spiceworks u.k. ltd.
spiceworks u.k. ltd. Company Information
Company Number
09514729
Next Accounts
191 days late
Shareholders
the aberdeen group llc
Group Structure
View All
Industry
Computer consultancy activities
Registered Address
18 mansell street, london, E1 8AA
Website
-spiceworks u.k. ltd. Estimated Valuation
Pomanda estimates the enterprise value of SPICEWORKS U.K. LTD. at £836.1k based on a Turnover of £1.6m and 0.51x industry multiple (adjusted for size and gross margin).
spiceworks u.k. ltd. Estimated Valuation
Pomanda estimates the enterprise value of SPICEWORKS U.K. LTD. at £409.7k based on an EBITDA of £114.1k and a 3.59x industry multiple (adjusted for size and gross margin).
spiceworks u.k. ltd. Estimated Valuation
Pomanda estimates the enterprise value of SPICEWORKS U.K. LTD. at £1.3m based on Net Assets of £578k and 2.29x industry multiple (adjusted for liquidity).
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Spiceworks U.k. Ltd. Overview
Spiceworks U.k. Ltd. is a live company located in london, E1 8AA with a Companies House number of 09514729. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in March 2015, it's largest shareholder is the aberdeen group llc with a 100% stake. Spiceworks U.k. Ltd. is a established, small sized company, Pomanda has estimated its turnover at £1.6m with declining growth in recent years.
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Spiceworks U.k. Ltd. Health Check
Pomanda's financial health check has awarded Spiceworks U.K. Ltd. a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £1.6m, make it smaller than the average company (£2.6m)
£1.6m - Spiceworks U.k. Ltd.
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -26%, show it is growing at a slower rate (4.9%)
- Spiceworks U.k. Ltd.
4.9% - Industry AVG
Production
with a gross margin of 22.4%, this company has a higher cost of product (46.1%)
22.4% - Spiceworks U.k. Ltd.
46.1% - Industry AVG
Profitability
an operating margin of 6% make it as profitable than the average company (6.7%)
6% - Spiceworks U.k. Ltd.
6.7% - Industry AVG
Employees
with 29 employees, this is above the industry average (20)
29 - Spiceworks U.k. Ltd.
20 - Industry AVG
Pay Structure
on an average salary of £58.7k, the company has an equivalent pay structure (£58.7k)
- Spiceworks U.k. Ltd.
£58.7k - Industry AVG
Efficiency
resulting in sales per employee of £56.6k, this is less efficient (£131.1k)
£56.6k - Spiceworks U.k. Ltd.
£131.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Spiceworks U.k. Ltd.
- - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (30 days)
7 days - Spiceworks U.k. Ltd.
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Spiceworks U.k. Ltd.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (18 weeks)
0 weeks - Spiceworks U.k. Ltd.
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.2%, this is a higher level of debt than the average (59.8%)
94.2% - Spiceworks U.k. Ltd.
59.8% - Industry AVG
SPICEWORKS U.K. LTD. financials
Spiceworks U.K. Ltd.'s latest turnover from December 2022 is £1.6 million and the company has net assets of £578 thousand. According to their latest financial statements, Spiceworks U.K. Ltd. has 29 employees and maintains cash reserves of £120.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 1,642,367 | 2,230,637 | 1,885,697 | |||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | 1,273,997 | 1,676,679 | 1,546,222 | |||||
| Gross Profit | 368,370 | 553,958 | 339,475 | |||||
| Admin Expenses | 269,256 | 452,892 | 414,353 | |||||
| Operating Profit | 99,114 | 101,066 | -74,878 | |||||
| Interest Payable | ||||||||
| Interest Receivable | 7 | |||||||
| Pre-Tax Profit | 99,114 | 101,066 | -18,278 | |||||
| Tax | -21,375 | -24,679 | -751 | |||||
| Profit After Tax | 77,739 | 76,387 | -19,029 | |||||
| Dividends Paid | ||||||||
| Retained Profit | 77,739 | 76,387 | -19,029 | |||||
| Employee Costs | ||||||||
| Number Of Employees | 29 | 38 | 36 | 48 | 44 | 47 | 30 | 34 |
| EBITDA* | 114,142 | 115,400 | -57,180 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 40,032 | 44,588 | 48,913 | 67,710 | 44,837 | 55,215 | 23,086 | 23,751 |
| Intangible Assets | -5,488 | -16,466 | -27,444 | 32,329 | -54,889 | |||
| Investments & Other | 466,184 | 466,184 | 737 | 737 | 737 | 737 | 737 | 737 |
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 506,216 | 510,772 | 49,650 | 62,959 | 29,108 | 28,508 | 56,152 | -30,401 |
| Stock & work in progress | ||||||||
| Trade Debtors | 1,019,465 | |||||||
| Group Debtors | 9,230,414 | 6,927,972 | 6,455,654 | 4,433,038 | 2,161,054 | 281,342 | 134,883 | 1 |
| Misc Debtors | 75,591 | 100,182 | 125,645 | 191,343 | 197,315 | 181,921 | 119,579 | 84,245 |
| Cash | 120,710 | 87,511 | 412 | 4,318 | 4,488 | 16,534 | 3,340 | 11,401 |
| misc current assets | ||||||||
