spark ev technology limited

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spark ev technology limited Company Information

Share SPARK EV TECHNOLOGY LIMITED

Company Number

10534288

Directors

Justin Ott

Mark Shields

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Shareholders

j. ott

nac

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Group Structure

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Industry

Other information technology and computer service activities

 +1

Registered Address

future business centre, kings hedges road, cambridge, CB4 2HY

spark ev technology limited Estimated Valuation

£351.9k

Pomanda estimates the enterprise value of SPARK EV TECHNOLOGY LIMITED at £351.9k based on a Turnover of £349.8k and 1.01x industry multiple (adjusted for size and gross margin).

spark ev technology limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SPARK EV TECHNOLOGY LIMITED at £0 based on an EBITDA of £-275.7k and a 5.39x industry multiple (adjusted for size and gross margin).

spark ev technology limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SPARK EV TECHNOLOGY LIMITED at £0 based on Net Assets of £-505.7k and 2.15x industry multiple (adjusted for liquidity).

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Spark Ev Technology Limited Overview

Spark Ev Technology Limited is a live company located in cambridge, CB4 2HY with a Companies House number of 10534288. It operates in the other information technology service activities sector, SIC Code 62090. Founded in December 2016, it's largest shareholder is j. ott with a 50.5% stake. Spark Ev Technology Limited is a young, micro sized company, Pomanda has estimated its turnover at £349.8k with high growth in recent years.

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Spark Ev Technology Limited Health Check

Pomanda's financial health check has awarded Spark Ev Technology Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £349.8k, make it smaller than the average company (£5.8m)

£349.8k - Spark Ev Technology Limited

£5.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (7.4%)

22% - Spark Ev Technology Limited

7.4% - Industry AVG

production

Production

with a gross margin of 49.1%, this company has a comparable cost of product (49.1%)

49.1% - Spark Ev Technology Limited

49.1% - Industry AVG

profitability

Profitability

an operating margin of -78.9% make it less profitable than the average company (3.6%)

-78.9% - Spark Ev Technology Limited

3.6% - Industry AVG

employees

Employees

with 6 employees, this is below the industry average (43)

6 - Spark Ev Technology Limited

43 - Industry AVG

paystructure

Pay Structure

on an average salary of £69.3k, the company has an equivalent pay structure (£69.3k)

£69.3k - Spark Ev Technology Limited

£69.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £58.3k, this is less efficient (£151.1k)

£58.3k - Spark Ev Technology Limited

£151.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 11 days, this is earlier than average (54 days)

11 days - Spark Ev Technology Limited

54 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 20 days, this is quicker than average (38 days)

20 days - Spark Ev Technology Limited

38 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Spark Ev Technology Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (23 weeks)

10 weeks - Spark Ev Technology Limited

23 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 432.4%, this is a higher level of debt than the average (54.6%)

432.4% - Spark Ev Technology Limited

54.6% - Industry AVG

SPARK EV TECHNOLOGY LIMITED financials

EXPORTms excel logo

Spark Ev Technology Limited's latest turnover from December 2023 is estimated at £349.8 thousand and the company has net assets of -£505.7 thousand. According to their latest financial statements, Spark Ev Technology Limited has 6 employees and maintains cash reserves of £133.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Turnover349,804448,420461,567194,662184,014233,798254,544
Other Income Or Grants
Cost Of Sales178,097226,054234,197100,45793,233117,325127,874
Gross Profit171,706222,366227,37194,20590,781116,472126,670
Admin Expenses447,689443,580599,269338,208334,421180,546265,961
Operating Profit-275,983-221,214-371,898-244,003-243,640-64,074-139,291
Interest Payable29,95322,32512,3446,4053,3753,3751,625
Interest Receivable6,3365,290649199827748131
Pre-Tax Profit-299,600-238,249-383,593-250,209-246,188-66,701-140,785
Tax
Profit After Tax-299,600-238,249-383,593-250,209-246,188-66,701-140,785
Dividends Paid
Retained Profit-299,600-238,249-383,593-250,209-246,188-66,701-140,785
Employee Costs416,029403,282321,602244,897238,867175,466169,000
Number Of Employees6654433
EBITDA*-275,677-220,489-371,339-243,584-243,221-64,074-139,291

