Pomanda estimates the enterprise value of SPARK CHANGE GROUP LIMITED at £340.7k based on a Turnover of £434.6k and 0.78x industry multiple (adjusted for size and gross margin).
spark change group limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of SPARK CHANGE GROUP LIMITED at £0 based on an EBITDA of £-89k and a 4.67x industry multiple (adjusted for size and gross margin).
spark change group limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of SPARK CHANGE GROUP LIMITED at £0 based on Net Assets of £-3.4m and 2.36x industry multiple (adjusted for liquidity).
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Spark Change Group LimitedOverview
Spark Change Group Limited is a live company located in london, EC1V 2NX with a Companies House number of 11308894. It operates in the business and domestic software development sector, SIC Code 62012. Founded in April 2018, it's largest shareholder is
philipp ruf
with a 18% stake. Spark Change Group Limited is a young,
micro sized company, Pomanda has estimated its turnover at
£434.6k with
declining
growth in recent years.
Pomanda's financial health check has awarded Spark Change Group Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
2 Strong
2 Regular
7 Weak
Size
annual sales of £434.6k, make it smaller than the average company (£4.8m)
£434.6k - Spark Change Group Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (12.3%)
-24% - Spark Change Group Limited
12.3% - Industry AVG
Production
with a gross margin of 72.1%, this company has a comparable cost of product (72.1%)
72.1% - Spark Change Group Limited
72.1% - Industry AVG
Profitability
an operating margin of -21.9% make it less profitable than the average company (3.8%)
-21.9% - Spark Change Group Limited
3.8% - Industry AVG
Employees
with 6 employees, this is below the industry average (43)
6 - Spark Change Group Limited
43 - Industry AVG
Pay Structure
on an average salary of £72k, the company has an equivalent pay structure (£72k)
£72k - Spark Change Group Limited
£72k - Industry AVG
Efficiency
resulting in sales per employee of £72.4k, this is less efficient (£129.6k)
£72.4k - Spark Change Group Limited
£129.6k - Industry AVG
Debtor Days
it gets paid by customers after 28 days, this is earlier than average (58 days)
28 days - Spark Change Group Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 270 days, this is slower than average (41 days)
270 days - Spark Change Group Limited
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Spark Change Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 4 weeks, this is less cash available to meet short term requirements (17 weeks)
4 weeks - Spark Change Group Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1066.5%, this is a higher level of debt than the average (61.7%)
1066.5% - Spark Change Group Limited
61.7% - Industry AVG
SPARK CHANGE GROUP LIMITED financials
EXPORT
Spark Change Group Limited's latest turnover from December 2024 is estimated at £434.6 thousand and the company has net assets of -£3.4 million. According to their latest financial statements, Spark Change Group Limited has 6 employees and maintains cash reserves of £276.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2024
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Apr 2019
Turnover
434,607
934,940
1,895,359
979,360
1,047,806
320,517
107,441
Other Income Or Grants
Cost Of Sales
121,148
264,580
545,414
265,279
289,221
86,516
27,563
Gross Profit
313,459
670,359
1,349,945
714,081
758,585
234,001
79,878
Admin Expenses
408,497
2,230,334
1,791,072
492,201
1,808,765
613,412
92,626
Operating Profit
-95,038
-1,559,975
-441,127
221,880
-1,050,180
-379,411
-12,748
Interest Payable
91,861
77,572
Interest Receivable
8,560
6,445
9,440
638
75
Pre-Tax Profit
-86,478
-1,645,391
-509,258
222,519
-1,050,105
-379,411
-12,748
Tax
-42,279
Profit After Tax
-86,478
-1,645,391
-509,258
180,240
-1,050,105
-379,411
-12,748
Dividends Paid
Retained Profit
-86,478
-1,645,391
-509,258
180,240
-1,050,105
-379,411
-12,748
Employee Costs
431,897
1,364,347
1,361,745
759,719
602,164
124,111
120,579
Number Of Employees
6
19
20
12
10
2
2
EBITDA*
-88,995
-1,531,355
-420,476
239,015
-1,050,180
-379,411
-12,748
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2024
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Apr 2019
Tangible Assets
4,955
10,886
17,455
5,013
437
69,391
79,399
Intangible Assets
463
