sperrin trading services limited
sperrin trading services limited Company Information
Company Number
NI637813
Website
-Registered Address
14 sandholes road, cookstown, tyrone, BT80 9AR
Industry
Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
Telephone
-
Next Accounts Due
November 2024
Group Structure
View All
Directors
Damien Convery7 Years
Shareholders
sperrin asset company limited 100%
sperrin trading services limited Estimated Valuation
Pomanda estimates the enterprise value of SPERRIN TRADING SERVICES LIMITED at £1.5m based on a Turnover of £4.6m and 0.33x industry multiple (adjusted for size and gross margin).
sperrin trading services limited Estimated Valuation
Pomanda estimates the enterprise value of SPERRIN TRADING SERVICES LIMITED at £1.7m based on an EBITDA of £556.7k and a 3x industry multiple (adjusted for size and gross margin).
sperrin trading services limited Estimated Valuation
Pomanda estimates the enterprise value of SPERRIN TRADING SERVICES LIMITED at £2.8m based on Net Assets of £2m and 1.41x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Sperrin Trading Services Limited AI Business Plan
In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.
Sperrin Trading Services Limited Overview
Sperrin Trading Services Limited is a live company located in tyrone, BT80 9AR with a Companies House number of NI637813. It operates in the manufacture of tubes, pipes, hollow profiles and related fittings, of steel sector, SIC Code 24200. Founded in April 2016, it's largest shareholder is sperrin asset company limited with a 100% stake. Sperrin Trading Services Limited is a young, small sized company, Pomanda has estimated its turnover at £4.6m with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Sperrin Trading Services Limited Health Check
Pomanda's financial health check has awarded Sperrin Trading Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £4.6m, make it smaller than the average company (£15m)
- Sperrin Trading Services Limited
£15m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (5.3%)
- Sperrin Trading Services Limited
5.3% - Industry AVG
Production
with a gross margin of 22.6%, this company has a comparable cost of product (22.6%)
- Sperrin Trading Services Limited
22.6% - Industry AVG
Profitability
an operating margin of 11.3% make it more profitable than the average company (5.5%)
- Sperrin Trading Services Limited
5.5% - Industry AVG
Employees
with 19 employees, this is below the industry average (67)
19 - Sperrin Trading Services Limited
67 - Industry AVG
Pay Structure
on an average salary of £39.3k, the company has an equivalent pay structure (£39.3k)
- Sperrin Trading Services Limited
£39.3k - Industry AVG
Efficiency
resulting in sales per employee of £239.7k, this is more efficient (£180.7k)
- Sperrin Trading Services Limited
£180.7k - Industry AVG
Debtor Days
it gets paid by customers after 68 days, this is near the average (77 days)
- Sperrin Trading Services Limited
77 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (62 days)
- Sperrin Trading Services Limited
62 days - Industry AVG
Stock Days
it holds stock equivalent to 355 days, this is more than average (83 days)
- Sperrin Trading Services Limited
83 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is more cash available to meet short term requirements (10 weeks)
14 weeks - Sperrin Trading Services Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.1%, this is a higher level of debt than the average (45.5%)
64.1% - Sperrin Trading Services Limited
45.5% - Industry AVG
sperrin trading services limited Credit Report and Business Information
Sperrin Trading Services Limited Competitor Analysis
Perform a competitor analysis for sperrin trading services limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
sperrin trading services limited Ownership
SPERRIN TRADING SERVICES LIMITED group structure
Sperrin Trading Services Limited has no subsidiary companies.
Ultimate parent company
1 parent
SPERRIN TRADING SERVICES LIMITED
NI637813
sperrin trading services limited directors
Sperrin Trading Services Limited currently has 1 director, Mr Damien Convery serving since Jan 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Damien Convery | 61 years | Jan 2017 | - | Director |
SPERRIN TRADING SERVICES LIMITED financials
Sperrin Trading Services Limited's latest turnover from February 2023 is estimated at £4.6 million and the company has net assets of £2 million. According to their latest financial statements, Sperrin Trading Services Limited has 19 employees and maintains cash reserves of £976 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 3,070,916 | 0 | |||||
| Other Income Or Grants | 0 | 0 | |||||
| Cost Of Sales | 2,668,117 | 0 | |||||
| Gross Profit | 402,799 | 0 | |||||
| Admin Expenses | 231,191 | 0 | |||||
