spirit production (services) limited
spirit production (services) limited Company Information
Company Number
SC305856
Next Accounts
Sep 2025
Industry
Other business support service activities n.e.c.
Shareholders
spirit energy limited
Group Structure
View All
Contact
Registered Address
5th floor, iq building 15 justice mill lane, aberdeen, AB11 6EQ
Website
http://centricaenergy.comspirit production (services) limited Estimated Valuation
Pomanda estimates the enterprise value of SPIRIT PRODUCTION (SERVICES) LIMITED at £92.1m based on a Turnover of £76.2m and 1.21x industry multiple (adjusted for size and gross margin).
spirit production (services) limited Estimated Valuation
Pomanda estimates the enterprise value of SPIRIT PRODUCTION (SERVICES) LIMITED at £31m based on an EBITDA of £3.6m and a 8.6x industry multiple (adjusted for size and gross margin).
spirit production (services) limited Estimated Valuation
Pomanda estimates the enterprise value of SPIRIT PRODUCTION (SERVICES) LIMITED at £31.3m based on Net Assets of £13.2m and 2.37x industry multiple (adjusted for liquidity).
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Spirit Production (services) Limited Overview
Spirit Production (services) Limited is a live company located in aberdeen, AB11 6EQ with a Companies House number of SC305856. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 2006, it's largest shareholder is spirit energy limited with a 100% stake. Spirit Production (services) Limited is a established, large sized company, Pomanda has estimated its turnover at £76.2m with declining growth in recent years.
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Spirit Production (services) Limited Health Check
Pomanda's financial health check has awarded Spirit Production (Services) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
4 Weak
Size
annual sales of £76.2m, make it larger than the average company (£4.8m)
£76.2m - Spirit Production (services) Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (6.6%)
-1% - Spirit Production (services) Limited
6.6% - Industry AVG
Production
with a gross margin of 38.2%, this company has a comparable cost of product (38.2%)
38.2% - Spirit Production (services) Limited
38.2% - Industry AVG
Profitability
an operating margin of -1% make it less profitable than the average company (5.7%)
-1% - Spirit Production (services) Limited
5.7% - Industry AVG
Employees
with 445 employees, this is above the industry average (27)
- Spirit Production (services) Limited
27 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Spirit Production (services) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £171.2k, this is equally as efficient (£171.5k)
- Spirit Production (services) Limited
£171.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Spirit Production (services) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is close to average (32 days)
30 days - Spirit Production (services) Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 45 days, this is more than average (33 days)
45 days - Spirit Production (services) Limited
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (22 weeks)
0 weeks - Spirit Production (services) Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.4%, this is a similar level of debt than the average (62.4%)
64.4% - Spirit Production (services) Limited
62.4% - Industry AVG
SPIRIT PRODUCTION (SERVICES) LIMITED financials
Spirit Production (Services) Limited's latest turnover from December 2023 is £76.2 million and the company has net assets of £13.2 million. According to their latest financial statements, we estimate that Spirit Production (Services) Limited has 445 employees and maintains cash reserves of £145 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 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 76,191,000 | 71,051,000 | 80,792,000 | 78,027,000 | 94,577,000 | 98,717,000 | 99,596,000 | 102,575,000 | 126,627,000 | 158,630,000 | 141,084,000 | 142,292,000 | 54,286,000 | 37,019,000 | 58,533,000 |
