spares-direct 2015 ltd
spares-direct 2015 ltd Company Information
Company Number
09822363
Next Accounts
Jul 2025
Industry
Retail sale via mail order houses or via Internet
Shareholders
david arthur higham
chloe higham
View AllGroup Structure
View All
Contact
Registered Address
6 coupland close, oldham, OL4 2TQ
Website
-spares-direct 2015 ltd Estimated Valuation
Pomanda estimates the enterprise value of SPARES-DIRECT 2015 LTD at £38.6k based on a Turnover of £153.2k and 0.25x industry multiple (adjusted for size and gross margin).
spares-direct 2015 ltd Estimated Valuation
Pomanda estimates the enterprise value of SPARES-DIRECT 2015 LTD at £22.3k based on an EBITDA of £7.7k and a 2.91x industry multiple (adjusted for size and gross margin).
spares-direct 2015 ltd Estimated Valuation
Pomanda estimates the enterprise value of SPARES-DIRECT 2015 LTD at £16.8k based on Net Assets of £7.4k and 2.27x industry multiple (adjusted for liquidity).
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Spares-direct 2015 Ltd Overview
Spares-direct 2015 Ltd is a live company located in oldham, OL4 2TQ with a Companies House number of 09822363. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in October 2015, it's largest shareholder is david arthur higham with a 70% stake. Spares-direct 2015 Ltd is a young, micro sized company, Pomanda has estimated its turnover at £153.2k with declining growth in recent years.
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Spares-direct 2015 Ltd Health Check
Pomanda's financial health check has awarded Spares-Direct 2015 Ltd a 2.5 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 £153.2k, make it smaller than the average company (£308.7k)
- Spares-direct 2015 Ltd
£308.7k - Industry AVG
Growth
3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (5.4%)
- Spares-direct 2015 Ltd
5.4% - Industry AVG
Production
with a gross margin of 20.1%, this company has a higher cost of product (36.7%)
- Spares-direct 2015 Ltd
36.7% - Industry AVG
Profitability
an operating margin of 5% make it more profitable than the average company (2.1%)
- Spares-direct 2015 Ltd
2.1% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
3 - Spares-direct 2015 Ltd
4 - Industry AVG
Pay Structure
on an average salary of £28.2k, the company has an equivalent pay structure (£28.2k)
- Spares-direct 2015 Ltd
£28.2k - Industry AVG
Efficiency
resulting in sales per employee of £51.1k, this is less efficient (£155.9k)
- Spares-direct 2015 Ltd
£155.9k - Industry AVG
Debtor Days
it gets paid by customers after 78 days, this is later than average (21 days)
- Spares-direct 2015 Ltd
21 days - Industry AVG
Creditor Days
its suppliers are paid after 80 days, this is slower than average (33 days)
- Spares-direct 2015 Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Spares-direct 2015 Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Spares-direct 2015 Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.7%, this is a similar level of debt than the average (72.5%)
78.7% - Spares-direct 2015 Ltd
72.5% - Industry AVG
SPARES-DIRECT 2015 LTD financials
Spares-Direct 2015 Ltd's latest turnover from October 2023 is estimated at £153.2 thousand and the company has net assets of £7.4 thousand. According to their latest financial statements, Spares-Direct 2015 Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 3 | 3 | 3 | 4 | 4 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,690 | 2,110 | 2,635 | 3,295 | 4,120 | 5,150 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 1,690 | 2,110 | 2,635 | 3,295 | 4,120 | 5,150 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 33,064 | 37,389 | 53,633 | 65,726 | 60,363 | 14,141 | 10,733 | 6,889 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 33,064 | 37,389 | 53,633 | 65,726 | 60,363 | 14,141 | 10,733 | 6,889 |
| total assets | 34,754 | 39,499 | 56,268 | 69,021 | 64,483 | 19,291 | 10,733 | 6,889 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 27,045 | 37,461 | 52,489 | 51,032 | 52,419 | 13,922 | 7,515 | 5,374 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 27,045 | 37,461 | 52,489 | 51,032 | 52,419 | 13,922 | 7,515 | 5,374 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 321 | 401 | 501 | 626 | 783 | 0 | 0 | 0 |
| total long term liabilities | 321 | 401 | 501 | 626 | 783 | 0 | 0 | 0 |
| total liabilities | 27,366 | 37,862 | 52,990 | 51,658 | 53,202 | 13,922 | 7,515 | 5,374 |
| net assets | 7,388 | 1,637 | 3,278 | 17,363 | 11,281 | 5,369 | 3,218 | 1,515 |
| total shareholders funds | 7,388 | 1,637 | 3,278 | 17,363 | 11,281 | 5,369 | 3,218 | 1,515 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 0 | |||||||
| Amortisation | 0 | |||||||
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -4,325 | -16,244 | -12,093 | 5,363 | 46,222 | 3,408 | 3,844 | 6,889 |
| Creditors | -10,416 | -15,028 | 1,457 | -1,387 | 38,497 | 6,407 | 2,141 | 5,374 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -80 | -100 | -125 | -157 | 783 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
spares-direct 2015 ltd Credit Report and Business Information
Spares-direct 2015 Ltd Competitor Analysis
Perform a competitor analysis for spares-direct 2015 ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in OL4 area or any other competitors across 12 key performance metrics.
spares-direct 2015 ltd Ownership
SPARES-DIRECT 2015 LTD group structure
Spares-Direct 2015 Ltd has no subsidiary companies.
Ultimate parent company
SPARES-DIRECT 2015 LTD
09822363
spares-direct 2015 ltd directors
Spares-Direct 2015 Ltd currently has 3 directors. The longest serving directors include Mr David Higham (Jun 2017) and Mr Luke Horrobin (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Higham | England | 52 years | Jun 2017 | - | Director |
| Mr Luke Horrobin | England | 30 years | Mar 2018 | - | Director |
| Mrs Allison Griffiths | England | 49 years | Apr 2020 | - | Director |
P&L
October 2023turnover
153.2k
-14%
operating profit
7.7k
0%
gross margin
20.2%
-1.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
7.4k
+3.51%
total assets
34.8k
-0.12%
cash
0
0%
net assets
Total assets minus all liabilities
spares-direct 2015 ltd company details
company number
09822363
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
incorporation date
October 2015
age
9
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
-
address
6 coupland close, oldham, OL4 2TQ
Bank
-
Legal Advisor
-
spares-direct 2015 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 spares-direct 2015 ltd.
spares-direct 2015 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.
Click to start generating capital raising & share issue transactions for SPARES-DIRECT 2015 LTD. This can take several minutes, an email will notify you when this has completed.
spares-direct 2015 ltd Companies House Filings - See Documents
| date | description | view/download |
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