spot market ltd
spot market ltd Company Information
Company Number
10638612
Website
-Registered Address
fernhills house todd street, bury, gtr manchester, BL9 5BJ
Industry
Other information service activities n.e.c.
Telephone
-
Next Accounts Due
November 2025
Group Structure
View All
Directors
Remi Adefila7 Years
Shareholders
remi adefila 100%
spot market ltd Estimated Valuation
Pomanda estimates the enterprise value of SPOT MARKET LTD at £1.1m based on a Turnover of £1.2m and 0.97x industry multiple (adjusted for size and gross margin).
spot market ltd Estimated Valuation
Pomanda estimates the enterprise value of SPOT MARKET LTD at £780.4k based on an EBITDA of £191.2k and a 4.08x industry multiple (adjusted for size and gross margin).
spot market ltd Estimated Valuation
Pomanda estimates the enterprise value of SPOT MARKET LTD at £515.4k based on Net Assets of £188.4k and 2.74x industry multiple (adjusted for liquidity).
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Spot Market Ltd Overview
Spot Market Ltd is a live company located in gtr manchester, BL9 5BJ with a Companies House number of 10638612. It operates in the other information service activities n.e.c. sector, SIC Code 63990. Founded in February 2017, it's largest shareholder is remi adefila with a 100% stake. Spot Market Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.2m with rapid growth in recent years.
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Spot Market Ltd Health Check
Pomanda's financial health check has awarded Spot Market Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £1.2m, make it larger than the average company (£674.5k)
- Spot Market Ltd
£674.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 117%, show it is growing at a faster rate (6.8%)
- Spot Market Ltd
6.8% - Industry AVG
Production
with a gross margin of 34.9%, this company has a higher cost of product (68.7%)
- Spot Market Ltd
68.7% - Industry AVG
Profitability
an operating margin of 16.1% make it more profitable than the average company (4.6%)
- Spot Market Ltd
4.6% - Industry AVG
Employees
with 12 employees, this is below the industry average (16)
- Spot Market Ltd
16 - Industry AVG
Pay Structure
on an average salary of £27.2k, the company has an equivalent pay structure (£27.2k)
- Spot Market Ltd
£27.2k - Industry AVG
Efficiency
resulting in sales per employee of £98.9k, this is more efficient (£44.2k)
- Spot Market Ltd
£44.2k - Industry AVG
Debtor Days
it gets paid by customers after 78 days, this is later than average (26 days)
- Spot Market Ltd
26 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is quicker than average (36 days)
- Spot Market Ltd
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Spot Market Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Spot Market Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.6%, this is a higher level of debt than the average (23.5%)
26.6% - Spot Market Ltd
23.5% - Industry AVG
SPOT MARKET LTD financials
Spot Market Ltd's latest turnover from February 2024 is estimated at £1.2 million and the company has net assets of £188.4 thousand. According to their latest financial statements, we estimate that Spot Market Ltd has 12 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| 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 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 256,726 | 74,070 | 46,823 | 29,159 | 19,735 | 818 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 1,939 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 256,726 | 74,070 | 46,823 | 31,098 | 19,735 | 818 | 0 |
| total assets | 256,726 | 74,070 | 46,823 | 31,098 | 19,735 | 818 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 68,332 | 29,073 | 14,612 | 7,811 | 3,890 | 2,297 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 68,332 | 29,073 | 14,612 | 7,811 | 3,890 | 2,297 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 890 | 0 | 0 | 600 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 5,256 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 890 | 0 | 5,256 | 600 | 0 |
| total liabilities | 68,332 | 29,073 | 15,502 | 7,811 | 9,146 | 2,897 | 0 |
| net assets | 188,394 | 44,997 | 31,321 | 23,287 | 10,589 | -2,079 | 0 |
| total shareholders funds | 188,394 | 44,997 | 31,321 | 23,287 | 10,589 | -2,079 | 0 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 182,656 | 27,247 | 15,725 | 11,363 | 18,917 | 818 | 0 |
| Creditors | 39,259 | 14,461 | 6,801 | 3,921 | 1,593 | 2,297 | 0 |
| Accruals and Deferred Income | 0 | -890 | 890 | 0 | -600 | 600 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 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 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -5,256 | 5,256 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
spot market ltd Credit Report and Business Information
Spot Market Ltd Competitor Analysis
Perform a competitor analysis for spot market ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in BL9 area or any other competitors across 12 key performance metrics.
spot market ltd Ownership
SPOT MARKET LTD group structure
Spot Market Ltd has no subsidiary companies.
Ultimate parent company
SPOT MARKET LTD
10638612
spot market ltd directors
Spot Market Ltd currently has 1 director, Mr Remi Adefila serving since Feb 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Remi Adefila | United Kingdom | 40 years | Feb 2017 | - | Director |
P&L
February 2024turnover
1.2m
+280%
operating profit
191.2k
0%
gross margin
35%
-0.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
188.4k
+3.19%
total assets
256.7k
+2.47%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
spot market ltd company details
company number
10638612
Type
Private limited with Share Capital
industry
63990 - Other information service activities n.e.c.
incorporation date
February 2017
age
7
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
February 2024
address
fernhills house todd street, bury, gtr manchester, BL9 5BJ
accountant
NP & US ACCOUNTANTS
auditor
-
spot market 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 spot market ltd.
spot market ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
