spectrum medical group limited
spectrum medical group limited Company Information
Company Number
09762837
Website
www.spectrummedical.comRegistered Address
harrier 4 meteor business park, cheltenham road east, gloucester, GL2 9QL
Industry
Activities of production holding companies
Telephone
01242650120
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
stephen brian turner 37.2%
quark bidco limited 33.2%
View Allspectrum medical group limited Estimated Valuation
Pomanda estimates the enterprise value of SPECTRUM MEDICAL GROUP LIMITED at £356.5m based on a Turnover of £77.7m and 4.59x industry multiple (adjusted for size and gross margin).
spectrum medical group limited Estimated Valuation
Pomanda estimates the enterprise value of SPECTRUM MEDICAL GROUP LIMITED at £221.7m based on an EBITDA of £12.9m and a 17.15x industry multiple (adjusted for size and gross margin).
spectrum medical group limited Estimated Valuation
Pomanda estimates the enterprise value of SPECTRUM MEDICAL GROUP LIMITED at £50.8m based on Net Assets of £70.6m and 0.72x industry multiple (adjusted for liquidity).
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Spectrum Medical Group Limited Overview
Spectrum Medical Group Limited is a live company located in gloucester, GL2 9QL with a Companies House number of 09762837. It operates in the activities of production holding companies sector, SIC Code 64202. Founded in September 2015, it's largest shareholder is stephen brian turner with a 37.2% stake. Spectrum Medical Group Limited is a young, large sized company, Pomanda has estimated its turnover at £77.7m with rapid growth in recent years.
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Spectrum Medical Group Limited Health Check
Pomanda's financial health check has awarded Spectrum Medical Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 4 areas for improvement. Company Health Check FAQs
8 Strong
0 Regular
4 Weak
Size
annual sales of £77.7m, make it larger than the average company (£17.9m)
£77.7m - Spectrum Medical Group Limited
£17.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 33%, show it is growing at a faster rate (5.8%)
33% - Spectrum Medical Group Limited
5.8% - Industry AVG
Production
with a gross margin of 73.9%, this company has a lower cost of product (32.8%)
73.9% - Spectrum Medical Group Limited
32.8% - Industry AVG
Profitability
an operating margin of 10.9% make it more profitable than the average company (6.1%)
10.9% - Spectrum Medical Group Limited
6.1% - Industry AVG
Employees
with 316 employees, this is above the industry average (110)
316 - Spectrum Medical Group Limited
110 - Industry AVG
Pay Structure
on an average salary of £71.6k, the company has a higher pay structure (£39.8k)
£71.6k - Spectrum Medical Group Limited
£39.8k - Industry AVG
Efficiency
resulting in sales per employee of £246k, this is more efficient (£169k)
£246k - Spectrum Medical Group Limited
£169k - Industry AVG
Debtor Days
it gets paid by customers after 70 days, this is later than average (56 days)
70 days - Spectrum Medical Group Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 118 days, this is slower than average (51 days)
118 days - Spectrum Medical Group Limited
51 days - Industry AVG
Stock Days
it holds stock equivalent to 578 days, this is more than average (72 days)
578 days - Spectrum Medical Group Limited
72 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (14 weeks)
7 weeks - Spectrum Medical Group Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 27.3%, this is a lower level of debt than the average (60.8%)
27.3% - Spectrum Medical Group Limited
60.8% - Industry AVG
SPECTRUM MEDICAL GROUP LIMITED financials
Spectrum Medical Group Limited's latest turnover from December 2022 is £77.7 million and the company has net assets of £70.6 million. According to their latest financial statements, Spectrum Medical Group Limited has 316 employees and maintains cash reserves of £3.8 million 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 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 77,731,342 | 70,715,436 | 40,586,326 | 33,128,474 | 26,171,254 | 8,878,694 | 7,219,474 | 7,428,544 | 8,138,571 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 20,286,251 | 20,521,159 | 10,204,601 | 8,201,258 | 5,878,525 | 2,030,841 | 1,636,495 | 1,372,957 | 1,783,319 |
| Gross Profit | 57,445,091 | 50,194,277 | 30,381,725 | 24,927,216 | 20,292,729 | 6,847,853 | 5,582,979 | 6,055,587 | 6,355,252 |