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Tangible Assets1664721,1988381,257
Intangible Assets
Investments & Other
Debtors (Due After 1 year)4,500
Total Fixed Assets1664721,1985,3381,257
Stock & work in progress
Trade Debtors11,05444,42833822528,738
Group Debtors
Misc Debtors7,63956,695127,30392,42166,40142,3091,890
Cash133,265108,109194,160324,92673,516147,07152,338
misc current assets
total current assets151,958209,232321,463417,685140,142218,11854,228
total assets152,124209,704322,661423,023141,399218,11854,228
Bank overdraft
Bank loan
Trade Creditors 10,2125,4902,48616,2604,36910,0754,699
Group/Directors Accounts250
other short term finances297,500235,000235,000160,00050,00050,00050,000
hp & lease commitments
other current liabilities350,126212,82890,54043,53917,50730,39140,415
total current liabilities657,838453,318328,026219,79971,87690,71695,114
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities657,838453,318328,026219,79971,87690,71695,114
net assets-505,714-243,614-5,365203,22469,523127,402-40,886
total shareholders funds-505,714-243,614-5,365203,22469,523127,402-40,886
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Operating Activities
Operating Profit-275,983-221,214-371,898-244,003-243,640-64,074-139,291
Depreciation306725559419419
Amortisation
Tax
Stock
Debtors-82,430-26,18030,04430,633-4,42169,1571,890
Creditors4,7223,004-13,77411,891-5,7065,3764,699
Accruals and Deferred Income137,298122,28847,00126,032-12,884-10,02440,415
Deferred Taxes & Provisions
Cash flow from operations-51,227-69,017-368,156-236,294-257,390-137,879-96,067
Investing Activities
capital expenditure1-919-1,676
Change in Investments
cash flow from investments1-919-1,676
Financing Activities
Bank loans
Group/Directors Accounts-250250
Other Short Term Loans 62,50075,000110,00050,000
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue37,500175,004383,910188,309234,98999,899
interest-23,617-17,035-11,695-6,206-2,548-2,627-1,494
cash flow from financing76,383-17,035238,309487,704185,511232,612148,405
cash and cash equivalents
cash25,156-86,051-130,766251,410-73,55594,73352,338
overdraft
change in cash25,156-86,051-130,766251,410-73,55594,73352,338

spark ev technology limited 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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Spark Ev Technology Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for spark ev technology limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in CB4 area or any other competitors across 12 key performance metrics.

spark ev technology limited Ownership

SPARK EV TECHNOLOGY LIMITED group structure

Spark Ev Technology Limited has no subsidiary companies.

Ultimate parent company

SPARK EV TECHNOLOGY LIMITED

10534288

SPARK EV TECHNOLOGY LIMITED Shareholders

j. ott 50.46%
nac 6.48%
m. ott 5.65%
lcif 3.63%
m. shields 2.76%
dba group limited 2.76%
t. goodchild 2.51%
g. matthews 2.41%
d. whitworth 1.55%
m. bennett 1.44%

spark ev technology limited directors

Spark Ev Technology Limited currently has 4 directors. The longest serving directors include Mr Justin Ott (Dec 2016) and Mr Mark Shields (Apr 2017).

officercountryagestartendrole
Mr Justin OttUnited Kingdom38 years Dec 2016- Director
Mr Mark ShieldsUnited Kingdom51 years Apr 2017- Director
Mr David Blair63 years Mar 2019- Director
Mr Richard WelfordEngland55 years May 2021- Director

P&L

December 2023

turnover

349.8k

-22%

operating profit

-276k

0%

gross margin

49.1%

-1.01%

turnover

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

Balance Sheet

December 2023

net assets

-505.7k

+1.08%

total assets

152.1k

-0.27%

cash

133.3k

+0.23%

net assets

Total assets minus all liabilities

spark ev technology limited company details

company number

10534288

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

72190 - Other research and experimental development on natural sciences and engineering

incorporation date

December 2016

age

9

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

CHARTER ALLAN LLP

auditor

-

address

future business centre, kings hedges road, cambridge, CB4 2HY

Bank

-

Legal Advisor

-

spark ev technology 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 spark ev technology limited. Currently there are 0 open charges and 1 have been satisfied in the past.

spark ev technology limited 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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spark ev technology limited Companies House Filings - See Documents

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