spirit of harrogate limited
spirit of harrogate limited Company Information
Company Number
09193835
Website
wslingsby.co.ukRegistered Address
5-7 montpellier parade, harrogate, HG1 2TJ
Industry
Distilling, rectifying and blending of spirits
Telephone
01423541279
Next Accounts Due
202 days late
Group Structure
View All
Shareholders
soh brands holdings limited 75.1%
michael carthy 11.6%
View Allspirit of harrogate limited Estimated Valuation
Pomanda estimates the enterprise value of SPIRIT OF HARROGATE LIMITED at £2.9m based on a Turnover of £2.9m and 0.99x industry multiple (adjusted for size and gross margin).
spirit of harrogate limited Estimated Valuation
Pomanda estimates the enterprise value of SPIRIT OF HARROGATE LIMITED at £0 based on an EBITDA of £-714.2k and a 4.04x industry multiple (adjusted for size and gross margin).
spirit of harrogate limited Estimated Valuation
Pomanda estimates the enterprise value of SPIRIT OF HARROGATE LIMITED at £0 based on Net Assets of £-2.2m and 2.66x industry multiple (adjusted for liquidity).
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Spirit Of Harrogate Limited Overview
Spirit Of Harrogate Limited is a live company located in harrogate, HG1 2TJ with a Companies House number of 09193835. It operates in the distilling, rectifying and blending of spirits sector, SIC Code 11010. Founded in August 2014, it's largest shareholder is soh brands holdings limited with a 75.1% stake. Spirit Of Harrogate Limited is a established, small sized company, Pomanda has estimated its turnover at £2.9m with declining growth in recent years.
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Spirit Of Harrogate Limited Health Check
Pomanda's financial health check has awarded Spirit Of Harrogate Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 9 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
9 Weak
Size
annual sales of £2.9m, make it smaller than the average company (£15.9m)
£2.9m - Spirit Of Harrogate Limited
£15.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (3.7%)
-19% - Spirit Of Harrogate Limited
3.7% - Industry AVG
Production
with a gross margin of 19.1%, this company has a higher cost of product (37.5%)
19.1% - Spirit Of Harrogate Limited
37.5% - Industry AVG
Profitability
an operating margin of -28.2% make it less profitable than the average company (8.7%)
-28.2% - Spirit Of Harrogate Limited
8.7% - Industry AVG
Employees
with 14 employees, this is below the industry average (85)
14 - Spirit Of Harrogate Limited
85 - Industry AVG
Pay Structure
on an average salary of £42.8k, the company has an equivalent pay structure (£46.2k)
£42.8k - Spirit Of Harrogate Limited
£46.2k - Industry AVG
Efficiency
resulting in sales per employee of £210.4k, this is less efficient (£287.9k)
£210.4k - Spirit Of Harrogate Limited
£287.9k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is earlier than average (40 days)
14 days - Spirit Of Harrogate Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (44 days)
17 days - Spirit Of Harrogate Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (560 days)
2 days - Spirit Of Harrogate Limited
560 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (7 weeks)
0 weeks - Spirit Of Harrogate Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 353.6%, this is a higher level of debt than the average (49.6%)
353.6% - Spirit Of Harrogate Limited
49.6% - Industry AVG
SPIRIT OF HARROGATE LIMITED financials
Spirit Of Harrogate Limited's latest turnover from February 2022 is £2.9 million and the company has net assets of -£2.2 million. According to their latest financial statements, Spirit Of Harrogate Limited has 14 employees and maintains cash reserves of £8.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 2,946,050 | 2,647,467 | 5,035,503 | 5,460,435 | 2,921,518 | 585,916 | 133,108 | 0 |
| Other Income Or Grants | 0 | |||||||
| Cost Of Sales | 0 | |||||||
| Gross Profit | 0 | |||||||
| Admin Expenses | 0 | |||||||
| Operating Profit | -830,114 | -350,999 | -777,940 | 201,631 | 31,959 | -365,116 | -244,338 | 0 |
| Interest Payable | 4,404 | 5,660 | 10,409 | 442 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -834,518 | -356,659 | -788,349 | 201,189 | 31,959 | -365,116 | -244,338 | 0 |
| Tax | 33,173 | -6,049 | 113,602 | -35,374 | 38,090 | -2,282 | -5,490 | 0 |
| Profit After Tax | -801,345 | -362,708 | -674,747 | 165,815 | 70,049 | -367,398 | -249,828 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -801,345 | -362,708 | -674,747 | 165,815 | 70,049 | -367,398 | -249,828 | 0 |
| Employee Costs | 599,333 | 734,336 | 901,031 | 848,453 | 527,511 | 173,034 | 75,626 | 0 |
| Number Of Employees | 14 | 16 | 24 | 24 | 18 | 10 | 5 | |
| EBITDA* | -714,173 | -212,012 | -643,743 | 294,068 | 63,391 | -342,309 | -237,717 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 449,504 | 518,645 | 647,767 | 689,072 | 264,995 | 137,945 | 135,527 | 0 |
| Intangible Assets | 9,751 | 10,091 | 9,457 | 8,492 | 8,492 | 8,492 | 8,492 | 8,492 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 459,255 | 528,736 | 657,224 | 697,564 | 273,487 | 146,437 | 144,019 | 8,492 |
| Stock & work in progress | 17,616 | 42,005 | 44,172 | 39,329 | 10,359 | 33,620 | 23,779 | 0 |
| Trade Debtors | 114,931 | 53,020 | 310,386 | 347,844 | 264,142 | 43,156 | 15,336 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 274,759 | 174,919 | 182,982 | 97,758 | 89,649 | 79,083 | 34,770 | 0 |
