eco hub unit 62, windyhil road, limavady, BT49 0QZ
Website
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spectrum solutions (north) ltdEstimated Valuation
£188.6k
Pomanda estimates the enterprise value of SPECTRUM SOLUTIONS (NORTH) LTD at £188.6k based on a Turnover of £594.8k and 0.32x industry multiple (adjusted for size and gross margin).
spectrum solutions (north) ltdEstimated Valuation
£111.4k
Pomanda estimates the enterprise value of SPECTRUM SOLUTIONS (NORTH) LTD at £111.4k based on an EBITDA of £36.9k and a 3.02x industry multiple (adjusted for size and gross margin).
spectrum solutions (north) ltdEstimated Valuation
£93.4k
Pomanda estimates the enterprise value of SPECTRUM SOLUTIONS (NORTH) LTD at £93.4k based on Net Assets of £58k and 1.61x industry multiple (adjusted for liquidity).
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Spectrum Solutions (north) LtdOverview
Spectrum Solutions (north) Ltd is a live company located in limavady, BT49 0QZ with a Companies House number of NI640537. It operates in the manufacture of kitchen furniture sector, SIC Code 31020. Founded in August 2016, it's largest shareholder is
marius mccauley
with a 33.3% stake. Spectrum Solutions (north) Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£594.8k with
high
growth in recent years.
Pomanda's financial health check has awarded Spectrum Solutions (North) Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
2 Strong
5 Regular
5 Weak
Size
annual sales of £594.8k, make it smaller than the average company (£11m)
£594.8k - Spectrum Solutions (north) Ltd
£11m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (7.4%)
16% - Spectrum Solutions (north) Ltd
7.4% - Industry AVG
Production
with a gross margin of 33.7%, this company has a comparable cost of product (33.7%)
33.7% - Spectrum Solutions (north) Ltd
33.7% - Industry AVG
Profitability
an operating margin of 3.1% make it less profitable than the average company (4.8%)
3.1% - Spectrum Solutions (north) Ltd
4.8% - Industry AVG
Employees
with 4 employees, this is below the industry average (72)
4 - Spectrum Solutions (north) Ltd
72 - Industry AVG
Pay Structure
on an average salary of £32.1k, the company has an equivalent pay structure (£32.1k)
£32.1k - Spectrum Solutions (north) Ltd
£32.1k - Industry AVG
Efficiency
resulting in sales per employee of £148.7k, this is equally as efficient (£139.9k)
£148.7k - Spectrum Solutions (north) Ltd
£139.9k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is near the average (41 days)
35 days - Spectrum Solutions (north) Ltd
41 days - Industry AVG
Creditor Days
its suppliers are paid after 132 days, this is slower than average (48 days)
132 days - Spectrum Solutions (north) Ltd
48 days - Industry AVG
Stock Days
it holds stock equivalent to 138 days, this is more than average (62 days)
138 days - Spectrum Solutions (north) Ltd
62 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 8 weeks, this is average cash available to meet short term requirements (9 weeks)
8 weeks - Spectrum Solutions (north) Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.1%, this is a higher level of debt than the average (67.3%)
84.1% - Spectrum Solutions (north) Ltd
67.3% - Industry AVG
SPECTRUM SOLUTIONS (NORTH) LTD financials
EXPORT
Spectrum Solutions (North) Ltd's latest turnover from August 2023 is estimated at £594.8 thousand and the company has net assets of £58 thousand. According to their latest financial statements, Spectrum Solutions (North) Ltd has 4 employees and maintains cash reserves of £49.9 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Turnover
594,752
590,428
391,694
377,367
417,489
390,619
227,819
Other Income Or Grants
Cost Of Sales
394,298
391,404
277,125
257,721
281,627
259,636
155,696
Gross Profit
200,454
199,024
114,570
119,647
135,863
130,983
72,123
Admin Expenses
182,335
133,827
21,555
102,906
135,530
212,476
86,084
Operating Profit
18,119
65,197
93,015
16,741
333
-81,493
-13,961
Interest Payable
2,202
287
169
329
634
420
Interest Receivable
1,311
90
5
3
35
12
Pre-Tax Profit
17,228
65,000
