spark 21
spark 21 Company Information
Company Number
09832061
Website
spark21.orgRegistered Address
44 southampton buildings, london, WC2A 1AP
Industry
Cultural education
Telephone
02034176590
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
-0%
spark 21 Estimated Valuation
Pomanda estimates the enterprise value of SPARK 21 at £20.6k based on a Turnover of £29k and 0.71x industry multiple (adjusted for size and gross margin).
spark 21 Estimated Valuation
Pomanda estimates the enterprise value of SPARK 21 at £0 based on an EBITDA of £-18.8k and a 3.69x industry multiple (adjusted for size and gross margin).
spark 21 Estimated Valuation
Pomanda estimates the enterprise value of SPARK 21 at £9.1k based on Net Assets of £4k and 2.28x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Spark 21 Overview
Spark 21 is a live company located in london, WC2A 1AP with a Companies House number of 09832061. It operates in the cultural education sector, SIC Code 85520. Founded in October 2015, it's largest shareholder is unknown. Spark 21 is a young, micro sized company, Pomanda has estimated its turnover at £29k with declining growth in recent years.
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Spark 21 Health Check
Pomanda's financial health check has awarded Spark 21 a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 10 areas for improvement. Company Health Check FAQs
0 Strong
2 Regular
10 Weak
Size
annual sales of £29k, make it smaller than the average company (£240.1k)
£29k - Spark 21
£240.1k - Industry AVG
Growth
3 year (CAGR) sales growth of -44%, show it is growing at a slower rate (3.1%)
-44% - Spark 21
3.1% - Industry AVG
Production
with a gross margin of 62.2%, this company has a comparable cost of product (62.2%)
62.2% - Spark 21
62.2% - Industry AVG
Profitability
an operating margin of -64.8% make it less profitable than the average company (1.2%)
-64.8% - Spark 21
1.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
1 - Spark 21
6 - Industry AVG
Pay Structure
on an average salary of £24.2k, the company has an equivalent pay structure (£24k)
£24.2k - Spark 21
£24k - Industry AVG
Efficiency
resulting in sales per employee of £29k, this is less efficient (£56k)
£29k - Spark 21
£56k - Industry AVG
Debtor Days
it gets paid by customers after 75 days, this is later than average (11 days)
75 days - Spark 21
11 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (20 days)
0 days - Spark 21
20 days - Industry AVG
Stock Days
it holds stock equivalent to 217 days, this is more than average (23 days)
217 days - Spark 21
23 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (185 weeks)
10 weeks - Spark 21
185 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.1%, this is a higher level of debt than the average (17.8%)
73.1% - Spark 21
17.8% - Industry AVG
SPARK 21 financials
Spark 21's latest turnover from October 2022 is £29 thousand and the company has net assets of £4 thousand. According to their latest financial statements, Spark 21 has 1 employee and maintains cash reserves of £2.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|
| Turnover | 28,984 | 41,585 | 82,416 | 169,368 | 141,266 | 41,269 | 30,525 |
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -18,703 | -14,584 | -48,279 | 34,811 | 61,610 | -13,518 | 2,650 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -18,703 | -14,584 | -48,279 | 34,811 | 61,610 | -13,518 | 2,650 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -18,703 | -14,584 | -48,279 | 34,811 | 61,610 | -13,518 | 2,650 |
| Employee Costs | 24,152 | 18,902 | 6,681 | 11,850 | 3,307 | 2,766 | 0 |
| Number Of Employees | 1 | 1 | 1 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 6,525 | 10,112 | 9,017 | 21,826 | 0 | 0 | 0 |
| Trade Debtors | 6,000 | 3,360 | 0 | 8,640 | 6,960 | 4,100 | 1,680 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 56 | 5,695 | 4,684 | 10,976 | 4,950 | 0 | 3,174 |
| Cash | 2,235 | 5,050 | 29,453 | 89,007 | 47,742 | 1,974 | 15,708 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 14,816 | 24,217 | 43,154 | 130,449 | 59,652 | 6,074 | 20,562 |
| total assets | 14,817 | 24,217 | 43,154 | 130,449 | 59,652 | 6,074 | 20,562 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 30 | 131 | 3,339 | 21,136 | 3,093 | 515 | 14,412 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 2,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 10,800 | 1,396 | 2,541 | 23,760 | 5,817 | 4,427 | 3,500 |
| total current liabilities | 10,830 | 1,527 | 5,880 | 44,896 | 8,910 | 6,942 | 17,912 |
| loans | 0 | 0 | 0 | 0 | 0 | 10,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 10,000 | 0 |
| total liabilities | 10,830 | 1,527 | 5,880 | 44,896 | 8,910 | 16,942 | 17,912 |
| net assets | 3,987 | 22,690 | 37,274 | 85,553 | 50,742 | -10,868 | 2,650 |
| total shareholders funds | 3,987 | 22,690 | 37,274 | 85,553 | 50,742 | -10,868 | 2,650 |
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | -3,587 | 1,095 | -12,809 | 21,826 | 0 | 0 | 0 |
| Debtors | -2,999 | 4,371 | -14,932 | 7,706 | 7,810 | -754 | 4,854 |
| Creditors | -101 | -3,208 | -17,797 | 18,043 | 2,578 | -13,897 | 14,412 |
| Accruals and Deferred Income | 9,404 | -1,145 | -21,219 | 17,943 | 1,390 | 927 | 3,500 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -2,000 | 2,000 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -10,000 | 10,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | 0 | 0 | 0 | 0 | -12,000 | 12,000 | 0 |
| cash and cash equivalents | |||||||
| cash | -2,815 | -24,403 | -59,554 | 41,265 | 45,768 | -13,734 | 15,708 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,815 | -24,403 | -59,554 | 41,265 | 45,768 | -13,734 | 15,708 |
spark 21 Credit Report and Business Information
Spark 21 Competitor Analysis
Perform a competitor analysis for spark 21 by selecting its closest rivals, whether from the EDUCATION sector, other micro companies, companies in WC2A area or any other competitors across 12 key performance metrics.
spark 21 Ownership
SPARK 21 group structure
Spark 21 has no subsidiary companies.
Ultimate parent company
SPARK 21
09832061
spark 21 directors
Spark 21 currently has 2 directors. The longest serving directors include Ms Daniela Denis-Smith (Oct 2015) and Lady Angela Neuberger (Aug 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Daniela Denis-Smith | England | 49 years | Oct 2015 | - | Director |
| Lady Angela Neuberger | England | 77 years | Aug 2021 | - | Director |
P&L
October 2022turnover
29k
-30%
operating profit
-18.8k
0%
gross margin
62.3%
+17.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2022net assets
4k
-0.82%
total assets
14.8k
-0.39%
cash
2.2k
-0.56%
net assets
Total assets minus all liabilities
spark 21 company details
company number
09832061
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85520 - Cultural education
incorporation date
October 2015
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
October 2022
previous names
N/A
accountant
NINA RUST
auditor
-
address
44 southampton buildings, london, WC2A 1AP
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
spark 21 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 spark 21.
spark 21 Companies House Filings - See Documents
| date | description | view/download |
|---|
