spa vapes ltd
spa vapes ltd Company Information
Company Number
08990693
Next Accounts
Jan 2025
Industry
Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c
Directors
Shareholders
mr paul andrew gifford
Group Structure
View All
Contact
Registered Address
unit 4, mead park industrial estate, cheltenham, GL53 7EF
Website
www.spavapes.co.ukspa vapes ltd Estimated Valuation
Pomanda estimates the enterprise value of SPA VAPES LTD at £184.6k based on a Turnover of £493.8k and 0.37x industry multiple (adjusted for size and gross margin).
spa vapes ltd Estimated Valuation
Pomanda estimates the enterprise value of SPA VAPES LTD at £8k based on an EBITDA of £2.3k and a 3.47x industry multiple (adjusted for size and gross margin).
spa vapes ltd Estimated Valuation
Pomanda estimates the enterprise value of SPA VAPES LTD at £166.8k based on Net Assets of £60.4k and 2.76x industry multiple (adjusted for liquidity).
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Spa Vapes Ltd Overview
Spa Vapes Ltd is a live company located in cheltenham, GL53 7EF with a Companies House number of 08990693. It operates in the other retail sale of new goods in specialised stores (not commercial art galleries and opticians) sector, SIC Code 47789. Founded in April 2014, it's largest shareholder is mr paul andrew gifford with a 100% stake. Spa Vapes Ltd is a established, micro sized company, Pomanda has estimated its turnover at £493.8k with healthy growth in recent years.
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Spa Vapes Ltd Health Check
Pomanda's financial health check has awarded Spa Vapes Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
5 Weak
Size
annual sales of £493.8k, make it smaller than the average company (£8.3m)
- Spa Vapes Ltd
£8.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (5.3%)
- Spa Vapes Ltd
5.3% - Industry AVG
Production
with a gross margin of 41.4%, this company has a comparable cost of product (41.4%)
- Spa Vapes Ltd
41.4% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (5.5%)
- Spa Vapes Ltd
5.5% - Industry AVG
Employees
with 8 employees, this is below the industry average (43)
8 - Spa Vapes Ltd
43 - Industry AVG
Pay Structure
on an average salary of £26.3k, the company has an equivalent pay structure (£26.3k)
- Spa Vapes Ltd
£26.3k - Industry AVG
Efficiency
resulting in sales per employee of £61.7k, this is less efficient (£147.9k)
- Spa Vapes Ltd
£147.9k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is earlier than average (12 days)
- Spa Vapes Ltd
12 days - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is slower than average (39 days)
- Spa Vapes Ltd
39 days - Industry AVG
Stock Days
it holds stock equivalent to 82 days, this is in line with average (94 days)
- Spa Vapes Ltd
94 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (22 weeks)
9 weeks - Spa Vapes Ltd
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63.2%, this is a similar level of debt than the average (59%)
63.2% - Spa Vapes Ltd
59% - Industry AVG
SPA VAPES LTD financials
Spa Vapes Ltd's latest turnover from April 2023 is estimated at £493.8 thousand and the company has net assets of £60.4 thousand. According to their latest financial statements, Spa Vapes Ltd has 8 employees and maintains cash reserves of £16.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 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 | 8 | 8 | 9 | 8 | 13 | 13 | 17 | 17 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,088 | 4,426 | 3,872 | 10,890 | 21,394 | 26,003 | 25,439 | 15,966 | 3,429 |
| Intangible Assets | 562 | 761 | 960 | 1,159 | 1,358 | 1,557 | 868 | 985 | 720 |
| Investments & Other | 317 | 332 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,967 | 5,519 | 4,832 | 12,049 | 22,752 | 27,560 | 26,307 | 16,951 | 4,149 |
| Stock & work in progress | 65,015 | 57,016 | 45,795 | 42,100 | 38,737 | 38,737 | 26,937 | 50,000 | 20,000 |
| Trade Debtors | 13,306 | 6,572 | 0 | 1,875 | 26,277 | 31,657 | 45,617 | 23,674 | 10,137 |
| Group Debtors | 36,973 | 54,847 | 27,251 | 23,757 | 0 | 13,813 | 9,571 | 5,505 | 0 |