| Cash | 8,902 | 19,607 | 38,480 | 15,036 | 113,943 | 196,863 | 80,209 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 416,208 | 289,551 | 576,020 | 499,967 | 478,093 | 352,722 | 154,094 | 0 |
| total assets | 875,463 | 818,287 | 1,233,244 | 1,197,531 | 751,580 | 499,159 | 298,113 | 8,492 |
| Bank overdraft | 0 | 0 | 0 | 121,075 | 0 | 0 | 0 | 0 |
| Bank loan | 20,000 | 20,000 | 133,216 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 113,558 | 42,993 | 134,485 | 166,216 | 93,338 | 470,559 | 122,984 | 8,392 |
| Group/Directors Accounts | 2,673,505 | 1,844,034 | 1,599,611 | 1,000,646 | 1,165,583 | 608,015 | 418,469 | 0 |
| other short term finances | 0 | 0 | 0 | 121,075 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 5,833 | 10,789 | 10,994 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 248,339 | 259,065 | 320,035 | 285,767 | 39,736 | 29,939 | 6,388 | 0 |
| total current liabilities | 3,061,235 | 2,176,881 | 2,198,341 | 1,573,704 | 1,298,657 | 1,108,513 | 547,841 | 8,392 |
| loans | 0 | 48,333 | 68,333 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 11,757 | 22,546 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 34,257 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 5,056 | 0 | 7,772 | 0 | 0 |
| total long term liabilities | 34,257 | 60,090 | 90,879 | 5,056 | 0 | 7,772 | 0 | 0 |
| total liabilities | 3,095,492 | 2,236,971 | 2,289,220 | 1,578,760 | 1,298,657 | 1,116,285 | 547,841 | 8,392 |
| net assets | -2,220,029 | -1,418,684 | -1,055,976 | -381,229 | -547,077 | -617,126 | -249,728 | 100 |
| total shareholders funds | -2,220,029 | -1,418,684 | -1,055,976 | -381,229 | -547,077 | -617,126 | -249,728 | 100 |
| Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -830,114 | -350,999 | -777,940 | 201,631 | 31,959 | -365,116 | -244,338 | 0 |
| Depreciation | 115,941 | 138,987 | 134,197 | 92,437 | 31,432 | 22,807 | 6,621 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 33,173 | -6,049 | 113,602 | -35,374 | 38,090 | -2,282 | -5,490 | 0 |
| Stock | -24,389 | -2,167 | 4,843 | 28,970 | -23,261 | 9,841 | 23,779 | 0 |
| Debtors | 161,751 | -265,429 | 47,766 | 91,811 | 231,552 | 72,133 | 50,106 | 0 |
| Creditors | 70,565 | -91,492 | -31,731 | 72,878 | -377,221 | 347,575 | 114,592 | 8,392 |
| Accruals and Deferred Income | -10,726 | -60,970 | 34,268 | 246,031 | 9,797 | 23,551 | 6,388 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | -5,056 | 5,056 | -7,772 | 7,772 | 0 | 0 |
| Cash flow from operations | -758,523 | -102,927 | -585,269 | 461,878 | -482,006 | -47,667 | -196,112 | 8,392 |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | -113,216 | 133,216 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 829,471 | 244,423 | 598,965 | -164,937 | 557,568 | 189,546 | 418,469 | 0 |
| Other Short Term Loans | 0 | 0 | -121,075 | 121,075 | 0 | 0 | 0 | 0 |
| Long term loans | -48,333 | -20,000 | 68,333 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -16,713 | -10,994 | 33,540 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 34,257 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -4,404 | -5,660 | -10,409 | -442 | 0 | 0 | 0 | 0 |
| cash flow from financing | 794,278 | 94,553 | 702,570 | -44,271 | 557,568 | 189,546 | 418,469 | 100 |
| cash and cash equivalents | ||||||||
| cash | -10,705 | -18,873 | 23,444 | -98,907 | -82,920 | 116,654 | 80,209 | 0 |
| overdraft | 0 | 0 | -121,075 | 121,075 | 0 | 0 | 0 | 0 |
| change in cash | -10,705 | -18,873 | 144,519 | -219,982 | -82,920 | 116,654 | 80,209 | 0 |
spirit of harrogate limited Credit Report and Business Information
Spirit Of Harrogate Limited Competitor Analysis
Perform a competitor analysis for spirit of harrogate limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
spirit of harrogate limited Ownership
SPIRIT OF HARROGATE LIMITED group structure
Spirit Of Harrogate Limited has no subsidiary companies.
Ultimate parent company
1 parent
SPIRIT OF HARROGATE LIMITED
09193835
spirit of harrogate limited directors
Spirit Of Harrogate Limited currently has 2 directors. The longest serving directors include Mr Marcus Black (Aug 2014) and Mr Michael Carthy (Aug 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Marcus Black | England | 54 years | Aug 2014 | - | Director |
| Mr Michael Carthy | England | 67 years | Aug 2014 | - | Director |
P&L
February 2022turnover
2.9m
+11%
operating profit
-830.1k
+137%
gross margin
19.1%
-15.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2022net assets
-2.2m
+0.56%
total assets
875.5k
+0.07%
cash
8.9k
-0.55%
net assets
Total assets minus all liabilities
spirit of harrogate limited company details
company number
09193835
Type
Private limited with Share Capital
industry
11010 - Distilling, rectifying and blending of spirits
incorporation date
August 2014
age
10
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
N/A
incorporated
UK
address
5-7 montpellier parade, harrogate, HG1 2TJ
last accounts submitted
February 2022
spirit of harrogate 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 4 charges/mortgages relating to spirit of harrogate limited. Currently there are 4 open charges and 0 have been satisfied in the past.
spirit of harrogate limited Companies House Filings - See Documents
| date | description | view/download |
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