| Other Income Or Grants | 0 | 0 | |||||||||||||
| Cost Of Sales | 39,673,000 | 50,137,000 | |||||||||||||
| Gross Profit | -2,654,000 | 8,396,000 | |||||||||||||
| Admin Expenses | 28,000 | -5,000 | |||||||||||||
| Operating Profit | -789,000 | 2,613,000 | 7,714,000 | -2,733,000 | -1,960,000 | -1,541,000 | -100,221,000 | -14,985,000 | -5,759,000 | -1,599,000 | -19,009,000 | 670,000 | 1,697,000 | -2,682,000 | 8,401,000 |
| Interest Payable | 116,000 | 393,000 | 418,000 | 413,000 | 673,000 | 293,000 | 5,613,000 | 4,838,000 | 2,120,000 | 325,000 | 53,000 | 42,652,000 | 37,483,000 | 23,203,000 | 9,600,000 |
| Interest Receivable | 778,000 | 0 | 0 | 475,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42,379,000 | 36,636,000 | 23,419,000 | 9,789,000 |
| Pre-Tax Profit | -127,000 | 2,220,000 | 7,296,000 | -2,671,000 | -3,166,000 | -1,851,000 | -8,955,000 | -20,139,000 | -7,759,000 | -4,031,000 | -30,382,000 | 11,513,000 | 850,000 | -2,878,000 | 12,680,000 |
| Tax | 120,000 | -449,000 | -1,198,000 | 818,000 | 318,000 | 28,155,000 | 918,000 | 3,797,000 | 1,158,000 | 324,000 | 6,453,000 | 52,000 | -474,000 | 1,699,000 | 2,361,000 |
| Profit After Tax | -7,000 | 1,771,000 | 6,098,000 | -1,853,000 | -2,848,000 | 26,304,000 | -8,037,000 | -16,342,000 | -6,601,000 | -3,707,000 | -23,929,000 | 11,565,000 | 376,000 | -1,179,000 | 15,041,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,000,000 |
| Retained Profit | -7,000 | 1,771,000 | 6,098,000 | -1,853,000 | -2,848,000 | 26,304,000 | -8,037,000 | -16,342,000 | -6,601,000 | -3,707,000 | -23,929,000 | 11,565,000 | 376,000 | -1,179,000 | 13,041,000 |
| Employee Costs | 0 | 0 | 7,963,000 | 3,598,000 | 4,913,000 | 17,337,000 | 30,144,000 | 60,204,000 | 4,470,000 | 3,663,000 | 5,567,000 | 11,473,000 | 23,416,000 | ||
| Number Of Employees | 43 | 65 | 82 | 98 | 125 | ||||||||||
| EBITDA* | 3,604,000 | 8,026,000 | 10,233,000 | 365,000 | 2,559,000 | 3,031,000 | -99,012,000 | -14,593,000 | -5,082,000 | -690,000 | -17,737,000 | 1,446,000 | 1,980,000 | 588,000 | 9,171,000 |
* 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 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,001,000 | 7,461,000 | 9,765,000 | 12,183,000 | 14,820,000 | 4,916,000 | 5,606,000 | 5,965,000 | 6,354,000 | 7,049,000 | 7,662,000 | 9,528,000 | 10,124,000 | 1,855,000 | 3,426,000 |
| Intangible Assets | 0 | 0 | 8,000 | 109,000 | 786,000 | 2,830,000 | 6,718,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 500,000 | 473,000 | 16,500,000 | 493,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 23,931,000 | 14,637,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 29,432,000 | 22,571,000 | 26,273,000 | 12,785,000 | 15,606,000 | 7,746,000 | 12,324,000 | 5,965,000 | 6,354,000 | 7,049,000 | 7,662,000 | 9,528,000 | 10,124,000 | 1,855,000 | 3,426,000 |
| Stock & work in progress | 5,857,000 | 5,862,000 | 5,838,000 | 5,849,000 | 6,474,000 | 6,503,000 | 3,721,000 | 3,562,000 | 5,092,000 | 21,893,000 | 22,953,000 | 26,717,000 | 21,666,000 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 397,000 | 1,386,000 | 0 | 0 | 0 | 12,000 | 0 |
| Group Debtors | 189,000 | 7,000 | 222,000 | 8,614,000 | 52,470,000 | 64,044,000 | 41,328,000 | 165,914,000 | 285,252,000 | 2,075,250,000 | 2,090,425,000 | 2,886,531,000 | 1,925,459,000 | 1,407,685,000 | 885,395,000 |
| Misc Debtors | 1,427,000 | 2,978,000 | 2,886,000 | 2,058,000 | 3,359,000 | 2,734,000 | 1,625,000 | 430,000 | 0 | 0 | 6,629,000 | 7,431,000 | 833,000 | 423,000 | 194,000 |
| Cash | 145,000 | 984,000 | 182,000 | 308,000 | 314,000 | 298,000 | 481,000 | 114,000 | 0 | 128,000 | 432,000 | 0 | 153,000 | 204,000 | 541,000 |
