spectrum living solutions ltd

spectrum living solutions ltd Company Information

Share SPECTRUM LIVING SOLUTIONS LTD
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Company Number

09443919

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

 

Shareholders

oliver macfarlane

david lockhart

Group Structure

View All

Contact

Registered Address

99 long street, middleton, manchester, M24 6UN

spectrum living solutions ltd Estimated Valuation

£24.2m

Pomanda estimates the enterprise value of SPECTRUM LIVING SOLUTIONS LTD at £24.2m based on a Turnover of £6.2m and 3.92x industry multiple (adjusted for size and gross margin).

spectrum living solutions ltd Estimated Valuation

£30.5m

Pomanda estimates the enterprise value of SPECTRUM LIVING SOLUTIONS LTD at £30.5m based on an EBITDA of £3.8m and a 8.08x industry multiple (adjusted for size and gross margin).

spectrum living solutions ltd Estimated Valuation

£2.9m

Pomanda estimates the enterprise value of SPECTRUM LIVING SOLUTIONS LTD at £2.9m based on Net Assets of £1.7m and 1.74x industry multiple (adjusted for liquidity).

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Spectrum Living Solutions Ltd Overview

Spectrum Living Solutions Ltd is a live company located in manchester, M24 6UN with a Companies House number of 09443919. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in February 2015, it's largest shareholder is oliver macfarlane with a 50% stake. Spectrum Living Solutions Ltd is a young, mid sized company, Pomanda has estimated its turnover at £6.2m with rapid growth in recent years.

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Spectrum Living Solutions Ltd Health Check

Pomanda's financial health check has awarded Spectrum Living Solutions Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £6.2m, make it larger than the average company (£832k)

£6.2m - Spectrum Living Solutions Ltd

£832k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 82%, show it is growing at a faster rate (2.4%)

82% - Spectrum Living Solutions Ltd

2.4% - Industry AVG

production

Production

with a gross margin of 72.4%, this company has a comparable cost of product (72.4%)

72.4% - Spectrum Living Solutions Ltd

72.4% - Industry AVG

profitability

Profitability

an operating margin of 61.2% make it more profitable than the average company (27%)

61.2% - Spectrum Living Solutions Ltd

27% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (4)

2 - Spectrum Living Solutions Ltd

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £31k, the company has an equivalent pay structure (£31k)

£31k - Spectrum Living Solutions Ltd

£31k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £3.1m, this is more efficient (£174.7k)

£3.1m - Spectrum Living Solutions Ltd

£174.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 63 days, this is later than average (32 days)

63 days - Spectrum Living Solutions Ltd

32 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 2 days, this is quicker than average (35 days)

2 days - Spectrum Living Solutions Ltd

35 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Spectrum Living Solutions Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 89 weeks, this is more cash available to meet short term requirements (13 weeks)

89 weeks - Spectrum Living Solutions Ltd

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 95.5%, this is a higher level of debt than the average (68.5%)

95.5% - Spectrum Living Solutions Ltd

68.5% - Industry AVG

SPECTRUM LIVING SOLUTIONS LTD financials

EXPORTms excel logo

Spectrum Living Solutions Ltd's latest turnover from July 2023 is estimated at £6.2 million and the company has net assets of £1.7 million. According to their latest financial statements, Spectrum Living Solutions Ltd has 2 employees and maintains cash reserves of £428.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016
Turnover6,176,2581,884,272894,3421,027,4291,350,1781,073,643791,262216,013
Other Income Or Grants00000000
Cost Of Sales1,707,342539,408267,705289,090405,243286,068201,85056,917
Gross Profit4,468,9161,344,864626,637738,339944,934787,575589,412159,096
Admin Expenses692,10995,776988,446829,090965,165388,756-1,114,386-268,291
Operating Profit3,776,8071,249,088-361,809-90,751-20,231398,8191,703,798427,387
Interest Payable3,723,7401,216,039000000
Interest Receivable27,0875,6345065564,7736,4742,7981,442
Pre-Tax Profit80,15338,683-361,303-90,195-15,458405,2931,706,596428,829
Tax-20,038-7,350000-77,006-324,253-85,766
Profit After Tax60,11531,333-361,303-90,195-15,458328,2871,382,343343,063
Dividends Paid00000000
Retained Profit60,11531,333-361,303-90,195-15,458328,2871,382,343343,063
Employee Costs61,99759,60455,15254,87556,29353,85551,14226,186
Number Of Employees22222221
EBITDA*3,777,7471,249,562-361,342-90,751-19,806399,3881,704,367427,531

