springfield timber kit systems limited
springfield timber kit systems limited Company Information
Company Number
SC610463
Next Accounts
9 days late
Shareholders
springfield properties plc
Group Structure
View All
Industry
Construction of commercial buildings
Registered Address
alexander fleming house, 8 southfield drive, elgin, morayshire, IV30 6GR
Website
www.springfield.co.ukspringfield timber kit systems limited Estimated Valuation
Pomanda estimates the enterprise value of SPRINGFIELD TIMBER KIT SYSTEMS LIMITED at £1.5m based on a Turnover of £3.5m and 0.44x industry multiple (adjusted for size and gross margin).
springfield timber kit systems limited Estimated Valuation
Pomanda estimates the enterprise value of SPRINGFIELD TIMBER KIT SYSTEMS LIMITED at £1.4m based on an EBITDA of £323.1k and a 4.28x industry multiple (adjusted for size and gross margin).
springfield timber kit systems limited Estimated Valuation
Pomanda estimates the enterprise value of SPRINGFIELD TIMBER KIT SYSTEMS LIMITED at £348k based on Net Assets of £224.8k and 1.55x industry multiple (adjusted for liquidity).
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Springfield Timber Kit Systems Limited Overview
Springfield Timber Kit Systems Limited is a live company located in elgin, IV30 6GR with a Companies House number of SC610463. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in October 2018, it's largest shareholder is springfield properties plc with a 100% stake. Springfield Timber Kit Systems Limited is a young, small sized company, Pomanda has estimated its turnover at £3.5m with unknown growth in recent years.
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Springfield Timber Kit Systems Limited Health Check
Pomanda's financial health check has awarded Springfield Timber Kit Systems Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
7 Weak
Size
annual sales of £3.5m, make it smaller than the average company (£10.2m)
£3.5m - Springfield Timber Kit Systems Limited
£10.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Springfield Timber Kit Systems Limited
- - Industry AVG
Production
with a gross margin of 24.4%, this company has a lower cost of product (15.7%)
24.4% - Springfield Timber Kit Systems Limited
15.7% - Industry AVG
Profitability
an operating margin of 9% make it more profitable than the average company (4.2%)
9% - Springfield Timber Kit Systems Limited
4.2% - Industry AVG
Employees
with 19 employees, this is below the industry average (28)
19 - Springfield Timber Kit Systems Limited
28 - Industry AVG
Pay Structure
on an average salary of £27.9k, the company has a lower pay structure (£52.7k)
£27.9k - Springfield Timber Kit Systems Limited
£52.7k - Industry AVG
Efficiency
resulting in sales per employee of £182.1k, this is less efficient (£344.1k)
£182.1k - Springfield Timber Kit Systems Limited
£344.1k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (45 days)
8 days - Springfield Timber Kit Systems Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (40 days)
18 days - Springfield Timber Kit Systems Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 37 days, this is more than average (20 days)
37 days - Springfield Timber Kit Systems Limited
20 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (22 weeks)
8 weeks - Springfield Timber Kit Systems Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.1%, this is a higher level of debt than the average (67.4%)
88.1% - Springfield Timber Kit Systems Limited
67.4% - Industry AVG
SPRINGFIELD TIMBER KIT SYSTEMS LIMITED financials
Springfield Timber Kit Systems Limited's latest turnover from May 2023 is £3.5 million and the company has net assets of £224.8 thousand. According to their latest financial statements, Springfield Timber Kit Systems Limited has 19 employees and maintains cash reserves of £67.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | |
|---|---|---|---|---|---|
| Turnover | 3,460,554 | ||||
| Other Income Or Grants | |||||
| Cost Of Sales | 2,616,335 | ||||
| Gross Profit | 844,219 | ||||
| Admin Expenses | 532,359 | ||||
| Operating Profit | 311,860 | ||||
| Interest Payable | 85,072 | ||||
| Interest Receivable | |||||
| Pre-Tax Profit | 226,788 | ||||
| Tax | -2,063 | ||||
| Profit After Tax | 224,725 | ||||
| Dividends Paid | |||||
| Retained Profit | 224,725 | ||||
| Employee Costs | 530,641 | ||||
| Number Of Employees | 19 | ||||
