sprayit limited
sprayit limited Company Information
Company Number
08985581
Website
-Registered Address
suite 20, peel house, 30, the downs, altrincham, cheshire, WA14 2PX
Industry
Repair and maintenance of other transport equipment
Telephone
-
Next Accounts Due
June 2025
Group Structure
View All
Directors
Jonathan Douglas0 Years
Shareholders
jonathan douglas 100%
sprayit limited Estimated Valuation
Pomanda estimates the enterprise value of SPRAYIT LIMITED at £22.2k based on a Turnover of £44.4k and 0.5x industry multiple (adjusted for size and gross margin).
sprayit limited Estimated Valuation
Pomanda estimates the enterprise value of SPRAYIT LIMITED at £0 based on an EBITDA of £-23.4k and a 2.95x industry multiple (adjusted for size and gross margin).
sprayit limited Estimated Valuation
Pomanda estimates the enterprise value of SPRAYIT LIMITED at £0 based on Net Assets of £-52.2k and 2.97x industry multiple (adjusted for liquidity).
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Sprayit Limited Overview
Sprayit Limited is a live company located in altrincham, WA14 2PX with a Companies House number of 08985581. It operates in the repair and maintenance of other transport equipment n.e.c. sector, SIC Code 33170. Founded in April 2014, it's largest shareholder is jonathan douglas with a 100% stake. Sprayit Limited is a established, micro sized company, Pomanda has estimated its turnover at £44.4k with declining growth in recent years.
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Sprayit Limited Health Check
Pomanda's financial health check has awarded Sprayit Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £44.4k, make it smaller than the average company (£690.8k)
- Sprayit Limited
£690.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (9.2%)
- Sprayit Limited
9.2% - Industry AVG
Production
with a gross margin of 17.6%, this company has a higher cost of product (27%)
- Sprayit Limited
27% - Industry AVG
Profitability
an operating margin of -52.6% make it less profitable than the average company (4.9%)
- Sprayit Limited
4.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (20)
1 - Sprayit Limited
20 - Industry AVG
Pay Structure
on an average salary of £34.6k, the company has an equivalent pay structure (£34.6k)
- Sprayit Limited
£34.6k - Industry AVG
Efficiency
resulting in sales per employee of £44.4k, this is less efficient (£89.4k)
- Sprayit Limited
£89.4k - Industry AVG
Debtor Days
it gets paid by customers after 15 days, this is earlier than average (41 days)
- Sprayit Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 151 days, this is slower than average (33 days)
- Sprayit Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Sprayit Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Sprayit Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2895.4%, this is a higher level of debt than the average (66.8%)
2895.4% - Sprayit Limited
66.8% - Industry AVG
SPRAYIT LIMITED financials
Sprayit Limited's latest turnover from September 2023 is estimated at £44.4 thousand and the company has net assets of -£52.2 thousand. According to their latest financial statements, Sprayit Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 1 | 2 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 28,008 | 16,398 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 28,008 | 16,398 | 0 | 0 | 0 | 0 | 0 | 100 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,866 | 3,240 | 0 | 0 | 0 | 950 | 950 | 2,110 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 200 | 200 | 200 | 200 | 100 | 0 |
| Cash | 0 | 0 | 14,566 | 46,666 | 746 | 2,735 | 2,761 | 1,953 | 113 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,866 | 3,240 | 14,566 | 46,866 | 946 | 3,885 | 3,911 | 4,163 | 113 |
| total assets | 1,866 | 31,248 | 30,964 | 46,866 | 946 | 3,885 | 3,911 | 4,163 | 213 |
| Bank overdraft | 0 | 0 | 9,507 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 15,156 | 19,156 | 0 | 0 | 0 | 0 | 0 | 0 | 1,326 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 6,600 | 9,026 | 8,478 | 8,114 | 5,980 | 5,710 | 0 |
| total current liabilities | 15,156 | 19,156 | 16,107 | 9,026 | 8,478 | 8,114 | 5,980 | 5,710 | 1,326 |
| loans | 0 | 0 | 40,493 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 38,872 | 40,873 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 38,872 | 40,873 | 40,493 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 54,028 | 60,029 | 56,600 | 59,026 | 8,478 | 8,114 | 5,980 | 5,710 | 1,326 |
| net assets | -52,162 | -28,781 | -25,636 | -12,160 | -7,532 | -4,229 | -2,069 | -1,547 | -1,113 |
| total shareholders funds | -52,162 | -28,781 | -25,636 | -12,160 | -7,532 | -4,229 | -2,069 | -1,547 | -1,113 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 8,027 | 4,100 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,374 | 3,240 | -200 | 0 | -950 | 0 | -1,060 | 2,210 | 0 |
| Creditors | -4,000 | 19,156 | 0 | 0 | 0 | 0 | 0 | -1,326 | 1,326 |
| Accruals and Deferred Income | 0 | -6,600 | -2,426 | 548 | 364 | 2,134 | 270 | 5,710 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -100 | 100 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -40,493 | -9,507 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -2,001 | 40,873 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 0 | -14,566 | -32,100 | 45,920 | -1,989 | -26 | 808 | 1,840 | 113 |
| overdraft | 0 | -9,507 | 9,507 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | -5,059 | -41,607 | 45,920 | -1,989 | -26 | 808 | 1,840 | 113 |
sprayit limited Credit Report and Business Information
Sprayit Limited Competitor Analysis
Perform a competitor analysis for sprayit limited by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in WA14 area or any other competitors across 12 key performance metrics.
sprayit limited Ownership
SPRAYIT LIMITED group structure
Sprayit Limited has no subsidiary companies.
Ultimate parent company
SPRAYIT LIMITED
08985581
sprayit limited directors
Sprayit Limited currently has 1 director, Mr Jonathan Douglas serving since Jul 2024.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Douglas | United Kingdom | 48 years | Jul 2024 | - | Director |
P&L
September 2023turnover
44.4k
-5%
operating profit
-23.4k
0%
gross margin
17.7%
+7.09%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
-52.2k
+0.81%
total assets
1.9k
-0.94%
cash
0
0%
net assets
Total assets minus all liabilities
sprayit limited company details
company number
08985581
Type
Private limited with Share Capital
industry
33170 - Repair and maintenance of other transport equipment
incorporation date
April 2014
age
10
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
September 2023
address
suite 20, peel house, 30, the downs, altrincham, cheshire, WA14 2PX
accountant
-
auditor
-
sprayit 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 sprayit limited.
sprayit limited Companies House Filings - See Documents
| date | description | view/download |
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