spruceloch limited
spruceloch limited Company Information
Company Number
09144914
Website
-Registered Address
universal square, building 2, 3r, devonshire street north, manchester, M12 6JH
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
parikeet holdings (jersey) ltd 100%
spruceloch limited Estimated Valuation
Pomanda estimates the enterprise value of SPRUCELOCH LIMITED at £718.4k based on a Turnover of £219.9k and 3.27x industry multiple (adjusted for size and gross margin).
spruceloch limited Estimated Valuation
Pomanda estimates the enterprise value of SPRUCELOCH LIMITED at £2.8m based on an EBITDA of £408.9k and a 6.9x industry multiple (adjusted for size and gross margin).
spruceloch limited Estimated Valuation
Pomanda estimates the enterprise value of SPRUCELOCH LIMITED at £665.7k based on Net Assets of £672.5k and 0.99x industry multiple (adjusted for liquidity).
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Spruceloch Limited Overview
Spruceloch Limited is a live company located in manchester, M12 6JH with a Companies House number of 09144914. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in July 2014, it's largest shareholder is parikeet holdings (jersey) ltd with a 100% stake. Spruceloch Limited is a established, micro sized company, Pomanda has estimated its turnover at £219.9k with declining growth in recent years.
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Spruceloch Limited Health Check
Pomanda's financial health check has awarded Spruceloch Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £219.9k, make it smaller than the average company (£801k)
- Spruceloch Limited
£801k - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (1.9%)
- Spruceloch Limited
1.9% - Industry AVG
Production
with a gross margin of 74.6%, this company has a comparable cost of product (74.6%)
- Spruceloch Limited
74.6% - Industry AVG
Profitability
an operating margin of 185.9% make it more profitable than the average company (36.5%)
- Spruceloch Limited
36.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Spruceloch Limited
4 - Industry AVG
Pay Structure
on an average salary of £30.4k, the company has an equivalent pay structure (£30.4k)
- Spruceloch Limited
£30.4k - Industry AVG
Efficiency
resulting in sales per employee of £109.9k, this is less efficient (£171.7k)
- Spruceloch Limited
£171.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Spruceloch Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 157 days, this is slower than average (37 days)
- Spruceloch Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Spruceloch Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)
0 weeks - Spruceloch Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.1%, this is a higher level of debt than the average (62.8%)
88.1% - Spruceloch Limited
62.8% - Industry AVG
SPRUCELOCH LIMITED financials
Spruceloch Limited's latest turnover from March 2023 is estimated at £219.9 thousand and the company has net assets of £672.5 thousand. According to their latest financial statements, Spruceloch Limited has 2 employees and maintains cash reserves of £100 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 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 | 2 | 2 | 2 | 2 | 2 | 2 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,450,821 | 4,450,821 | 4,450,821 | 4,450,821 | 6,487,618 | 5,267,367 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 3,675,902 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,450,821 | 4,450,821 | 4,450,821 | 4,450,821 | 6,487,618 | 5,267,367 | 3,675,902 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 14,503 | 9,358 | 20,923 | 6,670 | 11,642 | 101,625 | 0 | 0 |
| Group Debtors | 1,189,057 | 1,145,712 | 0 | 13,672 | 32,251 | 1,500 | 0 | 0 | 0 |
| Misc Debtors | 10,655 | 29,999 | 127,090 | 135,759 | 176,234 | 43,456 | 12,573 | 0 | 0 |
| Cash | 100 | 100 | 8,434 | 100 | 14,869 | 37,294 | 100 | 140 | 100 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,199,812 | 1,190,314 | 144,882 | 170,454 | 230,024 | 93,892 | 114,298 | 140 | 100 |
