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Spaldings Limited

01558147

active
Private Limited Company
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

25-35 SADLER ROAD, LINCOLN, LN6 3XJ
Incorporated 24/04/1981

Compliance

Last accounts

31/12/2024

medium

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 21/06/2025

Due 05/07/2026

On track

Industry

01610
Support activities for crop production

CompanyRankvs 105+ SIC 01610 peers
80

Financial strength100th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.63× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/12/2023

Turnover

£18.5M

Annual revenue

Net Worth

£14.9M

Balance sheet strength

Cash

£1.4M

Cash in the bank

Profit Before Tax

£223k

Bottom line earnings

Net Current Assets

£14.6M

Working capital

Current Assets

£23.5M

Current Liabilities

£9.0M

Fixed Assets

£328k

Debtors

£14.7M

Cost of Sales

£10.6M

Gross Profit

£7.9M

Admin Expenses

£6.4M

Operating Profit

£474k

Profit After Tax

£219k

130avg. employees-3

People Costs

Wages & salaries£4.0M
NI contributions£448k

Balance Sheet

Assets less current liabilities£14.9M
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20232.63+£219k
20232.40—

Derived from filed accounts. Not audited figures.