| EBITDA* | 323,136 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 1,334,634 | ||||
| Intangible Assets | |||||
| Investments & Other | 100 | ||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 1,334,634 | 100 | |||
| Stock & work in progress | 268,088 | ||||
| Trade Debtors | 76,615 | ||||
| Group Debtors | 98,305 | ||||
| Misc Debtors | 37,293 | 100 | 100 | ||
| Cash | 67,283 | ||||
| misc current assets | |||||
| total current assets | 547,584 | 100 | 100 | ||
| total assets | 1,882,218 | 100 | 100 | 100 | |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 131,246 | ||||
| Group/Directors Accounts | 126,801 | ||||
| other short term finances | |||||
| hp & lease commitments | 114,026 | ||||
| other current liabilities | 41,587 | ||||
| total current liabilities | 413,660 | ||||
| loans | |||||
| hp & lease commitments | 1,241,670 | ||||
| Accruals and Deferred Income | |||||
| other liabilities | |||||
| provisions | 2,063 | ||||
| total long term liabilities | 1,243,733 | ||||
| total liabilities | 1,657,393 | ||||
| net assets | 224,825 | 100 | 100 | 100 | |
| total shareholders funds | 224,825 | 100 | 100 | 100 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 311,860 | ||||
| Depreciation | 11,276 | ||||
| Amortisation | |||||
| Tax | -2,063 | ||||
| Stock | 268,088 | ||||
| Debtors | 212,113 | 100 | |||
| Creditors | 131,246 | ||||
| Accruals and Deferred Income | 41,587 | ||||
| Deferred Taxes & Provisions | 2,063 | ||||
| Cash flow from operations | 15,768 | -100 | |||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | -100 | 100 | |||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | 126,801 | ||||
| Other Short Term Loans | |||||
| Long term loans | |||||
| Hire Purchase and Lease Commitments | 1,355,696 | ||||
| other long term liabilities | |||||
| share issue | |||||
| interest | -85,072 | ||||
| cash flow from financing | 1,397,425 | ||||
| cash and cash equivalents | |||||
| cash | 67,283 | ||||
| overdraft | |||||
| change in cash | 67,283 |
springfield timber kit systems limited Credit Report and Business Information
Springfield Timber Kit Systems Limited Competitor Analysis
Perform a competitor analysis for springfield timber kit systems limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in IV30 area or any other competitors across 12 key performance metrics.
springfield timber kit systems limited Ownership
SPRINGFIELD TIMBER KIT SYSTEMS LIMITED group structure
Springfield Timber Kit Systems Limited has no subsidiary companies.
Ultimate parent company
1 parent
SPRINGFIELD TIMBER KIT SYSTEMS LIMITED
SC610463
springfield timber kit systems limited directors
Springfield Timber Kit Systems Limited currently has 4 directors. The longest serving directors include Mr Innes Smith (Oct 2018) and Mr Innes Smith (Oct 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Innes Smith | Scotland | 54 years | Oct 2018 | - | Director |
| Mr Innes Smith | Scotland | 54 years | Oct 2018 | - | Director |
| Mr Alexander Adam | Scotland | 68 years | Oct 2018 | - | Director |
| Mr Iain Logan | Scotland | 51 years | Aug 2023 | - | Director |
P&L
May 2023turnover
3.5m
0%
operating profit
311.9k
0%
gross margin
24.4%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
224.8k
+2247.25%
total assets
1.9m
+18821.18%
cash
67.3k
0%
net assets
Total assets minus all liabilities
Similar Companies
springfield timber kit systems limited company details
company number
SC610463
Type
Private limited with Share Capital
industry
41201 - Construction of commercial buildings
incorporation date
October 2018
age
7
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
May 2023
previous names
sp sub 2018 limited (July 2022)
accountant
-
auditor
BDO LLP
address
alexander fleming house, 8 southfield drive, elgin, morayshire, IV30 6GR
Bank
-
Legal Advisor
KERR STIRLING LLP PINSENT MASONS LLP
springfield timber kit systems 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 springfield timber kit systems limited. Currently there are 1 open charges and 0 have been satisfied in the past.
springfield timber kit systems 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 SPRINGFIELD TIMBER KIT SYSTEMS LIMITED. This can take several minutes, an email will notify you when this has completed.
springfield timber kit systems limited Companies House Filings - See Documents
| date | description | view/download |
|---|