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016
Tangible Assets1,0594749482,214,345988,5101,440,7252,063,8171,563
Intangible Assets00000000
Investments & Other35,207,95335,469,95335,469,95335,867,95335,867,95333,842,01727,958,00013,564,793
Debtors (Due After 1 year)00000000
Total Fixed Assets35,209,01235,470,42735,470,90138,082,29836,856,46335,282,74230,021,81713,566,356
Stock & work in progress00000000
Trade Debtors1,067,453329,157160,546168,638185,958132,91890,9055,044
Group Debtors00000000
Misc Debtors440,043447,478503,506474,241493,495547,265381,537231,609
Cash428,282655,190246,304766,297345,214927,4741,662,016576,645
misc current assets00000000
total current assets1,935,7781,431,825910,3561,409,1761,024,6671,607,6572,134,458813,298
total assets37,144,79036,902,25236,381,25739,491,47437,881,13036,890,39932,156,27514,379,654
Bank overdraft00000000
Bank loan00000000
Trade Creditors 12,4867,1922,3152,313156,718295,988259,037278,419
Group/Directors Accounts00000000
other short term finances00000000
hp & lease commitments00000000
other current liabilities235,419690,766218,176763,584173,914794,9471,499,31137,223
total current liabilities247,905697,958220,491765,897330,6321,090,9351,758,348315,642
loans34,158,45233,545,913000000
hp & lease commitments00000000
Accruals and Deferred Income00000000
other liabilities0033,545,91335,998,44034,819,05233,075,67328,078,50913,461,805
provisions1,060,0481,040,1111,027,916778,897693,011669,898593,812258,944
total long term liabilities35,218,50034,586,02434,573,82936,777,33735,512,06333,745,57128,672,32113,720,749
total liabilities35,466,40535,283,98234,794,32037,543,23435,842,69534,836,50630,430,66914,036,391
net assets1,678,3851,618,2701,586,9371,948,2402,038,4352,053,8931,725,606343,263
total shareholders funds1,678,3851,618,2701,586,9371,948,2402,038,4352,053,8931,725,606343,263
Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016
Operating Activities
Operating Profit3,776,8071,249,088-361,809-90,751-20,231398,8191,703,798427,387
Depreciation9404744670425569569144
Amortisation00000000
Tax-20,038-7,350000-77,006-324,253-85,766
Stock00000000
Debtors730,861112,58321,173-36,574-730207,741235,789236,653
Creditors5,2944,8772-154,405-139,27036,951-19,382278,419
Accruals and Deferred Income-455,347472,590-545,408589,670-621,033-704,3641,462,08837,223
Deferred Taxes & Provisions19,93712,195249,01985,88623,11376,086334,868258,944
Cash flow from operations2,596,7321,619,291-678,902466,974-756,266-476,6862,921,899679,698
Investing Activities
capital expenditure-1,52502,212,930-1,225,835451,790622,523-2,062,823-1,707
Change in Investments-262,0000-398,00002,025,9365,884,01714,393,20713,564,793
cash flow from investments260,47502,610,930-1,225,835-1,574,146-5,261,494-16,456,030-13,566,500
Financing Activities
Bank loans00000000
Group/Directors Accounts00000000
Other Short Term Loans 00000000
Long term loans612,53933,545,913000000
Hire Purchase and Lease Commitments00000000
other long term liabilities0-33,545,913-2,452,5271,179,3881,743,3794,997,16414,616,70413,461,805
share issue0000000200
interest-3,696,653-1,210,4055065564,7736,4742,7981,442
cash flow from financing-3,084,114-1,210,405-2,452,0211,179,9441,748,1525,003,63814,619,50213,463,447
cash and cash equivalents
cash-226,908408,886-519,993421,083-582,260-734,5421,085,371576,645
overdraft00000000
change in cash-226,908408,886-519,993421,083-582,260-734,5421,085,371576,645

spectrum living solutions ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Spectrum Living Solutions Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for spectrum living solutions ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in M24 area or any other competitors across 12 key performance metrics.

spectrum living solutions ltd Ownership

SPECTRUM LIVING SOLUTIONS LTD group structure

Spectrum Living Solutions Ltd has no subsidiary companies.

Ultimate parent company

SPECTRUM LIVING SOLUTIONS LTD

09443919

SPECTRUM LIVING SOLUTIONS LTD Shareholders

oliver macfarlane 50%
david lockhart 50%

spectrum living solutions ltd directors

Spectrum Living Solutions Ltd currently has 2 directors. The longest serving directors include Mr Oliver MacFarlane (Feb 2015) and Mr David Lockhart (Feb 2015).

officercountryagestartendrole
Mr Oliver MacFarlaneUnited Kingdom57 years Feb 2015- Director
Mr David LockhartEngland62 years Feb 2015- Director

P&L

July 2023

turnover

6.2m

+228%

operating profit

3.8m

0%

gross margin

72.4%

+1.38%

turnover

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

Balance Sheet

July 2023

net assets

1.7m

+0.04%

total assets

37.1m

+0.01%

cash

428.3k

-0.35%

net assets

Total assets minus all liabilities

spectrum living solutions ltd company details

company number

09443919

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

February 2015

age

9

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

July 2023

previous names

N/A

accountant

-

auditor

-

address

99 long street, middleton, manchester, M24 6UN

Bank

-

Legal Advisor

-

spectrum living solutions 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 spectrum living solutions ltd.

spectrum living solutions 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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spectrum living solutions ltd Companies House Filings - See Documents

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