spear engineering ltd
spear engineering ltd Company Information
Group Structure
View All
Industry
Engineering related scientific and technical consulting activities
+2Registered Address
apt 25 mountford mansions, 100 battersea park road, london, SW11 4LJ
Website
www.spear-engineering.co.ukspear engineering ltd Estimated Valuation
Pomanda estimates the enterprise value of SPEAR ENGINEERING LTD at £157.8k based on a Turnover of £455.5k and 0.35x industry multiple (adjusted for size and gross margin).
spear engineering ltd Estimated Valuation
Pomanda estimates the enterprise value of SPEAR ENGINEERING LTD at £179.7k based on an EBITDA of £59.9k and a 3x industry multiple (adjusted for size and gross margin).
spear engineering ltd Estimated Valuation
Pomanda estimates the enterprise value of SPEAR ENGINEERING LTD at £554.4k based on Net Assets of £252.8k and 2.19x industry multiple (adjusted for liquidity).
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Spear Engineering Ltd Overview
Spear Engineering Ltd is a live company located in london, SW11 4LJ with a Companies House number of 11111328. It operates in the wholesale of furniture, carpets and lighting equipment sector, SIC Code 46470. Founded in December 2017, it's largest shareholder is adrian valerian coltis with a 100% stake. Spear Engineering Ltd is a young, micro sized company, Pomanda has estimated its turnover at £455.5k with rapid growth in recent years.
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Spear Engineering Ltd Health Check
Pomanda's financial health check has awarded Spear Engineering Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £455.5k, make it smaller than the average company (£7.2m)
- Spear Engineering Ltd
£7.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 130%, show it is growing at a faster rate (7.1%)
- Spear Engineering Ltd
7.1% - Industry AVG
Production
with a gross margin of 19.8%, this company has a higher cost of product (31.6%)
- Spear Engineering Ltd
31.6% - Industry AVG
Profitability
an operating margin of 13.1% make it more profitable than the average company (4.7%)
- Spear Engineering Ltd
4.7% - Industry AVG
Employees
with 8 employees, this is below the industry average (32)
8 - Spear Engineering Ltd
32 - Industry AVG
Pay Structure
on an average salary of £49.5k, the company has an equivalent pay structure (£49.5k)
- Spear Engineering Ltd
£49.5k - Industry AVG
Efficiency
resulting in sales per employee of £56.9k, this is less efficient (£186.4k)
- Spear Engineering Ltd
£186.4k - Industry AVG
Debtor Days
it gets paid by customers after 34 days, this is earlier than average (60 days)
- Spear Engineering Ltd
60 days - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (27 days)
- Spear Engineering Ltd
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Spear Engineering Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 274 weeks, this is more cash available to meet short term requirements (14 weeks)
274 weeks - Spear Engineering Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 7.3%, this is a lower level of debt than the average (54.7%)
7.3% - Spear Engineering Ltd
54.7% - Industry AVG
SPEAR ENGINEERING LTD financials
Spear Engineering Ltd's latest turnover from December 2023 is estimated at £455.5 thousand and the company has net assets of £252.8 thousand. According to their latest financial statements, Spear Engineering Ltd has 8 employees and maintains cash reserves of £104.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 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 | 8 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 124,680 | |||||
| Intangible Assets | ||||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 124,680 | |||||
| Stock & work in progress | ||||||
| Trade Debtors | 43,410 | 10,000 | 10,000 | 11,904 | ||
| Group Debtors | ||||||
| Misc Debtors | ||||||
| Cash | 104,510 | 1,000 | 1,000 | |||
| misc current assets | ||||||
| total current assets | 147,920 | 1,000 | 1,000 | 10,000 | 10,000 | 11,904 |
| total assets | 272,600 | 1,000 | 1,000 | 10,000 | 10,000 | 11,904 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 19,820 | |||||
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | ||||||
| total current liabilities | 19,820 | |||||
| loans | ||||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | ||||||
| total long term liabilities | ||||||
| total liabilities | 19,820 | |||||
| net assets | 252,780 | 1,000 | 1,000 | 10,000 | 10,000 | 11,904 |
| total shareholders funds | 252,780 | 1,000 | 1,000 | 10,000 | 10,000 | 11,904 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | ||||||
| Debtors | 43,410 | -10,000 | -1,904 | 11,904 | ||
| Creditors | 19,820 | |||||
| Accruals and Deferred Income | ||||||
| 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 | ||||||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 103,510 | 1,000 | ||||
| overdraft | ||||||
| change in cash | 103,510 | 1,000 |
spear engineering ltd Credit Report and Business Information
Spear Engineering Ltd Competitor Analysis
Perform a competitor analysis for spear engineering 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 SW11 area or any other competitors across 12 key performance metrics.
spear engineering ltd Ownership
SPEAR ENGINEERING LTD group structure
Spear Engineering Ltd has no subsidiary companies.
Ultimate parent company
SPEAR ENGINEERING LTD
11111328
spear engineering ltd directors
Spear Engineering Ltd currently has 1 director, Mr Adrian Coltis serving since Oct 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adrian Coltis | England | 38 years | Oct 2023 | - | Director |
P&L
December 2023turnover
455.5k
0%
operating profit
59.9k
0%
gross margin
19.8%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
252.8k
+251.78%
total assets
272.6k
+271.6%
cash
104.5k
+103.51%
net assets
Total assets minus all liabilities
spear engineering ltd company details
company number
11111328
Type
Private limited with Share Capital
industry
46470 - Wholesale of furniture, carpets and lighting equipment
71122 - Engineering related scientific and technical consulting activities
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
incorporation date
December 2017
age
8
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
apt 25 mountford mansions, 100 battersea park road, london, SW11 4LJ
Bank
-
Legal Advisor
-
spear engineering 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 spear engineering ltd.
spear engineering 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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spear engineering ltd Companies House Filings - See Documents
| date | description | view/download |
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