21,396
36,621
52,663
Investments & Other
Debtors (Due After 1 year)
29,413
Total Fixed Assets
5,418
10,886
68,264
41,634
53,100
69,391
79,399
Stock & work in progress
Trade Debtors
33,381
30
44,387
96,642
49,205
2,942
Group Debtors
2,698
Misc Debtors
30,253
22,925
106,568
Cash
276,437
65,964
179,572
359,875
150,664
misc current assets
11,152
7,463
total current assets
351,223
99,080
286,140
404,262
247,306
49,205
2,942
total assets
356,641
109,966
354,404
445,896
300,406
118,596
82,341
Bank overdraft
Bank loan
Trade Creditors
89,829
46,959
38,089
1,695,072
1,729,822
498,007
95,089
Group/Directors Accounts
3,399,237
3,399,358
other short term finances
hp & lease commitments
other current liabilities
26,842
67,474
441,660
total current liabilities
3,515,908
3,513,791
479,749
1,695,072
1,729,822
498,007
95,089
loans
1,633,089
hp & lease commitments
Accruals and Deferred Income
other liabilities
287,749
provisions
total long term liabilities
287,749
1,633,089
total liabilities
3,803,657
3,513,791
2,112,838
1,695,072
1,729,822
498,007
95,089
net assets
-3,447,016
-3,403,825
-1,758,434
-1,249,176
-1,429,416
-379,411
-12,748
total shareholders funds
-3,447,016
-3,403,825
-1,758,434
-1,249,176
-1,429,416
-379,411
-12,748
Dec 2024
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Apr 2019
Operating Activities
Operating Profit
-95,038
-1,559,975
-441,127
221,880
-1,050,180
-379,411
-12,748
Depreciation
112
7,224
4,236
1,093
Amortisation
5,931
21,396
16,415
16,042
Tax
-42,279
Stock
Debtors
37,981
-110,328
91,594
-52,255
47,437
49,205
2,942
Creditors
42,870
8,870
-1,656,983
-34,750
1,231,815
498,007
95,089
Accruals and Deferred Income
-40,632
-374,186
441,660
Deferred Taxes & Provisions
Cash flow from operations
-124,738
-1,786,343
-1,727,393
214,241
134,198
69,391
79,399
Investing Activities
capital expenditure
-575
-655
-17,868
-5,669
16,291
-69,391
-79,399
Change in Investments
cash flow from investments
-575
-655
-17,868
-5,669
16,291
-69,391
-79,399
Financing Activities
Bank loans
Group/Directors Accounts
-121
3,399,358
Other Short Term Loans
Long term loans
-1,633,089
1,633,089
Hire Purchase and Lease Commitments
other long term liabilities
287,749
share issue
43,287
100
interest
8,560
-85,416
-68,132
638
75
cash flow from financing
339,475
1,680,853
1,564,957
638
175
cash and cash equivalents
cash
210,473
-113,608
-180,303
209,211
150,664
overdraft
change in cash
210,473
-113,608
-180,303
209,211
150,664
spark change group limited 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 spark change group limited. Get real-time insights into spark change group limited's credit score, group structure and payment trends.
Perform a competitor analysis for spark change group limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in EC1V area or any other competitors across 12 key performance metrics.
spark change group limited Ownership
SPARK CHANGE GROUP LIMITED group structure
Spark Change Group Limited has no subsidiary companies.
Ultimate parent company
SPARK CHANGE GROUP LIMITED
11308894
SPARK CHANGE GROUP LIMITED Shareholders
The largest shareholders in Spark Change Group Limited include Philipp Ruf and Ross Tappin.
philipp ruf
18.04%
ross tappin
18.04%
jan ahrens
18.04%
daniel barry
7.14%
joff hamilton-dick
5.31%
barclays unquoted investments limited
5.23%
steffen buschbacher
5.19%
c3 tech vc i gmbh & co. kg
4.59%
co2x ltd
4.47%
barclays unquoted investments ltd
3.32%
spark change group limited directors
Spark Change Group Limited currently has 5 directors.
The longest serving directors include
Mr Jan Ahrens (Dec 2022) and
Mr Philipp Ruf (Jan 2024).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2024
net assets
-3.4m
+0.01%
total assets
356.6k
+2.24%
cash
276.4k
+3.19%
net assets
Total assets minus all liabilities
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spark change group limited company details
company number
11308894
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
April 2018
age
7
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
December 2024
previous names
N/A
accountant
-
auditor
-
address
124 city road, london, EC1V 2NX
Bank
-
Legal Advisor
-
spark change group limited 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 change group limited.
spark change group limited 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 change group limitedCompanies House Filings - See Documents