| Misc Debtors | 27,099 | 26,066 | 19,659 | 24,534 | 44,278 | 29,744 | 21,620 | 18,618 | 0 |
| Cash | 16,473 | 16,930 | 57,303 | 35,617 | 14,053 | 10,083 | 32,371 | 39,999 | 67,275 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 158,866 | 161,431 | 150,008 | 127,883 | 123,345 | 124,034 | 136,116 | 137,796 | 97,412 |
| total assets | 163,833 | 166,950 | 154,840 | 139,932 | 146,097 | 151,594 | 162,423 | 154,747 | 101,561 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 7,000 | 7,000 | 7,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 34,328 | 28,982 | 27,620 | 37,779 | 47,443 | 56,844 | 53,510 | 54,325 | 97,090 |
| 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 | 47,566 | 47,307 | 40,585 | 43,042 | 48,282 | 42,021 | 53,000 | 74,164 | 0 |
| total current liabilities | 88,894 | 83,289 | 75,205 | 80,821 | 95,725 | 98,865 | 106,510 | 128,489 | 97,090 |
| loans | 14,583 | 21,583 | 28,000 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 743 | 2,375 | 3,072 | 2,510 | 2,874 | 686 |
| total long term liabilities | 14,583 | 21,583 | 28,000 | 743 | 2,375 | 3,072 | 2,510 | 2,874 | 686 |
| total liabilities | 103,477 | 104,872 | 103,205 | 81,564 | 98,100 | 101,937 | 109,020 | 131,363 | 97,776 |
| net assets | 60,356 | 62,078 | 51,635 | 58,368 | 47,997 | 49,657 | 53,403 | 23,384 | 3,785 |
| total shareholders funds | 60,356 | 62,078 | 51,635 | 58,368 | 47,997 | 49,657 | 53,403 | 23,384 | 3,785 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 1,972 | 3,340 | 7,717 | 10,504 | 11,999 | 10,752 | 5,998 | 2,962 | 760 |
| Amortisation | 199 | 199 | 199 | 199 | 199 | 131 | 117 | 105 | 80 |
| Tax | |||||||||
| Stock | 7,999 | 11,221 | 3,695 | 3,363 | 0 | 11,800 | -23,063 | 30,000 | 20,000 |
| Debtors | -10,107 | 40,575 | -3,256 | -20,389 | -4,659 | -1,594 | 29,011 | 37,660 | 10,137 |
| Creditors | 5,346 | 1,362 | -10,159 | -9,664 | -9,401 | 3,334 | -815 | -42,765 | 97,090 |
| Accruals and Deferred Income | 259 | 6,722 | -2,457 | -5,240 | 6,261 | -10,979 | -21,164 | 74,164 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | -743 | -1,632 | -697 | 562 | -364 | 2,188 | 686 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | -15 | 332 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 7,000 | 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 | -7,000 | -6,417 | 28,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -457 | -40,373 | 21,686 | 21,564 | 3,970 | -22,288 | -7,628 | -27,276 | 67,275 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -457 | -40,373 | 21,686 | 21,564 | 3,970 | -22,288 | -7,628 | -27,276 | 67,275 |
spa vapes ltd Credit Report and Business Information
Spa Vapes Ltd Competitor Analysis
Perform a competitor analysis for spa vapes 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 GL53 area or any other competitors across 12 key performance metrics.
spa vapes ltd Ownership
SPA VAPES LTD group structure
Spa Vapes Ltd has no subsidiary companies.
Ultimate parent company
SPA VAPES LTD
08990693
spa vapes ltd directors
Spa Vapes Ltd currently has 1 director, Mr Paul Gifford serving since Apr 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Gifford | 58 years | Apr 2014 | - | Director |
P&L
April 2023turnover
493.8k
+21%
operating profit
139.2
0%
gross margin
41.5%
-0.13%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
60.4k
-0.03%
total assets
163.8k
-0.02%
cash
16.5k
-0.03%
net assets
Total assets minus all liabilities
spa vapes ltd company details
company number
08990693
Type
Private limited with Share Capital
industry
47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c
incorporation date
April 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2023
previous names
N/A
accountant
HAZLEWOODS LLP
auditor
-
address
unit 4, mead park industrial estate, cheltenham, GL53 7EF
Bank
-
Legal Advisor
-
spa vapes 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 spa vapes ltd.
spa vapes 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.
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spa vapes ltd Companies House Filings - See Documents
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