| Operating Profit | 171,608 | 0 | |||||
| Interest Payable | 80,624 | 0 | |||||
| Interest Receivable | 0 | 0 | |||||
| Pre-Tax Profit | 90,984 | 0 | |||||
| Tax | -9,172 | 0 | |||||
| Profit After Tax | 81,812 | 0 | |||||
| Dividends Paid | 0 | 0 | |||||
| Retained Profit | 81,812 | 0 | |||||
| Employee Costs | 522,722 | 0 | |||||
| Number Of Employees | 19 | 17 | 20 | 20 | 19 | 21 | 1 |
| EBITDA* | 177,378 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 214,957 | 255,048 | 281,501 | 316,270 | 195,097 | 53,951 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 214,957 | 255,048 | 281,501 | 316,270 | 195,097 | 53,951 | 0 |
| Stock & work in progress | 3,437,883 | 3,003,471 | 789,408 | 1,999,350 | 1,747,700 | 1,777,105 | 0 |
| Trade Debtors | 857,201 | 1,077,216 | 1,364,508 | 1,245,298 | 1,567,100 | 428,272 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 84,979 | 1,531,325 | 1,669,637 | 19,713 | 110,826 | 399,928 | 2 |
| Cash | 976,004 | 71,835 | 579,783 | 410,670 | 325,134 | 386,792 | 0 |
| misc current assets | 0 | 0 | 432 | 0 | 0 | 0 | 0 |
| total current assets | 5,356,067 | 5,683,847 | 4,403,768 | 3,675,031 | 3,750,760 | 2,992,097 | 2 |
| total assets | 5,571,024 | 5,938,895 | 4,685,269 | 3,991,301 | 3,945,857 | 3,046,048 | 2 |
| Bank overdraft | 1,333 | 1,353 | 1,324 | 0 | 651 | 1,957 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 68,416 | 75,096 | 72,260 | 25,132 | 87,263 | 793,445 | 0 |
| Group/Directors Accounts | 3,316,027 | 3,475,101 | 3,541,511 | 3,626,940 | 3,719,108 | 2,141,110 | 0 |
| other short term finances | 0 | 485,268 | 226,515 | 242,700 | 0 | 0 | 0 |
| hp & lease commitments | 2,917 | 2,917 | 0 | 2,126 | 3,432 | 4,433 | 0 |
| other current liabilities | 129,900 | 263,592 | 98,620 | 35,558 | 10,143 | 6,727 | 0 |
| total current liabilities | 3,518,593 | 4,303,327 | 3,940,230 | 3,932,456 | 3,820,597 | 2,947,672 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 2,188 | 5,105 | 0 | 0 | 2,956 | 7,389 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 50,655 | 45,763 | 52,236 | 2,365 | 12,667 | 9,172 | 0 |
| total long term liabilities | 52,843 | 50,868 | 52,236 | 2,365 | 15,623 | 16,561 | 0 |
| total liabilities | 3,571,436 | 4,354,195 | 3,992,466 | 3,934,821 | 3,836,220 | 2,964,233 | 0 |
| net assets | 1,999,588 | 1,584,700 | 692,803 | 56,480 | 109,637 | 81,815 | 2 |
| total shareholders funds | 1,999,588 | 1,584,700 | 692,803 | 56,480 | 109,637 | 81,815 | 2 |
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 171,608 | 0 | |||||
| Depreciation | 41,094 | 38,704 | 40,343 | 32,876 | 19,569 | 5,770 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -9,172 | 0 | |||||
| Stock | 434,412 | 2,214,063 | -1,209,942 | 251,650 | -29,405 | 1,777,105 | 0 |
| Debtors | -1,666,361 | -425,604 | 1,769,134 | -412,915 | 849,726 | 828,198 | 2 |
| Creditors | -6,680 | 2,836 | 47,128 | -62,131 | -706,182 | 793,445 | 0 |
| Accruals and Deferred Income | -133,692 | 164,972 | 63,062 | 25,415 | 3,416 | 6,727 | 0 |
| Deferred Taxes & Provisions | 4,892 | -6,473 | 49,871 | -10,302 | 3,495 | 9,172 | 0 |
| Cash flow from operations | -1,627,753 | -2 | |||||
| Investing Activities | |||||||
| capital expenditure | -59,721 | 0 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -59,721 | 0 | |||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -159,074 | -66,410 | -85,429 | -92,168 | 1,577,998 | 2,141,110 | 0 |
| Other Short Term Loans | -485,268 | 258,753 | -16,185 | 242,700 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -2,917 | 8,022 | -2,126 | -4,262 | -5,434 | 11,822 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -80,624 | 0 | |||||
| cash flow from financing | 2,072,309 | 2 | |||||
| cash and cash equivalents | |||||||
| cash | 904,169 | -507,948 | 169,113 | 85,536 | -61,658 | 386,792 | 0 |
| overdraft | -20 | 29 | 1,324 | -651 | -1,306 | 1,957 | 0 |
| change in cash | 904,189 | -507,977 | 167,789 | 86,187 | -60,352 | 384,835 | 0 |
P&L
February 2023turnover
4.6m
+1%
operating profit
515.6k
0%
gross margin
22.6%
+18.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
2m
+0.26%
total assets
5.6m
-0.06%
cash
976k
+12.59%
net assets
Total assets minus all liabilities
sperrin trading services limited company details
company number
NI637813
Type
Private limited with Share Capital
industry
24200 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
incorporation date
April 2016
age
8
accounts
Small Company
ultimate parent company
previous names
sperrin trading limited (October 2016)
incorporated
UK
address
14 sandholes road, cookstown, tyrone, BT80 9AR
last accounts submitted
February 2023
sperrin trading services 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 sperrin trading services limited.
sperrin trading services limited Companies House Filings - See Documents
| date | description | view/download |
|---|