| Admin Expenses | 48,961,936 | 31,736,710 | 25,535,581 | 24,594,310 | 18,174,795 | 12,114,416 | 7,183,373 | 5,855,661 | 4,841,481 |
| Operating Profit | 8,483,155 | 18,457,567 | 4,846,144 | 332,906 | 2,117,934 | -5,266,563 | -1,600,394 | 199,926 | 1,513,771 |
| Interest Payable | 1,065,458 | 1,377,787 | 1,783,830 | 983,020 | 428,135 | 489,399 | 296,132 | 110,247 | 168,452 |
| Interest Receivable | 25,583 | 0 | 0 | 0 | 392,076 | 4,254 | 9 | 10 | 0 |
| Pre-Tax Profit | 7,443,280 | 17,079,780 | 3,062,314 | -650,114 | 2,081,875 | -5,751,708 | -1,896,517 | 89,689 | 1,345,319 |
| Tax | -2,489 | 1,863,801 | 2,012,215 | 2,804,656 | 967,111 | 1,162,290 | 629,832 | 341,648 | -54,414 |
| Profit After Tax | 7,440,791 | 18,943,581 | 5,074,529 | 2,154,542 | 3,048,986 | -4,589,418 | -1,266,685 | 431,337 | 1,290,905 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 1,499,558 | 0 | 0 | 0 |
| Retained Profit | 10,093,875 | 22,052,205 | 7,369,599 | 3,617,151 | 3,540,839 | -6,115,296 | -1,266,685 | 431,337 | 1,290,905 |
| Employee Costs | 22,612,428 | 17,673,087 | 16,717,676 | 12,796,950 | 10,622,505 | 6,815,542 | 4,742,287 | 3,731,039 | 3,129,406 |
| Number Of Employees | 316 | 240 | 193 | 173 | 116 | 96 | 62 | 53 | 44 |
| EBITDA* | 12,928,894 | 21,646,091 | 7,264,290 | 2,625,308 | 3,957,231 | -4,324,235 | -784,886 | 641,154 | 1,993,856 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 25,712,661 | 20,524,438 | 17,087,340 | 13,695,888 | 11,754,710 | 2,017,049 | 751,269 | 811,279 | 833,658 |
| Intangible Assets | 1,159,647 | 1,151,185 | 1,324,879 | 1,448,214 | 1,540,596 | 818,354 | 0 | 161,457 | 322,911 |
| Investments & Other | 0 | 7,043,368 | 4,213,990 | 1,919,365 | 456,756 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 26,872,308 | 28,718,991 | 22,626,209 | 17,063,467 | 13,752,062 | 2,835,403 | 751,269 | 972,736 | 1,156,569 |
| Stock & work in progress | 32,143,584 | 20,445,566 | 11,769,330 | 7,901,111 | 8,028,356 | 4,385,569 | 1,855,192 | 1,527,295 | 861,822 |
| Trade Debtors | 14,925,428 | 14,592,741 | 10,997,654 | 1,999,093 | 3,126,088 | 862,096 | 1,136,825 | 1,146,727 | 1,869,933 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 19,260,980 | 15,170,223 | 11,921,931 | 8,387,433 | 5,234,976 | 3,037,839 | 1,197,112 | 567,629 | 274,873 |
| Cash | 3,830,215 | 1,239,340 | 3,820,735 | 288,563 | 2,122,971 | 4,599,986 | 6,496,924 | 448,833 | 533,772 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 70,160,207 | 51,447,870 | 38,509,650 | 18,576,200 | 18,512,391 | 12,885,490 | 10,686,053 | 3,690,484 | 3,540,400 |
| total assets | 97,032,515 | 80,166,861 | 61,135,859 | 35,639,667 | 32,264,453 | 15,720,893 | 11,437,322 | 4,663,220 | 4,696,969 |
| Bank overdraft | 0 | 1,672,779 | 2,634,142 | 726,729 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 535,581 | 502,224 | 0 | 410,013 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 6,612,281 | 5,896,771 | 5,332,829 | 3,339,307 | 4,081,917 | 1,449,487 | 288,614 | 385,893 | 333,423 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 21,126,068 | 9,970,181 | 0 | 0 | 0 | 9,133,973 | 1,150,582 | 1,440,757 |
| hp & lease commitments | 0 | 231,410 | 213,141 | 223,324 | 353,094 | 0 | 0 | 0 | 0 |
| other current liabilities | 18,754,981 | 12,945,074 | 13,695,186 | 5,581,854 | 11,382,806 | 19,741,649 | 1,876,394 | 1,213,055 | 1,246,704 |
| total current liabilities | 25,902,843 | 42,374,326 | 31,845,479 | 10,281,227 | 15,817,817 | 21,191,136 | 11,298,981 | 2,749,530 | 3,020,884 |
| loans | 537,418 | 1,018,988 | 13,887,226 | 17,272,331 | 16,731,676 | 145,766 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 1,281,913 | 1,494,369 | 1,761,040 | 1,927,505 | 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 | 55,835 |
| total long term liabilities | 537,418 | 2,300,901 | 15,381,595 | 19,033,371 | 18,659,181 | 145,766 | 0 | 0 | 55,835 |
| total liabilities | 26,440,261 | 44,675,227 | 47,227,074 | 29,314,598 | 34,476,998 | 21,336,902 | 11,298,981 | 2,749,530 | 3,076,719 |
| net assets | 70,592,254 | 35,491,634 | 13,908,785 | 6,325,069 | -2,212,545 | -5,650,899 | 138,341 | 1,913,690 | 1,620,250 |
| total shareholders funds | 70,592,254 | 35,491,634 | 13,908,785 | 6,325,069 | -2,212,545 | -5,650,899 | 138,341 | 1,913,690 | 1,620,250 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 8,483,155 | 18,457,567 | 4,846,144 | 332,906 | 2,117,934 | -5,266,563 | -1,600,394 | 199,926 | 1,513,771 |
| Depreciation | 3,997,944 | 2,995,678 | 2,286,737 | 1,987,135 | 1,600,269 | 876,573 | 654,051 | 279,774 | 318,631 |
