spherical developments limited
spherical developments limited Company Information
Company Number
12104845
Next Accounts
500 days late
Directors
Shareholders
one collection leisure limited
Group Structure
View All
Industry
Public houses and bars
+1Registered Address
suite 5 2nd floor bulman house, regent centre, newcastle upon tyne, NE3 3LS
spherical developments limited Estimated Valuation
Pomanda estimates the enterprise value of SPHERICAL DEVELOPMENTS LIMITED at £1.5m based on a Turnover of £2.3m and 0.68x industry multiple (adjusted for size and gross margin).
spherical developments limited Estimated Valuation
Pomanda estimates the enterprise value of SPHERICAL DEVELOPMENTS LIMITED at £321.6k based on an EBITDA of £73.1k and a 4.4x industry multiple (adjusted for size and gross margin).
spherical developments limited Estimated Valuation
Pomanda estimates the enterprise value of SPHERICAL DEVELOPMENTS LIMITED at £55.1k based on Net Assets of £22.5k and 2.44x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Spherical Developments Limited Overview
Spherical Developments Limited is a live company located in newcastle upon tyne, NE3 3LS with a Companies House number of 12104845. It operates in the licenced restaurants sector, SIC Code 56101. Founded in July 2019, it's largest shareholder is one collection leisure limited with a 100% stake. Spherical Developments Limited is a young, small sized company, Pomanda has estimated its turnover at £2.3m with unknown growth in recent years.
Upgrade for unlimited company reports & a free credit check
Spherical Developments Limited Health Check
Pomanda's financial health check has awarded Spherical Developments Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £2.3m, make it larger than the average company (£740.8k)
- Spherical Developments Limited
£740.8k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Spherical Developments Limited
- - Industry AVG
Production
with a gross margin of 58.5%, this company has a comparable cost of product (58.5%)
- Spherical Developments Limited
58.5% - Industry AVG
Profitability
an operating margin of 1.4% make it as profitable than the average company (1.4%)
- Spherical Developments Limited
1.4% - Industry AVG
Employees
with 72 employees, this is above the industry average (29)
- Spherical Developments Limited
29 - Industry AVG
Pay Structure
on an average salary of £15.9k, the company has an equivalent pay structure (£15.9k)
- Spherical Developments Limited
£15.9k - Industry AVG
Efficiency
resulting in sales per employee of £31.3k, this is equally as efficient (£32k)
- Spherical Developments Limited
£32k - Industry AVG
Debtor Days
it gets paid by customers after 16 days, this is later than average (9 days)
- Spherical Developments Limited
9 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is quicker than average (72 days)
- Spherical Developments Limited
72 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (21 days)
- Spherical Developments Limited
21 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (16 weeks)
0 weeks - Spherical Developments Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.3%, this is a higher level of debt than the average (82.5%)
98.3% - Spherical Developments Limited
82.5% - Industry AVG
SPHERICAL DEVELOPMENTS LIMITED financials
Spherical Developments Limited's latest turnover from December 2021 is estimated at £2.3 million and the company has net assets of £22.5 thousand. According to their latest financial statements, we estimate that Spherical Developments Limited has 72 employees and maintains cash reserves of £17.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | |
|---|---|---|
| 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
| Dec 2021 | Dec 2020 | |
|---|---|---|
| Tangible Assets | 415,318 | 445,902 |
| Intangible Assets | 5,367 | 14,202 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 420,685 | 460,104 |
| Stock & work in progress | 19,792 | 12,626 |
| Trade Debtors | 102,559 | 58,559 |
| Group Debtors | 0 | 177,370 |
| Misc Debtors | 754,998 | 57,677 |
| Cash | 17,510 | 0 |
| misc current assets | 0 | 0 |
| total current assets | 894,859 | 306,232 |
| total assets | 1,315,544 | 766,336 |
| Bank overdraft | 0 | 10,235 |
| Bank loan | 0 | 0 |
| Trade Creditors | 142,843 | 186,987 |
| Group/Directors Accounts | 287,666 | 238,688 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 812,505 | 280,425 |
| total current liabilities | 1,243,014 | 716,335 |
| loans | 50,000 | 50,000 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 50,000 | 50,000 |
| total liabilities | 1,293,014 | 766,335 |
| net assets | 22,530 | 1 |
| total shareholders funds | 22,530 | 1 |
| Dec 2021 | Dec 2020 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 33,040 | 33,424 |
| Amortisation | 8,835 | 7,456 |
| Tax | ||
| Stock | 7,166 | 12,626 |
| Debtors | 563,951 | 293,606 |
| Creditors | -44,144 | 186,987 |
| Accruals and Deferred Income | 532,080 | 280,425 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 48,978 | 238,688 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 50,000 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | 17,510 | 0 |
| overdraft | -10,235 | 10,235 |
| change in cash | 27,745 | -10,235 |
spherical developments limited Credit Report and Business Information
Spherical Developments Limited Competitor Analysis
Perform a competitor analysis for spherical developments limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in NE3 area or any other competitors across 12 key performance metrics.
spherical developments limited Ownership
SPHERICAL DEVELOPMENTS LIMITED group structure
Spherical Developments Limited has no subsidiary companies.
Ultimate parent company
ONE HOLDING (GIBRALTAR) LIMITED
#0154582
2 parents
SPHERICAL DEVELOPMENTS LIMITED
12104845
spherical developments limited directors
Spherical Developments Limited currently has 1 director, Mr Phillip Brumwell serving since Sep 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Phillip Brumwell | United Kingdom | 49 years | Sep 2021 | - | Director |
P&L
December 2021turnover
2.3m
+13%
operating profit
31.2k
0%
gross margin
58.5%
+0.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
22.5k
+22529%
total assets
1.3m
+0.72%
cash
17.5k
0%
net assets
Total assets minus all liabilities
Similar Companies
spherical developments limited company details
company number
12104845
Type
Private limited with Share Capital
industry
56302 - Public houses and bars
56101 - Licensed restaurants
incorporation date
July 2019
age
6
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2021
previous names
N/A
accountant
ROBSON LAIDLER ACCOUNTANTS LIMITED
auditor
-
address
suite 5 2nd floor bulman house, regent centre, newcastle upon tyne, NE3 3LS
Bank
-
Legal Advisor
-
spherical developments 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 found 1 charges/mortgages relating to spherical developments limited. Currently there are 1 open charges and 0 have been satisfied in the past.
spherical developments 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.
Click to start generating capital raising & share issue transactions for SPHERICAL DEVELOPMENTS LIMITED. This can take several minutes, an email will notify you when this has completed.
spherical developments limited Companies House Filings - See Documents
| date | description | view/download |
|---|