| misc current assets | 0 | 0 | 0 | 0 | 483,000 | 251,000 | 0 | 2,596,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,618,000 | 9,831,000 | 9,128,000 | 16,829,000 | 63,100,000 | 73,830,000 | 47,155,000 | 172,616,000 | 290,741,000 | 2,098,657,000 | 2,120,439,000 | 2,920,679,000 | 1,948,111,000 | 1,408,324,000 | 886,130,000 |
| total assets | 37,050,000 | 32,402,000 | 35,401,000 | 29,614,000 | 78,706,000 | 81,576,000 | 59,479,000 | 178,581,000 | 297,095,000 | 2,105,706,000 | 2,128,101,000 | 2,930,207,000 | 1,958,235,000 | 1,410,179,000 | 889,556,000 |
| Bank overdraft | 8,152,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 202,000 | 0 | 0 | 32,759,000 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,000,000 | 1,823,000 | 1,468,000 | 2,224,000 | 4,907,000 | 4,926,000 | 4,788,000 | 836,000 | 1,278,000 | 3,102,000 | 3,814,000 | 399,000 | 909,000 | 355,000 | 435,000 |
| Group/Directors Accounts | 1,950,000 | 2,319,000 | 7,861,000 | 2,862,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 2,036,000 | 2,123,000 | 2,049,000 | 2,101,000 | 2,124,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,374,000 | 7,122,000 | 6,520,000 | 9,099,000 | 54,561,000 | 140,605,000 | 144,950,000 | 256,655,000 | 356,355,000 | 2,092,552,000 | 2,113,152,000 | 2,862,968,000 | 1,935,408,000 | 1,388,968,000 | 870,716,000 |
| total current liabilities | 20,512,000 | 13,387,000 | 17,898,000 | 16,286,000 | 61,592,000 | 145,531,000 | 149,738,000 | 257,491,000 | 357,835,000 | 2,095,654,000 | 2,116,966,000 | 2,896,126,000 | 1,936,317,000 | 1,389,323,000 | 871,151,000 |
| loans | 0 | 0 | 0 | 0 | 19,834,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 2,080,000 | 4,095,000 | 6,061,000 | 7,984,000 | 9,917,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,252,000 | 1,707,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,332,000 | 5,802,000 | 6,061,000 | 7,984,000 | 9,917,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 23,844,000 | 19,189,000 | 23,959,000 | 24,270,000 | 71,509,000 | 145,531,000 | 149,738,000 | 257,491,000 | 357,835,000 | 2,095,654,000 | 2,116,966,000 | 2,896,126,000 | 1,936,317,000 | 1,389,323,000 | 871,151,000 |
| net assets | 13,206,000 | 13,213,000 | 11,442,000 | 5,344,000 | 7,197,000 | -63,955,000 | -90,259,000 | -78,910,000 | -60,740,000 | 10,052,000 | 11,135,000 | 34,081,000 | 21,918,000 | 20,856,000 | 18,405,000 |
| total shareholders funds | 13,206,000 | 13,213,000 | 11,442,000 | 5,344,000 | 7,197,000 | -63,955,000 | -90,259,000 | -78,910,000 | -60,740,000 | 10,052,000 | 11,135,000 | 34,081,000 | 21,918,000 | 20,856,000 | 18,405,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -789,000 | 2,613,000 | 7,714,000 | -2,733,000 | -1,960,000 | -1,541,000 | -100,221,000 | -14,985,000 | -5,759,000 | -1,599,000 | -19,009,000 | 670,000 | 1,697,000 | -2,682,000 | 8,401,000 |
| Depreciation | 2,401,000 | 5,413,000 | 2,418,000 | 3,098,000 | 2,475,000 | 684,000 | 484,000 | 392,000 | 677,000 | 909,000 | 1,272,000 | 776,000 | 283,000 | 3,270,000 | 770,000 |
| Amortisation | 1,992,000 | 0 | 101,000 | 0 | 2,044,000 | 3,888,000 | 725,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 120,000 | -449,000 | -1,198,000 | 818,000 | 318,000 | 28,155,000 | 918,000 | 3,797,000 | 1,158,000 | 324,000 | 6,453,000 | 52,000 | -474,000 | 1,699,000 | 2,361,000 |
| Stock | -5,000 | 24,000 | -11,000 | -625,000 | -29,000 | 2,782,000 | 159,000 | -1,530,000 | -16,801,000 | -1,060,000 | -3,764,000 | 5,051,000 | 21,666,000 | 0 | 0 |
| Debtors | 7,925,000 | 14,514,000 | -7,564,000 | -45,157,000 | -10,949,000 | 23,825,000 | -123,391,000 | -119,305,000 | -1,790,987,000 | -20,418,000 | -796,908,000 | 967,670,000 | 518,172,000 | 522,531,000 | 885,589,000 |
| Creditors | 2,177,000 | 355,000 | -756,000 | -2,683,000 | -19,000 | 138,000 | 3,952,000 | -442,000 | -1,824,000 | -712,000 | 3,415,000 | -510,000 | 554,000 | -80,000 | 435,000 |
