SPALDINGS LIMITEDActive
Key figures
Ratios
2023Balance sheet structure
Filed accounts2021/22–2023
| 2021/22 | 2023 | |
|---|---|---|
| Turnover | 23,696,000 | 18,522,000 |
| Profit for the year | — | 219,000 |
| Cash at bank and in hand | 116,000 | 1,407,000 |
| Total assets | 19,457,000 | 23,549,000 |
| Total liabilities | 3,985,000 | 8,956,000 |
| Net assets / total equity | 15,472,000 | 14,917,000 |
| Average number of employees | 146 | 130 |
| Average pay (per year) | — | 35,523 |
A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.
Principal activity
Accounts 2023date the business was acquired by Twinings BidCo Limited, a holding company whose principal shareholders are Inspirit Capital of 105 Piccadilly London W1J 7NJ and the executive directors. Review of business The directors consider the three most important key performance indicators to be turnover, gross margin and operating profit. Turnover for the 9-month period was £18.5m (year ended 31 March 2023-£24.7m). Market and climatic conditions were challenging throughout the year with farm incomes improving with high commodity prices, albeit marginally offset by high input costs. Overall turnover increased by 0.78% against the corresponding 9-month period 2023. Gross profit for the 9-month period was £7.9m (year ended 31 March 2023-£9.7m). Improving market share, coupled with supply chain stability, and continued stringent pricing management resulted in an improvement in gross margin levels for the 9-month period 42.9% (year ended 31 March 2023-39.6%). For the 9-month period, EBITDA increased significantly. After financing and other non-trading costs, PBT was £223k. (year ended 31 March 2023-£795k Loss). This report was approved by the board of directors on 7 May 2024 and signed on behalf of the board by:
As described in the company's latest filed accounts.
Summary: SPALDINGS LIMITED
Company
SPALDINGS LIMITED is a private limited company registered with Companies House under company number 01558147. It was incorporated on 24 Apr 1981. Its status is active. The registered office is in Lincoln (LN6). Its nature of business (SIC 2007) is support activities for crop production (01610).
Accounts
The latest accounts in the database are for 2023 (period ending 31 Dec 2023); the company files medium company accounts. Turnover was £18,522,000. Profit for the year was £219,000. Net assets were £14,917,000, down 3.6% on the previous year. Cash at bank and in hand was £1,407,000. Total assets were £23,549,000 and total liabilities £8,956,000. The company had an average of 130 employees. Figures are available for 2 financial years (2021/22–2023).
Control and charges
One person with significant control is registered. 1 of 11 registered charges are outstanding.
Filing deadlines
The next accounts are due by 31 Dec 2026. The next confirmation statement is due by 5 Jul 2027.