Pomanda estimates the enterprise value of SPIRITUS TECHNICAL SERVICES LTD at £594.7k based on a Turnover of £1.6m and 0.38x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of SPIRITUS TECHNICAL SERVICES LTD at £175.8k based on an EBITDA of £55k and a 3.19x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of SPIRITUS TECHNICAL SERVICES LTD at £810.8k based on Net Assets of £293.5k and 2.76x industry multiple (adjusted for liquidity).
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Spiritus Technical Services LtdOverview
Spiritus Technical Services Ltd is a live company located in hampshire, RG21 6AS with a Companies House number of 11150372. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in January 2018, it's largest shareholder is
rebecca ballantyne
with a 50% stake. Spiritus Technical Services Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£1.6m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Spiritus Technical Services Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
5 Strong
1 Regular
4 Weak
Size
annual sales of £1.6m, make it larger than the average company (£383.9k)
£1.6m - Spiritus Technical Services Ltd
£383.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 47%, show it is growing at a faster rate (11.6%)
47% - Spiritus Technical Services Ltd
11.6% - Industry AVG
Production
with a gross margin of 18.4%, this company has a higher cost of product (29.5%)
18.4% - Spiritus Technical Services Ltd
29.5% - Industry AVG
Profitability
an operating margin of 3.5% make it less profitable than the average company (5.6%)
3.5% - Spiritus Technical Services Ltd
5.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Spiritus Technical Services Ltd
4 - Industry AVG
Pay Structure
on an average salary of £32.8k, the company has an equivalent pay structure (£32.8k)
£32.8k - Spiritus Technical Services Ltd
£32.8k - Industry AVG
Efficiency
resulting in sales per employee of £783.8k, this is more efficient (£115k)
£783.8k - Spiritus Technical Services Ltd
£115k - Industry AVG
Debtor Days
it gets paid by customers after 138 days, this is later than average (52 days)
138 days - Spiritus Technical Services Ltd
52 days - Industry AVG
Creditor Days
its suppliers are paid after 86 days, this is slower than average (46 days)
86 days - Spiritus Technical Services Ltd
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Spiritus Technical Services Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Spiritus Technical Services Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 51.1%, this is a lower level of debt than the average (63.4%)
51.1% - Spiritus Technical Services Ltd
63.4% - Industry AVG
SPIRITUS TECHNICAL SERVICES LTD financials
EXPORT
Spiritus Technical Services Ltd's latest turnover from March 2024 is estimated at £1.6 million and the company has net assets of £293.5 thousand. According to their latest financial statements, Spiritus Technical Services Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Turnover
1,567,684
708,138
288,803
495,233
716,169
243,732
Other Income Or Grants
Cost Of Sales
1,279,722
583,629
236,756
406,144
579,766
194,989
Gross Profit
287,962
124,508
52,047
89,089
136,403
48,743
Admin Expenses
232,925
-3,825
20,577
112,347
2,791
2,115
Operating Profit
55,037
128,333
31,470
-23,258
133,612
46,628
Interest Payable
Interest Receivable
Pre-Tax Profit
55,037
128,333
31,470
-23,258
133,612
46,628
Tax
-13,759
-24,383
-5,979
-25,386
-8,859
Profit After Tax
41,278
103,950
25,491
-23,258
108,226
37,769
Dividends Paid
Retained Profit
41,278
103,950
25,491
-23,258
108,226
37,769
Employee Costs
65,679
67,187
67,817
65,129
69,812
69,348
Number Of Employees
2
2
2
2
2
2
EBITDA*
55,037
128,333
31,470
-23,258
133,612
46,628
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Tangible Assets
6,303
7,491
9,678
2,887
1,767
2,356
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
6,303
7,491
9,678
2,887
1,767
2,356
Stock & work in progress
Trade Debtors
594,288
296,686
124,017
210,120
271,415
82,963
Group Debtors
Misc Debtors
59,721
59,148
4,952
Cash
misc current assets
total current assets
594,288
356,407
183,165
210,120
276,367
82,963
total assets
600,591
363,898
192,843
213,007
278,134
85,319
Bank overdraft
Bank loan
Trade Creditors
304,335
104,459
43,015
88,995
130,889
46,458
Group/Directors Accounts
92
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
304,335
104,459
43,015
88,995
130,889
46,550
loans
hp & lease commitments
Accruals and Deferred Income
2,800
7,261
1,600
1,275
1,250
1,000
other liabilities
provisions
total long term liabilities
2,800
7,261
1,600
1,275
1,250
1,000
total liabilities
307,135
111,720
44,615
90,270
132,139
47,550
net assets
293,456
252,178
148,228
122,737
145,995
37,769
total shareholders funds
293,456
252,178
148,228
122,737
145,995
37,769
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Operating Activities
Operating Profit
55,037
128,333
31,470
-23,258
133,612
46,628
Depreciation
Amortisation
Tax
-13,759
-24,383
-5,979
-25,386
-8,859
Stock
Debtors
237,881
173,242
-26,955
-66,247
193,404
82,963
Creditors
199,876
61,444
-45,980
-41,894
84,431
46,458
Accruals and Deferred Income
-4,461
5,661
325
25
250
1,000
Deferred Taxes & Provisions
Cash flow from operations
-1,188
-2,187
6,791
1,120
-497
2,264
Investing Activities
capital expenditure
1,188
2,187
-6,791
-1,120
589
-2,356
Change in Investments
cash flow from investments
1,188
2,187
-6,791
-1,120
589
-2,356
Financing Activities
Bank loans
Group/Directors Accounts
-92
92
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest
cash flow from financing
-92
92
cash and cash equivalents
cash
overdraft
change in cash
spiritus technical services ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for spiritus technical services ltd. Get real-time insights into spiritus technical services ltd's credit score, group structure and payment trends.
Perform a competitor analysis for spiritus technical services ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in RG21 area or any other competitors across 12 key performance metrics.
spiritus technical services ltd Ownership
SPIRITUS TECHNICAL SERVICES LTD group structure
Spiritus Technical Services Ltd has no subsidiary companies.
Ultimate parent company
SPIRITUS TECHNICAL SERVICES LTD
11150372
SPIRITUS TECHNICAL SERVICES LTD Shareholders
The largest shareholders in Spiritus Technical Services Ltd include Rebecca Ballantyne and Craig Ballantyne.
rebecca ballantyne
50%
craig ballantyne
50%
spiritus technical services ltd directors
Spiritus Technical Services Ltd currently has 2 directors.
The longest serving directors include
Mr Craig Ballantyne (Jan 2018) and
Mrs Rebecca Ballantyne (Apr 2018).
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 spiritus technical services ltd.
spiritus technical services 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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spiritus technical services ltdCompanies House Filings - See Documents