| Accruals and Deferred Income | -3,203,000 | 2,309,000 | -2,579,000 | -45,462,000 | -86,044,000 | -4,345,000 | -111,705,000 | -99,700,000 | -1,736,197,000 | -20,600,000 | -749,816,000 | 927,560,000 | 546,440,000 | 518,252,000 | 870,716,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -5,222,000 | -4,297,000 | 13,275,000 | -1,180,000 | -72,208,000 | 372,000 | -82,615,000 | 9,897,000 | 65,843,000 | -200,000 | 42,987,000 | -44,173,000 | 8,662,000 | -2,072,000 | -2,906,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 27,000 | -16,027,000 | 16,007,000 | 493,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -369,000 | -5,542,000 | 4,999,000 | 2,862,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -19,834,000 | 19,834,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -2,102,000 | -1,892,000 | -1,975,000 | -1,956,000 | 12,041,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 662,000 | -393,000 | -418,000 | 62,000 | -673,000 | -293,000 | -5,613,000 | -4,838,000 | -2,120,000 | -325,000 | -53,000 | -273,000 | -847,000 | 216,000 | 189,000 |
| cash flow from financing | -1,809,000 | -7,827,000 | 2,606,000 | -18,866,000 | 105,202,000 | -293,000 | -8,925,000 | -6,666,000 | -66,311,000 | 2,299,000 | 930,000 | 325,000 | -161,000 | 3,846,000 | 5,553,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -839,000 | 802,000 | -126,000 | -6,000 | 16,000 | -183,000 | 367,000 | 114,000 | -128,000 | -304,000 | 432,000 | -153,000 | -51,000 | -337,000 | 541,000 |
| overdraft | 8,152,000 | 0 | 0 | 0 | 0 | 0 | 0 | -202,000 | 202,000 | 0 | -32,759,000 | 32,759,000 | 0 | 0 | 0 |
| change in cash | -8,991,000 | 802,000 | -126,000 | -6,000 | 16,000 | -183,000 | 367,000 | 316,000 | -330,000 | -304,000 | 33,191,000 | -32,912,000 | -51,000 | -337,000 | 541,000 |
spirit production (services) limited Credit Report and Business Information
Spirit Production (services) Limited Competitor Analysis
Perform a competitor analysis for spirit production (services) limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in AB11 area or any other competitors across 12 key performance metrics.
spirit production (services) limited Ownership
SPIRIT PRODUCTION (SERVICES) LIMITED group structure
Spirit Production (Services) Limited has no subsidiary companies.
Ultimate parent company
2 parents
SPIRIT PRODUCTION (SERVICES) LIMITED
SC305856
spirit production (services) limited directors
Spirit Production (Services) Limited currently has 3 directors. The longest serving directors include Mr Peter Hepburn (Sep 2023) and Mr Nicholas Harrison (Jul 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Hepburn | 53 years | Sep 2023 | - | Director | |
| Mr Nicholas Harrison | 58 years | Jul 2024 | - | Director | |
| Mr Scott McGinigal | 53 years | Sep 2024 | - | Director |
P&L
December 2023turnover
76.2m
+7%
operating profit
-789k
-130%
gross margin
38.2%
-0.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
13.2m
0%
total assets
37.1m
+0.14%
cash
145k
-0.85%
net assets
Total assets minus all liabilities
spirit production (services) limited company details
company number
SC305856
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
July 2006
age
19
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
centrica production (services) limited (November 2017)
venture production (services) limited (September 2011)
accountant
-
auditor
DELOITTE LLP
address
5th floor, iq building 15 justice mill lane, aberdeen, AB11 6EQ
Bank
BARCLAYS BANK PLC
Legal Advisor
-
spirit production (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 spirit production (services) limited.
spirit production (services) limited Capital Raised & Share Issues BETA
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spirit production (services) limited Companies House Filings - See Documents
| date | description | view/download |
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