| total current assets | 9,426,715 | 7,115,665 | 6,581,711 | 4,628,699 | 2,362,857 | 479,797 | 257,802 | 1,115,112 |
| total assets | 9,932,931 | 7,626,437 | 6,631,361 | 4,691,658 | 2,391,965 | 508,305 | 313,954 | 1,084,711 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 26,505 | 37,220 | 63,832 | 145,778 | 54,857 | 134,658 | 65,770 | 66,927 |
| Group/Directors Accounts | 9,059,903 | 6,892,528 | 5,996,873 | 3,871,226 | 1,894,669 | 868,126 | ||
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 268,554 | 208,371 | 148,543 | 232,465 | 168,108 | 174,185 | 132,020 | 106,449 |
| total current liabilities | 9,354,962 | 7,138,119 | 6,209,248 | 4,249,469 | 2,117,634 | 308,843 | 197,790 | 1,041,502 |
| loans | ||||||||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | ||||||||
| provisions | 477 | 799 | 3,822 | 2,527 | 4,102 | 18,767 | 4,750 | |
| total long term liabilities | 477 | 799 | 3,822 | 2,527 | 4,102 | 18,767 | 4,750 | |
| total liabilities | 9,354,962 | 7,138,596 | 6,210,047 | 4,253,291 | 2,120,161 | 312,945 | 216,557 | 1,046,252 |
| net assets | 577,969 | 487,841 | 421,314 | 438,367 | 271,804 | 195,360 | 97,397 | 38,459 |
| total shareholders funds | 577,969 | 487,841 | 421,314 | 438,367 | 271,804 | 195,360 | 97,397 | 38,459 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 99,114 | 101,066 | -74,878 | |||||
| Depreciation | 15,028 | 14,334 | 17,698 | 15,468 | 15,360 | 15,198 | 10,258 | 5,158 |
| Amortisation | 10,978 | 10,978 | 120,663 | 4,995 | ||||
| Tax | -21,375 | -24,679 | -751 | |||||
| Stock | ||||||||
| Debtors | 2,277,851 | 446,855 | 1,956,918 | 2,266,012 | 1,895,106 | 208,801 | -849,249 | 1,103,711 |
| Creditors | -10,715 | -26,612 | -81,946 | 90,921 | -79,801 | 68,888 | -1,157 | 66,927 |
| Accruals and Deferred Income | 60,183 | 59,828 | -83,922 | 64,357 | -6,077 | 42,165 | 25,571 | 106,449 |
| Deferred Taxes & Provisions | -477 | -322 | -3,023 | 1,295 | -1,575 | -14,665 | 14,017 | 4,750 |
| Cash flow from operations | -2,136,093 | -323,240 | -2,183,740 | |||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 465,447 | 737 | ||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | 2,167,375 | 895,655 | 2,125,647 | 1,976,557 | 1,894,669 | -868,126 | 868,126 | |
| Other Short Term Loans | ||||||||
| Long term loans | ||||||||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | 7 | |||||||
| cash flow from financing | 2,179,764 | 885,795 | 2,127,630 | |||||
| cash and cash equivalents | ||||||||
| cash | 33,199 | 87,099 | -3,906 | -170 | -12,046 | 13,194 | -8,061 | 11,401 |
| overdraft | ||||||||
| change in cash | 33,199 | 87,099 | -3,906 | -170 | -12,046 | 13,194 | -8,061 | 11,401 |
spiceworks u.k. ltd. Credit Report and Business Information
Spiceworks U.k. Ltd. Competitor Analysis
Perform a competitor analysis for spiceworks u.k. ltd. by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in E 1 area or any other competitors across 12 key performance metrics.
spiceworks u.k. ltd. Ownership
SPICEWORKS U.K. LTD. group structure
Spiceworks U.K. Ltd. has no subsidiary companies.
Ultimate parent company
THE ABERDEEN GROUP LLC
#0156887
1 parent
SPICEWORKS U.K. LTD.
09514729
spiceworks u.k. ltd. directors
Spiceworks U.K. Ltd. currently has 7 directors. The longest serving directors include Mr Jeremy Rossen (Nov 2020) and Mr Steven Horowitz (Nov 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jeremy Rossen | United States | 54 years | Nov 2020 | - | Director |
| Mr Steven Horowitz | United States | 53 years | Nov 2020 | - | Director |
| Ms Julianna Orgel-Eaton | 39 years | Nov 2020 | - | Director | |
| Mr Jeremy Rossen | United States | 54 years | Nov 2020 | - | Director |
| Ms Julianna Orgel-Eaton | 39 years | Sep 2021 | - | Director | |
| Mr Geoff Inns | United States | 55 years | May 2022 | - | Director |
| Mr Bret Richter | 55 years | May 2022 | - | Director |
P&L
December 2022turnover
1.6m
-26%
operating profit
99.1k
-2%
gross margin
22.5%
-9.68%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
578k
+0.18%
total assets
9.9m
+0.3%
cash
120.7k
+0.38%
net assets
Total assets minus all liabilities
spiceworks u.k. ltd. company details
company number
09514729
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
March 2015
age
10
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2022
previous names
aberdeen market intelligence u.k. ltd. (April 2024)
accountant
-
auditor
BDO LLP
address
18 mansell street, london, E1 8AA
Bank
-
Legal Advisor
-
spiceworks u.k. 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 spiceworks u.k. ltd..
spiceworks u.k. 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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spiceworks u.k. ltd. Companies House Filings - See Documents
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