spark strand ltd
spark strand ltd Company Information
Group Structure
View All
Industry
Business and domestic software development
+1Registered Address
office one 1 coldbath square, farringdon, london, EC1R 5HL
Website
-spark strand ltd Estimated Valuation
Pomanda estimates the enterprise value of SPARK STRAND LTD at £1.7k based on a Turnover of £2.9k and 0.58x industry multiple (adjusted for size and gross margin).
spark strand ltd Estimated Valuation
Pomanda estimates the enterprise value of SPARK STRAND LTD at £0 based on an EBITDA of £-6.1k and a 3.67x industry multiple (adjusted for size and gross margin).
spark strand ltd Estimated Valuation
Pomanda estimates the enterprise value of SPARK STRAND LTD at £0 based on Net Assets of £-12.4k and 2.17x industry multiple (adjusted for liquidity).
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Spark Strand Ltd Overview
Spark Strand Ltd is a live company located in london, EC1R 5HL with a Companies House number of 10704227. It operates in the business and domestic software development sector, SIC Code 62012. Founded in April 2017, it's largest shareholder is bolu oyewale with a 100% stake. Spark Strand Ltd is a young, micro sized company, Pomanda has estimated its turnover at £2.9k with unknown growth in recent years.
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Spark Strand Ltd Health Check
Pomanda's financial health check has awarded Spark Strand Ltd a 1.5 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
1 Regular
6 Weak
Size
annual sales of £2.9k, make it smaller than the average company (£2.1m)
- Spark Strand Ltd
£2.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Spark Strand Ltd
- - Industry AVG
Production
with a gross margin of 31%, this company has a higher cost of product (56.9%)
- Spark Strand Ltd
56.9% - Industry AVG
Profitability
an operating margin of -211.6% make it less profitable than the average company (5.1%)
- Spark Strand Ltd
5.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (22)
- Spark Strand Ltd
22 - Industry AVG
Pay Structure
on an average salary of £48.4k, the company has an equivalent pay structure (£48.4k)
- Spark Strand Ltd
£48.4k - Industry AVG
Efficiency
resulting in sales per employee of £2.9k, this is less efficient (£99.8k)
- Spark Strand Ltd
£99.8k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is earlier than average (47 days)
- Spark Strand Ltd
47 days - Industry AVG
Creditor Days
its suppliers are paid after 2275 days, this is slower than average (43 days)
- Spark Strand Ltd
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Spark Strand Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Spark Strand Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 6343.7%, this is a higher level of debt than the average (53.3%)
6343.7% - Spark Strand Ltd
53.3% - Industry AVG
SPARK STRAND LTD financials
Spark Strand Ltd's latest turnover from April 2023 is estimated at £2.9 thousand and the company has net assets of -£12.4 thousand. According to their latest financial statements, we estimate that Spark Strand Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 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
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | ||||||
| Intangible Assets | ||||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | ||||||
| Stock & work in progress | ||||||
| Trade Debtors | 199 | 907 | 1 | 1,203 | ||
| Group Debtors | ||||||
| Misc Debtors | ||||||
| Cash | ||||||
| misc current assets | ||||||
| total current assets | 199 | 907 | 1 | 1,203 | ||
| total assets | 199 | 907 | 1 | 1,203 | ||
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 12,374 | 6,996 | 1,867 | |||
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | ||||||
| total current liabilities | 12,374 | 6,996 | 1,867 | |||
| loans | ||||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | 250 | 250 | 250 | 250 | ||
| other liabilities | 965 | |||||
| provisions | ||||||
| total long term liabilities | 250 | 250 | 250 | 1,215 | ||
| total liabilities | 12,624 | 7,246 | 2,117 | 1,215 | ||
| net assets | -12,425 | -6,339 | -2,117 | -1,215 | 1 | 1,203 |
| total shareholders funds | -12,425 | -6,339 | -2,117 | -1,215 | 1 | 1,203 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | ||||||
| Debtors | -708 | 907 | -1 | -1,202 | 1,203 | |
| Creditors | 5,378 | 5,129 | 1,867 | |||
| Accruals and Deferred Income | 250 | |||||
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | ||||||
| Other Short Term Loans | ||||||
| Long term loans | ||||||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | -965 | 965 | ||||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | ||||||
| overdraft | ||||||
| change in cash |
spark strand ltd Credit Report and Business Information
Spark Strand Ltd Competitor Analysis
Perform a competitor analysis for spark strand ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in EC1R area or any other competitors across 12 key performance metrics.
spark strand ltd Ownership
SPARK STRAND LTD group structure
Spark Strand Ltd has no subsidiary companies.
Ultimate parent company
SPARK STRAND LTD
10704227
spark strand ltd directors
Spark Strand Ltd currently has 1 director, Mr Bolu Oyewale serving since Sep 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bolu Oyewale | England | 32 years | Sep 2019 | - | Director |
P&L
April 2023turnover
2.9k
-31%
operating profit
-6.1k
0%
gross margin
31%
-2.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
-12.4k
+0.96%
total assets
199
-0.78%
cash
0
0%
net assets
Total assets minus all liabilities
spark strand ltd company details
company number
10704227
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
96090 - Other personal service activities n.e.c.
incorporation date
April 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
April 2023
previous names
N/A
accountant
-
auditor
-
address
office one 1 coldbath square, farringdon, london, EC1R 5HL
Bank
-
Legal Advisor
-
spark strand 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 spark strand ltd.
spark strand 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.
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spark strand ltd Companies House Filings - See Documents
| date | description | view/download |
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