Pomanda estimates the enterprise value of SPRINGLAKE DEVELOPMENTS LIMITED at £533.6k based on a Turnover of £1.6m and 0.34x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of SPRINGLAKE DEVELOPMENTS LIMITED at £0 based on an EBITDA of £-4.6k and a 2.6x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of SPRINGLAKE DEVELOPMENTS LIMITED at £14.4m based on Net Assets of £10.4m and 1.39x industry multiple (adjusted for liquidity).
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Springlake Developments LimitedOverview
Springlake Developments Limited is a live company located in county armagh, BT63 5HT with a Companies House number of NI054084. It operates in the development of building projects sector, SIC Code 41100. Founded in March 2005, it's largest shareholder is
pincap ltd
with a 100% stake. Springlake Developments Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£1.6m with
declining
growth in recent years.
Pomanda's financial health check has awarded Springlake Developments Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
3 Strong
1 Regular
8 Weak
Size
annual sales of £1.6m, make it smaller than the average company (£2.5m)
£1.6m - Springlake Developments Limited
£2.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (4.8%)
-10% - Springlake Developments Limited
4.8% - Industry AVG
Production
with a gross margin of 9.8%, this company has a higher cost of product (27.1%)
9.8% - Springlake Developments Limited
27.1% - Industry AVG
Profitability
an operating margin of -0.3% make it less profitable than the average company (6.9%)
-0.3% - Springlake Developments Limited
6.9% - Industry AVG
Employees
with 3 employees, this is below the industry average (7)
3 - Springlake Developments Limited
7 - Industry AVG
Pay Structure
on an average salary of £48.1k, the company has an equivalent pay structure (£48.1k)
£48.1k - Springlake Developments Limited
£48.1k - Industry AVG
Efficiency
resulting in sales per employee of £521.9k, this is more efficient (£290k)
£521.9k - Springlake Developments Limited
£290k - Industry AVG
Debtor Days
it gets paid by customers after 104 days, this is later than average (28 days)
104 days - Springlake Developments Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (31 days)
0 days - Springlake Developments Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 2538 days, this is more than average (155 days)
2538 days - Springlake Developments Limited
155 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 3144 weeks, this is more cash available to meet short term requirements (11 weeks)
3144 weeks - Springlake Developments Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0%, this is a lower level of debt than the average (73.7%)
0% - Springlake Developments Limited
73.7% - Industry AVG
SPRINGLAKE DEVELOPMENTS LIMITED financials
EXPORT
Springlake Developments Limited's latest turnover from December 2023 is estimated at £1.6 million and the company has net assets of £10.4 million. According to their latest financial statements, we estimate that Springlake Developments Limited has 3 employees and maintains cash reserves of £87.7 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
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
1,565,586
1,604,694
2,066,420
2,153,731
2,198,514
1,229,728
7,437,216
1,592,764
1,102,962
1,097,935
38,734,650
37,041,906
36,539,617
34,962,001
35,444,793
Other Income Or Grants
Cost Of Sales
1,411,553
1,444,812
1,877,627
1,942,934
1,968,710
1,100,967
6,621,663
1,408,169
985,427
975,336
34,490,083
33,099,156
32,903,343
31,355,808
31,908,514
Gross Profit
154,033
159,883
188,793
210,797
229,804
128,761
815,553
184,596
117,535
122,599
4,244,567
3,942,751
3,636,274
3,606,193
3,536,278
Admin Expenses
158,633
166,059
191,202
211,960
77,910
11,561,134
826,191
182,001
-30,074,976
-2,188,755
4,245,240
4,293,404
4,177,533
3,951,071
6,603,946
Operating Profit
-4,600
-6,176
-2,409
-1,163
151,894
-11,432,373
-10,638
2,595
30,192,511
2,311,354
-673
-350,653
-541,259
-344,878
-3,067,668
Interest Payable
Interest Receivable
4,639
2,854
181
72
491
318
898
420
8
1
1
Pre-Tax Profit
39
-3,322
-2,228
-1,091
152,385
-11,432,055
-9,740
3,015
30,192,519
2,311,356
-672
-350,653
-541,259
-344,878
-3,067,668
Tax
-10
-28,953
-603
-6,038,504
-485,385
Profit After Tax
29
-3,322
-2,228
-1,091
123,432
-11,432,055
-9,740
2,412
24,154,015
1,825,971
-672
-350,653
-541,259
-344,878
-3,067,668
Dividends Paid
Retained Profit
29
-3,322
-2,228
-1,091
123,432
-11,432,055
-9,740
2,412
24,154,015
1,825,971
-672
-350,653
-541,259
-344,878
-3,067,668
Employee Costs
144,176
138,203
135,376
177,470
130,319
86,076
466,441
126,092
83,595
79,107