92,852
16,412
-298
-81,878
-13,949
Tax
-4,307
-12,350
-17,642
-3,118
Profit After Tax
12,921
52,650
75,210
13,294
-298
-81,878
-13,949
Dividends Paid
Retained Profit
12,921
52,650
75,210
13,294
-298
-81,878
-13,949
Employee Costs
128,277
131,133
130,391
123,292
126,156
116,293
28,824
Number Of Employees
4
4
4
4
4
4
1
EBITDA*
36,906
83,135
106,015
29,741
833
-80,993
-13,961
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Tangible Assets
106,428
117,820
135,758
129,008
142,008
42,508
2,000
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
106,428
117,820
135,758
129,008
142,008
42,508
2,000
Stock & work in progress
150,000
148,225
25,000
25,000
25,000
25,000
25,000
Trade Debtors
58,621
53,467
47,642
29,805
49,094
58,148
21,364
Group Debtors
Misc Debtors
6,133
37,729
12,124
Cash
49,944
10,285
707
46
9,300
misc current assets
total current assets
258,565
201,692
82,927
60,938
112,530
95,318
55,664
total assets
364,993
319,512
218,685
189,946
254,538
137,826
57,664
Bank overdraft
32,834
6,305
1,092
4,437
6,345
12,431
Bank loan
Trade Creditors
143,349
169,620
120,095
78,237
117,097
65,688
71,610
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
126,742
89,503
91,538
190,100
227,218
155,531
total current liabilities
302,925
265,428
212,725
272,774
350,660
233,650
71,610
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
4,115
9,052
13,578
provisions
total long term liabilities
4,115
9,052
13,578
total liabilities
307,040
274,480
226,303
272,774
350,660
233,650
71,610
net assets
57,953
45,032
-7,618
-82,828
-96,122
-95,824
-13,946
total shareholders funds
57,953
45,032
-7,618
-82,828
-96,122
-95,824
-13,946
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Operating Activities
Operating Profit
18,119
65,197
93,015
16,741
333
-81,493
-13,961
Depreciation
18,787
17,938
13,000
13,000
500
500
Amortisation
Tax
-4,307
-12,350
-17,642
-3,118
Stock
1,775
123,225
25,000
Debtors
5,154
5,825
11,704
-50,885
16,551
48,908
21,364
Creditors
-26,271
49,525
41,858
-38,860
51,409
-5,922
71,610
Accruals and Deferred Income
37,239
-2,035
-98,562
-37,118
71,687
155,531
Deferred Taxes & Provisions
Cash flow from operations
36,638
-10,775
19,965
1,530
107,378
19,708
11,285
Investing Activities
capital expenditure
-7,395
-19,750
-100,000
-41,008
-2,000
Change in Investments
cash flow from investments
-7,395
-19,750
-100,000
-41,008
-2,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-4,937
-4,526
13,578
share issue
3
interest
-891
-197
-164
-329
-631
-385
12
cash flow from financing
-5,828
-4,723
13,414
-329
-631
-385
15
cash and cash equivalents
cash
49,944
-10,285
10,285
-707
661
-9,254
9,300
overdraft
26,529
5,213
-3,345
-1,908
-6,086
12,431
change in cash
23,415
-15,498
13,630
1,201
6,747
-21,685
9,300
spectrum solutions (north) 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 spectrum solutions (north) ltd. Get real-time insights into spectrum solutions (north) ltd's credit score, group structure and payment trends.
Perform a competitor analysis for spectrum solutions (north) ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in BT49 area or any other competitors across 12 key performance metrics.
spectrum solutions (north) ltd Ownership
SPECTRUM SOLUTIONS (NORTH) LTD group structure
Spectrum Solutions (North) Ltd has no subsidiary companies.
Ultimate parent company
SPECTRUM SOLUTIONS (NORTH) LTD
NI640537
SPECTRUM SOLUTIONS (NORTH) LTD Shareholders
The largest shareholders in Spectrum Solutions (North) Ltd include Marius Mccauley and Darrel Mccauley.
marius mccauley
33.33%
darrel mccauley
33.33%
chris smyth
33.33%
spectrum solutions (north) ltd directors
Spectrum Solutions (North) Ltd currently has 3 directors.
The longest serving directors include
Mr Darrel McCauley (Aug 2016) and
Mr Chris Smyth (Aug 2016).
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 spectrum solutions (north) ltd.
spectrum solutions (north) 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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spectrum solutions (north) ltdCompanies House Filings - See Documents
