353,786115,667119,62398,78135,76325,868
Interest Payable49,20735,29521,4714,13300000
Interest Receivable44386266472875810062
Pre-Tax Profit3,970-987-7,57249,716115,738119,71098,83935,86325,930
Tax-75400-9,446-21,990-22,745-19,768-7,172-5,445
Profit After Tax3,216-987-7,57240,27093,74896,96579,07128,69020,485
Dividends Paid000000000
Retained Profit3,216-987-7,57240,27093,74896,96579,07128,69020,485
Employee Costs259,146241,721253,253282,787268,884223,644222,941150,08576,933
Number Of Employees99910109963
EBITDA*66,26451,69437,55377,157135,456145,556112,51053,54828,494

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
Tangible Assets40,58652,41971,04570,11059,36477,79941,18753,3557,878
Intangible Assets000000000
Investments & Other000000000
Debtors (Due After 1 year)000000000
Total Fixed Assets40,58652,41971,04570,11059,36477,79941,18753,3557,878
Stock & work in progress584,871495,713523,000523,000495,000962,218219,30251,6154,059
Trade Debtors378,490395,591398,433420,431454,404129,353113,53396,89950,949
Group Debtors000000000
Misc Debtors178,420184,891183,576203,90132,39014,820158,57400
Cash7,31118,02850,8721,21915,8013,32131,41015,00624,830
misc current assets000000000
total current assets1,149,0921,094,2231,155,8811,148,551997,5951,109,712522,819163,52079,838
total assets1,189,6781,146,6421,226,9261,218,6611,056,9591,187,511564,006216,87587,716
Bank overdraft36,71336,74676,71326,71300000
Bank loan000000000
Trade Creditors 288,455170,669144,645165,33491,346257,010206,469136,88467,230
Group/Directors Accounts11732,26832,668000000
other short term finances411,518434,750435,750000000
hp & lease commitments1,21513,36720,70044,5865,80322,63713,35600
other current liabilities58,01029,29760,715515,257606,365642,364198,32000
total current liabilities796,028717,097771,191751,890703,514922,011418,145136,88467,230
loans39,76376,44469,04395,75600000
hp & lease commitments02,43035,03411,78534,48540,28817,61400
Accruals and Deferred Income000000000
other liabilities000000030,8150
provisions000000000
total long term liabilities39,76378,874104,077107,54134,48540,28817,61430,8150
total liabilities835,791795,971875,268859,431737,999962,299435,759167,69967,230
net assets353,887350,671351,658359,230318,960225,212128,24749,17620,486
total shareholders funds353,887350,671351,658359,230318,960225,212128,24749,17620,486
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
Operating Activities
Operating Profit52,73434,22213,87353,786115,667119,62398,78135,76325,868
Depreciation13,53017,47223,68023,37119,78925,93313,72917,7852,626
Amortisation000000000
Tax-75400-9,446-21,990-22,745-19,768-7,172-5,445
Stock89,158-27,287028,000-467,218742,916167,68747,5564,059
Debtors-23,572-1,527-42,323137,538342,621-127,934175,20845,95050,949
Creditors117,78626,024-20,68973,988-165,66450,54169,58569,65467,230
Accruals and Deferred Income28,713-31,418-454,542-91,108-35,999444,044198,32000
Deferred Taxes & Provisions000000000
Cash flow from operations146,42375,114-395,355-114,94736,4002,41417,75222,52435,271
Investing Activities
capital expenditure-1,6971,154-24,615-34,117-1,354-62,545-1,561-63,262-10,504
Change in Investments000000000
cash flow from investments-1,6971,154-24,615-34,117-1,354-62,545-1,561-63,262-10,504
Financing Activities
Bank loans000000000
Group/Directors Accounts-32,151-40032,668000000
Other Short Term Loans -23,232-1,000435,750000000
Long term loans-36,6817,401-26,71395,75600000
Hire Purchase and Lease Commitments-14,582-39,937-63716,083-22,63731,95530,97000
other long term liabilities000000-30,81530,8150
share issue000000001
interest-48,764-35,209-21,445-4,06972875810062
cash flow from financing-155,410-69,145419,623107,770-22,56532,04221330,91563
cash and cash equivalents
cash-10,717-32,84449,653-14,58212,480-28,08916,404-9,82424,830
overdraft-33-39,96750,00026,71300000
change in cash-10,6847,123-347-41,29512,480-28,08916,404-9,82424,830

P&L

December 2022

turnover

2.1m

+20%

operating profit

52.7k

0%

gross margin

27.1%

-8.7%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

353.9k

+0.01%

total assets

1.2m

+0.04%

cash

7.3k

-0.59%

net assets

Total assets minus all liabilities

spc coatings limited company details

company number

08798575

Type

Private limited with Share Capital

industry

45320 - Retail trade of motor vehicle parts and accessories

incorporation date

December 2013

age

11

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

unit 3, newton business park, 26-28 standard road, london, NW10 6EU

last accounts submitted

December 2022

spc coatings 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 found 3 charges/mortgages relating to spc coatings limited. Currently there are 3 open charges and 0 have been satisfied in the past.

charges

spc coatings limited Companies House Filings - See Documents

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