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1spatial group ltd
Registration Number
04785688Incorporation Date
03/06/2003Last Annual Return
Not availableAddress
Unit F7, Stirling House, Cambridge Innovation Park, Cambridge, Cambridgeshire. CB25 9PB
Website
www.1spatial.comAudit Fees
£36,000Secretary
Ms Susan Wallace
Directors
Active
Ms Claire Milverton (51 yrs)
Active
Mr Stuart William Ritchie (45 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Jan-21 | 31-Jan-22 | 31-Jan-23 | 31-Jan-24 | 29-Jan-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 8625 | 10334 | 12304 | 13783 | 15771 |
| Directors Fees | 117 | 113 | 129 | 59 | 71 |
| Gross Profits | 4380 | 5209 | 6364 | 7826 | 8955 |
| Value Added | 5693 | 6990 | 9759 | 10500 | 11328 |
| Trading Profit | 332 | 1327 | 2285 | 2857 | 3378 |
| Depreciation | 371 | 356 | 358 | 52 | |
| Non-Trading Income | 1 | 0 | 3 | 8 | 0 |
| Total Interest Charges | 63 | 51 | 25 | 38 | 46 |
| Pre-tax Profit | -101 | 920 | 1905 | 2775 | 3270 |
| Retained Profit (Shareholders Funds) | 174 | 950 | 1873 | 2427 | 1665 |
| Fixed Assets | 1277 | 975 | 698 | 55 | 66 |
| Intangibles | 3161 | 3633 | 4902 | 7134 | 8561 |
| Intermediate Assets | 446 | 446 | 446 | 446 | 535 |
| Stocks | 0 | 0 | 0 | 0 | 0 |
| Debtors | 711 | 997 | 799 | 572 | 655 |
| Cash or Equivalent | 7536 | 9142 | 10679 | 9351 | 7394 |
| Total Current Assets | 8247 | 10139 | 11478 | 9923 | 8049 |
| Creditors | 515 | 838 | 1329 | 948 | 1247 |
| Short Term Borrowing | 5125 | 5743 | 4293 | 3331 | 0 |
| Other Current Liabilities | 3502 | 3558 | 5159 | 4022 | 4826 |
| Total Current Liabilities | 9142 | 10139 | 10781 | 8301 | 6073 |
| Net Current Assets | -895 | 0 | 697 | 1622 | 1976 |
| Shareholders Funds | 2919 | 3869 | 5742 | 8169 | 9834 |
| Total Loan Capital | 872 | 642 | 300 | 0 | 0 |
| Other Capital Employed | 199 | 543 | 700 | 1087 | 1304 |
| Total Capital Employed | 3990 | 5054 | 6742 | 9256 | 11138 |
| Pretax Profit Margin % | -1.17 | 8.9 | 15.48 | 20.13 | 20.73 |
| Sales Growth % | -4 | 20 | 19 | 12 | 14 |
| Pretax Profit Growth % | 58 | 1011 | 107 | 46 | 17.84 |
| Debtor Ratio Days | 30 | 35 | 24 | 15 | 15.1061452513966 |
| Creditor Ratio Days | 22 | 30 | 39 | 25 | 28.791467750127 |
| Stock Turnover | NA | NA | NA | NA | NA |
| Sales £000 / Employee | 95 | 103 | 99 | 109 | 120.327777777778 |
| Value Added £000/Empl. | 63 | 70 | 79 | 83 | 86.4283184308187 |
| Av. Remun. £000 / Empl. | 59 | 57 | 60 | 61 | 60.6587301587302 |
| Total Empl. Remu. £000 | 5361 | 5663 | 7474 | 7643 | 7950.4276805769 |
| Employees | 91 | 100 | 124 | 126 | 131.068152263861 |
| Pretax Profit/Total Assets % | -1 | 6 | 11 | 16 | 19 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, in line with the industry average.
- Total Sales have increased by 12.0% in the latest year, well above the industry average of 4.7%.
- Gross Profit Margin is 56.8% in the latest year, well above the industry average of 46.9%.
- The average salary is £61,000 which is well above the industry average of £51,000.
- Exports contribute 13% towards the Total Sales of the company.
- Pretax Profit Margin is 20.1% in the latest year, well above the industry average of 6.1%.
- Pretax Profit Margin has markedly improved from 15.5% to 20.1% in the latest year.
- The formal debt of the company is high, representing 24% of Total Sales.
- Formal debt of the company has decreased by £1.3m, a fall of 27%.
- The Trading Stability chart shows a well below average sales return on total assets in the latest year
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 15 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 9 in terms of Value Added.
- The company is among the Top 35 in terms of Trading Profits.
Company Summary
The company currently has £13.8m sales and made £2.8m, by following the proposal plan, sales would rise to £15.8m and profits would rise to £3.3m.
Key Attractiveness Features
- ADD £13.8m TO SALES
- FEW DIRECTORS
Acquisition Attractiveness Rating
- Low number of shareholders
- Company is privately owned
- Low number of directors
- Sales growth above the industry average
- Low financial rating
- High gross earnings
- Big difference between current and future value
- Directors fees represent high proportion of profits
- Average age of directors is high
Company Valuation
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Jan-21 | 31-Jan-22 | 31-Jan-23 | 31-Jan-24 | 29-Jan-25 |
| Total Sales (£000) | 8625 | 10334 | 12304 | 13783 | 15771 |
| Pre-tax Profit (£000) | -101 | 920 | 1905 | 2775 | 3270 |
| Total Value (£000) | 5985 | 11471 | 17125 | 22527 | 26752 |
| Asset Value (£000) | 5595 | 6051 | 6845 | 8207 | 9817 |
| Goodwill (£000) | 390 | 5420 | 10280 | 14320 | 16935 |
| Liabilities (£000) | -2677 | -2182 | -1102 | -37 | 17 |
| Equity Value (£000) | 3308 | 9289 | 16023 | 22490 | 26769 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
1SPATIAL HOLDINGS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
AON SPSIL LTD
Acquisition / Valuation Comments
This company has been established 22 years.
The number of shareholders is low (1)
The value of the company has risen in each of the last 2 years.
The value of the company has fluctuated in the last 2 years.
The total value of the company is currently £22.5m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 19% return on total assets.
The company's value would increase by 19% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 40%.
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