spring gm ltd
spring gm ltd Company Information
Company Number
11149600
Website
-Registered Address
16 bainbridge drive, tiptree, colchester, CO5 0BP
Industry
Landscape service activities
Telephone
-
Next Accounts Due
January 2026
Group Structure
View All
Shareholders
jeanette louise tillman 50%
david james tillman 50%
spring gm ltd Estimated Valuation
Pomanda estimates the enterprise value of SPRING GM LTD at £47.8k based on a Turnover of £121.2k and 0.39x industry multiple (adjusted for size and gross margin).
spring gm ltd Estimated Valuation
Pomanda estimates the enterprise value of SPRING GM LTD at £95.5k based on an EBITDA of £25.4k and a 3.76x industry multiple (adjusted for size and gross margin).
spring gm ltd Estimated Valuation
Pomanda estimates the enterprise value of SPRING GM LTD at £31k based on Net Assets of £11k and 2.81x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Spring Gm Ltd Overview
Spring Gm Ltd is a live company located in colchester, CO5 0BP with a Companies House number of 11149600. It operates in the landscape service activities sector, SIC Code 81300. Founded in January 2018, it's largest shareholder is jeanette louise tillman with a 50% stake. Spring Gm Ltd is a young, micro sized company, Pomanda has estimated its turnover at £121.2k with declining growth in recent years.
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Spring Gm Ltd Health Check
Pomanda's financial health check has awarded Spring Gm 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
3 Regular
5 Weak
Size
annual sales of £121.2k, make it in line with the average company (£147.4k)
- Spring Gm Ltd
£147.4k - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (7.4%)
- Spring Gm Ltd
7.4% - Industry AVG
Production
with a gross margin of 53.6%, this company has a comparable cost of product (53.6%)
- Spring Gm Ltd
53.6% - Industry AVG
Profitability
an operating margin of 8.9% make it more profitable than the average company (6%)
- Spring Gm Ltd
6% - Industry AVG
Employees
with 5 employees, this is above the industry average (3)
5 - Spring Gm Ltd
3 - Industry AVG
Pay Structure
on an average salary of £21.4k, the company has an equivalent pay structure (£21.4k)
- Spring Gm Ltd
£21.4k - Industry AVG
Efficiency
resulting in sales per employee of £24.2k, this is less efficient (£60.8k)
- Spring Gm Ltd
£60.8k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is earlier than average (38 days)
- Spring Gm Ltd
38 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (41 days)
- Spring Gm Ltd
41 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (22 days)
- Spring Gm Ltd
22 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (23 weeks)
0 weeks - Spring Gm Ltd
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88%, this is a higher level of debt than the average (63.3%)
88% - Spring Gm Ltd
63.3% - Industry AVG
SPRING GM LTD financials
Spring Gm Ltd's latest turnover from April 2024 is estimated at £121.2 thousand and the company has net assets of £11 thousand. According to their latest financial statements, Spring Gm Ltd has 5 employees and maintains cash reserves of £865 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|---|
| 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 | 5 | 5 | 5 | 5 | 5 | 6 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 44,059 | 49,442 | 65,923 | 85,452 | 50,067 | 51,007 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 44,059 | 49,442 | 65,923 | 85,452 | 50,067 | 51,007 |
| Stock & work in progress | 603 | 755 | 3,830 | 4,312 | 338 | 1,782 |
| Trade Debtors | 8,365 | 16,457 | 13,170 | 23,129 | 28,382 | 28,765 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 37,747 | 36,784 | 38,938 | 32,957 | 0 | 40,000 |
| Cash | 865 | 7,283 | 5,496 | 0 | 12 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 47,580 | 61,279 | 61,434 | 60,398 | 28,732 | 70,547 |
| total assets | 91,639 | 110,721 | 127,357 | 145,850 | 78,799 | 121,554 |
| Bank overdraft | 5,220 | 5,400 | 16,500 | 11,834 | 11,000 | 8,458 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,947 | 7,129 | 3,417 | 432 | 2,579 | 849 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 5,028 | 4,562 | 12,800 | 18,800 | 6,350 | 0 |
| other current liabilities | 56,059 | 73,973 | 59,007 | 61,589 | 46,869 | 84,621 |
| total current liabilities | 70,254 | 91,064 | 91,724 | 92,655 | 66,798 | 93,928 |
| loans | 6,310 | 10,941 | 21,276 | 25,000 | 0 | 0 |
| hp & lease commitments | 4,049 | 4,733 | 11,932 | 23,887 | 5,292 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 10,359 | 15,674 | 33,208 | 48,887 | 5,292 | 0 |
| total liabilities | 80,613 | 106,738 | 124,932 | 141,542 | 72,090 | 93,928 |
| net assets | 11,026 | 3,983 | 2,425 | 4,308 | 6,709 | 27,626 |
| total shareholders funds | 11,026 | 3,983 | 2,425 | 4,308 | 6,709 | 27,626 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 14,687 | 16,481 | 21,975 | 28,484 | 16,689 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | |
| Tax | ||||||
| Stock | -152 | -3,075 | -482 | 3,974 | -1,444 | 1,782 |
| Debtors | -7,129 | 1,133 | -3,978 | 27,704 | -40,383 | 68,765 |
| Creditors | -3,182 | 3,712 | 2,985 | -2,147 | 1,730 | 849 |
| Accruals and Deferred Income | -17,914 | 14,966 | -2,582 | 14,720 | -37,752 | 84,621 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -4,631 | -10,335 | -3,724 | 25,000 | 0 | 0 |
| Hire Purchase and Lease Commitments | -218 | -15,437 | -17,955 | 31,045 | 11,642 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -6,418 | 1,787 | 5,496 | -12 | 12 | 0 |
| overdraft | -180 | -11,100 | 4,666 | 834 | 2,542 | 8,458 |
| change in cash | -6,238 | 12,887 | 830 | -846 | -2,530 | -8,458 |
spring gm ltd Credit Report and Business Information
Spring Gm Ltd Competitor Analysis
Perform a competitor analysis for spring gm ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in CO5 area or any other competitors across 12 key performance metrics.
spring gm ltd Ownership
SPRING GM LTD group structure
Spring Gm Ltd has no subsidiary companies.
Ultimate parent company
SPRING GM LTD
11149600
spring gm ltd directors
Spring Gm Ltd currently has 2 directors. The longest serving directors include Ms Jeanette Tillman (Jan 2018) and Mr David Tillman (Jan 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Jeanette Tillman | United Kingdom | 52 years | Jan 2018 | - | Director |
| Mr David Tillman | 54 years | Jan 2018 | - | Director |
P&L
April 2024turnover
121.2k
-21%
operating profit
10.7k
0%
gross margin
53.6%
+36.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
11k
+1.77%
total assets
91.6k
-0.17%
cash
865
-0.88%
net assets
Total assets minus all liabilities
spring gm ltd company details
company number
11149600
Type
Private limited with Share Capital
industry
81300 - Landscape service activities
incorporation date
January 2018
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2024
previous names
N/A
accountant
C J COATES & CO
auditor
-
address
16 bainbridge drive, tiptree, colchester, CO5 0BP
Bank
-
Legal Advisor
-
spring gm 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 spring gm ltd.
spring gm ltd Companies House Filings - See Documents
| date | description | view/download |
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