seaspray properties limited
seaspray properties limited Company Information
Company Number
SC624295
Next Accounts
Sep 2025
Industry
Buying and selling of own real estate
Shareholders
united wholesale (scotland) limited
Group Structure
View All
Contact
Registered Address
110 easter queenslie road, glasgow, G33 4UL
Website
https://www.uniteduk.comseaspray properties limited Estimated Valuation
Pomanda estimates the enterprise value of SEASPRAY PROPERTIES LIMITED at £71.2k based on a Turnover of £37.2k and 1.91x industry multiple (adjusted for size and gross margin).
seaspray properties limited Estimated Valuation
Pomanda estimates the enterprise value of SEASPRAY PROPERTIES LIMITED at £50.8k based on an EBITDA of £11.6k and a 4.36x industry multiple (adjusted for size and gross margin).
seaspray properties limited Estimated Valuation
Pomanda estimates the enterprise value of SEASPRAY PROPERTIES LIMITED at £0 based on Net Assets of £-5.4k and 1.61x industry multiple (adjusted for liquidity).
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Seaspray Properties Limited Overview
Seaspray Properties Limited is a live company located in glasgow, G33 4UL with a Companies House number of SC624295. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in March 2019, it's largest shareholder is united wholesale (scotland) limited with a 100% stake. Seaspray Properties Limited is a young, micro sized company, Pomanda has estimated its turnover at £37.2k with rapid growth in recent years.
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Seaspray Properties Limited Health Check
Pomanda's financial health check has awarded Seaspray Properties Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
9 Weak
Size
annual sales of £37.2k, make it smaller than the average company (£934k)
- Seaspray Properties Limited
£934k - Industry AVG
Growth
3 year (CAGR) sales growth of 38%, show it is growing at a faster rate (2.8%)
- Seaspray Properties Limited
2.8% - Industry AVG
Production
with a gross margin of 27.8%, this company has a higher cost of product (71%)
- Seaspray Properties Limited
71% - Industry AVG
Profitability
an operating margin of 28.2% make it as profitable than the average company (24.7%)
- Seaspray Properties Limited
24.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Seaspray Properties Limited
4 - Industry AVG
Pay Structure
on an average salary of £38.7k, the company has an equivalent pay structure (£38.7k)
- Seaspray Properties Limited
£38.7k - Industry AVG
Efficiency
resulting in sales per employee of £37.2k, this is less efficient (£191k)
- Seaspray Properties Limited
£191k - Industry AVG
Debtor Days
it gets paid by customers after 77 days, this is later than average (24 days)
- Seaspray Properties Limited
24 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (33 days)
- Seaspray Properties Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 6823 days, this is more than average (386 days)
- Seaspray Properties Limited
386 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - Seaspray Properties Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 101%, this is a higher level of debt than the average (62.7%)
101% - Seaspray Properties Limited
62.7% - Industry AVG
SEASPRAY PROPERTIES LIMITED financials
Seaspray Properties Limited's latest turnover from December 2023 is estimated at £37.2 thousand and the company has net assets of -£5.4 thousand. According to their latest financial statements, Seaspray Properties Limited has 1 employee and maintains cash reserves of £8.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Turnover | 20,940 | 14,055 | 7,700 | ||
| Other Income Or Grants | 0 | ||||
| Cost Of Sales | 0 | ||||
| Gross Profit | 7,700 | ||||
| Admin Expenses | 1,017 | ||||
| Operating Profit | 6,683 | ||||
| Interest Payable | 0 | 0 | 0 | ||
| Interest Receivable | 0 | 0 | 0 | ||
| Pre-Tax Profit | 12,842 | -41,720 | 6,683 | ||
| Tax | 0 | 218 | -1,270 | ||
| Profit After Tax | 12,842 | -41,502 | 5,413 | ||
| Dividends Paid | 0 | 0 | 0 | ||
| Retained Profit | 12,842 | -41,502 | 5,413 | ||