2,165,847
2,177,202
2,165,727
2,006,360
1,888,656
Number Of Employees
3
3
3
4
3
2
11
3
2
2
59
61
62
59
56
EBITDA*
-4,600
-6,176
-2,409
-1,163
151,894
-11,432,373
-10,638
2,595
30,192,511
2,311,354
-673
-350,653
-541,259
-344,878
-3,067,668
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
9,817,471
9,754,904
9,522,881
9,522,881
9,522,881
9,952,198
19,573,264
19,535,145
21,789,419
21,726,990
21,681,149
21,680,639
21,680,639
21,674,119
21,600,465
Trade Debtors
450,280
511,477
761,852
767,032
767,028
310,432
2,568,094
950
3,859
70,000
70,000
281,852
280,281
210,281
Group Debtors
2,285,000
Misc Debtors
41,315
Cash
87,674
89,045
74,015
71,063
72,158
58,790
25,965
333,043
2,920
375
286
155
misc current assets
total current assets
10,355,425
10,355,426
10,358,748
10,360,976
10,362,067
10,321,420
22,167,323
22,194,503
21,793,289
21,731,224
21,751,435
21,750,794
21,962,491
21,954,400
21,810,746
total assets
10,355,425
10,355,426
10,358,748
10,360,976
10,362,067
10,321,420
22,167,323
22,194,503
21,793,289
21,731,224
21,751,435
21,750,794
21,962,491
21,954,400
21,810,746
Bank overdraft
Bank loan
Trade Creditors
1,450
1,480
1,480
1,480
1,480
84,265
498,113
30,155
116,751
50,733
26,056,515
26,055,202
25,916,246
25,366,896
24,878,364
Group/Directors Accounts
483,948
other short term finances
hp & lease commitments
other current liabilities
1,450
total current liabilities
1,450
1,480
1,480
1,480
1,480
84,265
498,113
515,553
116,751
50,733
26,056,515
26,055,202
25,916,246
25,366,896
24,878,364
loans
hp & lease commitments
Accruals and Deferred Income
1,450
other liabilities
provisions
total long term liabilities
1,450
total liabilities
1,450
1,480
1,480
1,480
1,480
84,265
498,113
515,553
116,751
52,183
26,056,515
26,055,202
25,916,246
25,366,896
24,878,364
net assets
10,353,975
10,353,946
10,357,268
10,359,496
10,360,587
10,237,155
21,669,210
21,678,950
21,676,538
21,679,041
-4,305,080
-4,304,408
-3,953,755
-3,412,496
-3,067,618
total shareholders funds
10,353,975
10,353,946
10,357,268
10,359,496
10,360,587
10,237,155
21,669,210
21,678,950
21,676,538
21,679,041
-4,305,080
-4,304,408
-3,953,755
-3,412,496
-3,067,618
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
-4,600
-6,176
-2,409
-1,163
151,894
-11,432,373
-10,638
2,595
30,192,511
2,311,354
-673
-350,653
-541,259
-344,878
-3,067,668
Depreciation
Amortisation
Tax
-10
-28,953
-603
-6,038,504
-485,385
Stock
62,567
232,023
-429,317
-9,621,066
38,119
-2,254,274
62,429
46,351
510
6,520
73,654
21,600,465
Debtors
-61,197
-250,375
-5,180
4
456,596
-2,257,662
241,779
2,325,365
-2,909
-66,141
-211,852
1,571
70,000
210,281
Creditors
-30
-82,785
-413,848
467,958
-86,596
66,018
-26,004,469
1,313
138,956
549,350
488,532
24,878,364
Accruals and Deferred Income
-1,450
1,450
-1,450
1,450
Deferred Taxes & Provisions
Cash flow from operations
-6,010
12,176
2,771
-1,167
12,877
32,507
175,972
-154,245
24,159,055
-24,157,260
130
155
-50
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
-483,948
483,948
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-24,156,518
24,157,478
50
interest
4,639
2,854
181
72
491
318
898
420
8
1
1
cash flow from financing
4,639
2,854
181
72
491
318
-483,050
484,368
-24,156,510
24,157,479
1
50
cash and cash equivalents
cash
-1,371
15,030
2,952
-1,095
13,368
32,825
-307,078
330,123
2,545
220
131
155
overdraft
change in cash
-1,371
15,030
2,952
-1,095
13,368
32,825
-307,078
330,123
2,545
220
131
155
springlake developments 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 springlake developments limited. Get real-time insights into springlake developments limited's credit score, group structure and payment trends.
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springlake developments limited Ownership
SPRINGLAKE DEVELOPMENTS LIMITED group structure
Springlake Developments Limited has no subsidiary companies.
Ultimate parent company
PINCAP LTD
#0086967
1 parent
SPRINGLAKE DEVELOPMENTS LIMITED
NI054084
SPRINGLAKE DEVELOPMENTS LIMITED Shareholders
The sole shareholder of Springlake Developments Limited is Pincap Ltd.
pincap ltd
100%
springlake developments limited directors
Springlake Developments Limited currently has 4 directors.
The longest serving directors include
Mr Thomas Elliott (Apr 2005) and
Mr Mark Elliott (Mar 2017).
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 4 charges/mortgages relating to springlake developments limited. Currently there are 0 open charges and 4 have been satisfied in the past.
springlake 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.
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springlake developments limitedCompanies House Filings - See Documents