| total assets | 5,650,633 | 5,641,135 | 4,595,703 | 4,621,275 | 6,717,642 | 5,361,259 | 3,790,200 | 140 | 100 |
| Bank overdraft | 16,296 | 4,235 | 0 | 1,510 | 0 | 0 | 5,818 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 24,122 | 74,775 | 40,015 | 35,310 | 24,490 | 55,497 | 135 | 0 | 610 |
| Group/Directors Accounts | 1,861,122 | 1,862,763 | 1,980,796 | 2,019,500 | 1,427,636 | 1,384,645 | 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 | 34,824 | 62,892 | 81,012 | 73,028 | 37,590 | 25,727 | 1,375,272 | 1,420 | 0 |
| total current liabilities | 1,936,364 | 2,004,665 | 2,101,823 | 2,129,348 | 1,489,716 | 1,465,869 | 1,381,225 | 1,420 | 610 |
| loans | 3,041,799 | 3,041,799 | 1,790,610 | 1,790,610 | 4,322,588 | 4,168,396 | 2,450,000 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,041,799 | 3,041,799 | 1,790,610 | 1,790,610 | 4,322,588 | 4,168,396 | 2,450,000 | 0 | 0 |
| total liabilities | 4,978,163 | 5,046,464 | 3,892,433 | 3,919,958 | 5,812,304 | 5,634,265 | 3,831,225 | 1,420 | 610 |
| net assets | 672,470 | 594,671 | 703,270 | 701,317 | 905,338 | -273,006 | -41,025 | -1,280 | -510 |
| total shareholders funds | 672,470 | 594,671 | 703,270 | 701,317 | 905,338 | -273,006 | -41,025 | -1,280 | -510 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 9,498 | 1,053,766 | -33,906 | -44,801 | 158,557 | -57,600 | 114,198 | 0 | 0 |
| Creditors | -50,653 | 34,760 | 4,705 | 10,820 | -31,007 | 55,362 | 135 | -610 | 610 |
| Accruals and Deferred Income | -28,068 | -18,120 | 7,984 | 35,438 | 11,863 | -1,349,545 | 1,373,852 | 1,420 | 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 | -3,675,902 | 3,675,902 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,641 | -118,033 | -38,704 | 591,864 | 42,991 | 1,384,645 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 1,251,189 | 0 | -2,531,978 | 154,192 | 1,718,396 | 2,450,000 | 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 | 0 | -8,334 | 8,334 | -14,769 | -22,425 | 37,194 | -40 | 40 | 100 |
| overdraft | 12,061 | 4,235 | -1,510 | 1,510 | 0 | -5,818 | 5,818 | 0 | 0 |
| change in cash | -12,061 | -12,569 | 9,844 | -16,279 | -22,425 | 43,012 | -5,858 | 40 | 100 |
spruceloch limited Credit Report and Business Information
Spruceloch Limited Competitor Analysis
Perform a competitor analysis for spruceloch limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in M12 area or any other competitors across 12 key performance metrics.
spruceloch limited Ownership
SPRUCELOCH LIMITED group structure
Spruceloch Limited has no subsidiary companies.
Ultimate parent company
PARIKEET HOLDINGS (JERSEY) LTD
#0073068
1 parent
SPRUCELOCH LIMITED
09144914
spruceloch limited directors
Spruceloch Limited currently has 3 directors. The longest serving directors include Mrs Carol Allen (Jul 2014) and Mr Benjamin Eades (Feb 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Carol Allen | England | 61 years | Jul 2014 | - | Director |
| Mr Benjamin Eades | England | 43 years | Feb 2017 | - | Director |
| Mr William Tracey | United Kingdom | 41 years | Oct 2022 | - | Director |
P&L
March 2023turnover
219.9k
+13%
operating profit
408.9k
0%
gross margin
74.6%
+0.03%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
672.5k
+0.13%
total assets
5.7m
0%
cash
100
0%
net assets
Total assets minus all liabilities
Similar Companies
spruceloch limited company details
company number
09144914
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
July 2014
age
10
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
universal square, building 2, 3r, devonshire street north, manchester, M12 6JH
accountant
UPPAL & WARR
auditor
-
spruceloch 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 7 charges/mortgages relating to spruceloch limited. Currently there are 3 open charges and 4 have been satisfied in the past.
spruceloch limited Companies House Filings - See Documents
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