| Amortisation | 447,795 | 192,846 | 131,409 | 305,267 | 239,028 | 65,755 | 161,457 | 161,454 | 161,454 |
| Tax | -2,489 | 1,863,801 | 2,012,215 | 2,804,656 | 967,111 | 1,162,290 | 629,832 | 341,648 | -54,414 |
| Stock | 11,698,018 | 8,676,236 | 3,868,219 | -127,245 | 3,642,787 | 2,530,377 | 327,897 | 665,473 | 861,822 |
| Debtors | 4,423,444 | 6,843,379 | 12,533,059 | 2,025,462 | 4,461,129 | 1,565,998 | 619,581 | -430,450 | 2,144,806 |
| Creditors | 715,510 | 563,942 | 1,993,522 | -742,610 | 2,632,430 | 1,160,873 | -97,279 | 52,470 | 333,423 |
| Accruals and Deferred Income | 5,809,907 | -750,112 | 8,113,332 | -5,800,952 | -8,358,843 | 17,865,255 | 663,339 | -33,649 | 1,246,704 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -55,835 | 55,835 |
| Cash flow from operations | 3,330,360 | 7,804,107 | 2,982,081 | -3,011,815 | -8,905,987 | 11,767,808 | -536,472 | 710,765 | 568,776 |
| Investing Activities | |||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -12,770,122 | -4,040,977 | -462,968 | -257,395 | -177,261 |
| Change in Investments | -7,043,368 | 2,829,378 | 2,294,625 | 1,462,609 | 456,756 | 0 | 0 | 0 | 0 |
| cash flow from investments | 7,043,368 | -2,829,378 | -2,294,625 | -1,462,609 | -13,226,878 | -4,040,977 | -462,968 | -257,395 | -177,261 |
| Financing Activities | |||||||||
| Bank loans | 33,357 | 502,224 | -410,013 | 410,013 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -21,126,068 | 11,155,887 | 9,970,181 | 0 | 0 | -9,133,973 | 7,983,391 | -290,175 | 1,440,757 |
| Long term loans | -481,570 | -12,868,238 | -3,385,105 | 540,655 | 16,585,910 | 145,766 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -1,513,323 | -194,187 | -276,854 | -296,235 | 2,280,599 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | -1,039,875 | -1,377,787 | -1,783,830 | -983,020 | -36,059 | -485,145 | -296,123 | -110,237 | -168,452 |
| cash flow from financing | 879,266 | -3,251,457 | 4,328,496 | 4,591,876 | 18,727,965 | -9,147,296 | 7,178,604 | -538,309 | 1,601,650 |
| cash and cash equivalents | |||||||||
| cash | 2,590,875 | -2,581,395 | 3,532,172 | -1,834,408 | -2,477,015 | -1,896,938 | 6,048,091 | -84,939 | 533,772 |
| overdraft | -1,672,779 | -961,363 | 1,907,413 | 726,729 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 4,263,654 | -1,620,032 | 1,624,759 | -2,561,137 | -2,477,015 | -1,896,938 | 6,048,091 | -84,939 | 533,772 |
spectrum medical group limited Credit Report and Business Information
Spectrum Medical Group Limited Competitor Analysis
Perform a competitor analysis for spectrum medical group limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in GL2 area or any other competitors across 12 key performance metrics.
spectrum medical group limited Ownership
SPECTRUM MEDICAL GROUP LIMITED group structure
Spectrum Medical Group Limited has 3 subsidiary companies.
Ultimate parent company
SPECTRUM MEDICAL GROUP LIMITED
09762837
3 subsidiaries
spectrum medical group limited directors
Spectrum Medical Group Limited currently has 5 directors. The longest serving directors include Mr Stephen Turner (Sep 2015) and Mr Jeremy Hitchins (Dec 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Turner | 65 years | Sep 2015 | - | Director | |
| Mr Jeremy Hitchins | England | 70 years | Dec 2015 | - | Director |
| Mr Mark Drain | 58 years | Dec 2015 | - | Director | |
| Mrs Cathrin Petty | England | 51 years | Jul 2022 | - | Director |
| Mr Philip Robinson | England | 43 years | Sep 2022 | - | Director |
P&L
December 2022turnover
77.7m
+10%
operating profit
8.5m
-54%
gross margin
74%
+4.12%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
70.6m
+0.99%
total assets
97m
+0.21%
cash
3.8m
+2.09%
net assets
Total assets minus all liabilities
spectrum medical group limited company details
company number
09762837
Type
Private limited with Share Capital
industry
64202 - Activities of production holding companies
incorporation date
September 2015
age
9
incorporated
UK
accounts
Group
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
harrier 4 meteor business park, cheltenham road east, gloucester, GL2 9QL
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
spectrum medical group 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 1 charges/mortgages relating to spectrum medical group limited. Currently there are 1 open charges and 0 have been satisfied in the past.
spectrum medical group limited Companies House Filings - See Documents
| date | description | view/download |
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