| Employee Costs | |||||
| Number Of Employees | 1 | 1 | 1 | 1 | 1 |
| EBITDA* | 6,683 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 1,987 | 3,123 | 4,968 | 5,538 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,987 | 3,123 | 4,968 | 5,538 | 0 |
| Stock & work in progress | 502,847 | 502,847 | 502,847 | 502,847 | 302,382 |
| Trade Debtors | 7,928 | 5,167 | 1,963 | 2,828 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 624 | 974 | 3,583 | 3,995 | 223 |
| Cash | 8,554 | 5,653 | 14,309 | 297 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 519,953 | 514,641 | 522,702 | 509,967 | 302,605 |
| total assets | 521,940 | 517,764 | 527,670 | 515,505 | 302,605 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 156 | 3,434 | 3,495 | 2,197 | 121 |
| Group/Directors Accounts | 519,858 | 519,858 | 539,858 | 540,016 | 295,596 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 6,305 | 7,008 | 6,412 | 8,229 | 1,375 |
| total current liabilities | 526,319 | 530,300 | 549,765 | 550,442 | 297,092 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,052 | 1,052 | 1,052 | 1,052 | 0 |
| total long term liabilities | 1,052 | 1,052 | 1,052 | 1,052 | 0 |
| total liabilities | 527,371 | 531,352 | 550,817 | 551,494 | 297,092 |
| net assets | -5,431 | -13,588 | -23,147 | -35,989 | 5,513 |
| total shareholders funds | -5,431 | -13,588 | -23,147 | -35,989 | 5,513 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 6,683 | ||||
| Depreciation | 1,136 | 1,845 | 570 | 143 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 218 | -1,270 | ||
| Stock | 0 | 0 | 0 | 200,465 | 302,382 |
| Debtors | 2,411 | 595 | -1,277 | 6,600 | 223 |
| Creditors | -3,278 | -61 | 1,298 | 2,076 | 121 |
| Accruals and Deferred Income | -703 | 596 | -1,817 | 6,854 | 1,375 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 1,052 | 0 |
| Cash flow from operations | -295,696 | ||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -20,000 | -158 | 244,420 | 295,596 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | 0 | 0 | 0 | ||
| cash flow from financing | -158 | 244,420 | 295,696 | ||
| cash and cash equivalents | |||||
| cash | 2,901 | -8,656 | 14,012 | 297 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,901 | -8,656 | 14,012 | 297 | 0 |
seaspray properties limited Credit Report and Business Information
Seaspray Properties Limited Competitor Analysis
Perform a competitor analysis for seaspray properties limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in G33 area or any other competitors across 12 key performance metrics.
seaspray properties limited Ownership
SEASPRAY PROPERTIES LIMITED group structure
Seaspray Properties Limited has no subsidiary companies.
Ultimate parent company
1 parent
SEASPRAY PROPERTIES LIMITED
SC624295
seaspray properties limited directors
Seaspray Properties Limited currently has 2 directors. The longest serving directors include Mr Asim Sarwar (May 2022) and Mr Asim Sarwar (May 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Asim Sarwar | Scotland | 42 years | May 2022 | - | Director |
| Mr Asim Sarwar | Scotland | 42 years | May 2022 | - | Director |
P&L
December 2023turnover
37.2k
+23%
operating profit
10.5k
0%
gross margin
27.8%
-0.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-5.4k
-0.6%
total assets
521.9k
+0.01%
cash
8.6k
+0.51%
net assets
Total assets minus all liabilities
seaspray properties limited company details
company number
SC624295
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
March 2019
age
5
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
N/A
accountant
WBG SERVICES LLP
auditor
-
address
110 easter queenslie road, glasgow, G33 4UL
Bank
-
Legal Advisor
-
seaspray properties 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 seaspray properties limited.
seaspray properties 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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seaspray properties limited Companies House Filings - See Documents
| date | description | view/download |
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