Company Identification Details
|
Subject Reported on
|
SPENCO ENGINEERING CO. LIMITED
|
|
Registration Number
|
01242155
|
|
Address
|
STATION ROAD, CLYST HONITON, EXETER, DEVON, EX5
2DX.
|
|
Telephone
|
01392369795
|
Creditline Recommendations
|
Monthly Credit Guide
|
GBP 250,000
|
|
Legal Form
|
Private Limited
|
|
Registration Number
|
01242155
|
|
Subject Status
|
Trading
|
|
Date of Incorporation
|
28/01/1976
|
|
Registered Office
|
STATION ROAD, CLYST HONITON, EXETER DEVON, EX5
2DX.
|
|
History
|
31/12/1976 : Change
of name from LEXHUIN LIMITED.
|
|
Date of Last
Annual Return to Registry
|
22/11/2009
|
|
Accounts
|
The last filed accounts at Companies House are those to 31/12/2009
|
|
Accounting
Reference Date
|
31/12
|
|
Activities
|
The manufacture, assembly and distribution of agricultural machinery
spare parts.
|
|
Nace Code
|
2932
|
|
Premises
|
Offices,Factory
|
|
Staff Employed
|
44
|
|
Import Countries
|
EUROPE
|
|
Export Countries
|
ALL OVER THE WORLD
|
|
Bankers
|
LLOYDS TSB BANK PLC
|
|
Address
|
NEW STREET B'HAM (300006).
|
|
Sort Code
|
300006
|
|
Auditors
|
PricewaterhouseCoopers LLP
|
|
Branches
|
CLYST HONITON EXETER, DEVON,
EX5 2DX.
|
|
Date
|
Monthly Credit Guide
|
|
14/08/2010
|
250,000
|
|
14/05/2010
|
250,000
|
|
14/02/2010
|
250,000
|
|
14/11/2009
|
248,000
|
|
14/08/2009
|
250,000
|
Public Record Information
|
Summary of CCJ's/Scottish Decrees
|
|
No CCJs/Scottish Decrees are recorded in
our file.
|
Summary of Mortgages, Charges and
Satisfactions
|
Total Number of Mortgages/Charges Registered
|
3
|
|
Number Outstanding
|
1
|
|
Number Partially Satisfied
|
0
|
|
Number Satisfied
|
2
|
|
|
|
|
Date of Latest Mortgage Created
|
13/03/2006
|
|
Date of Latest Satisfaction
|
23/03/2006
|
Details of most recent Mortgages, Charges
and Satisfactions
|
Date Fully
Satisfied
|
Date
Registered
|
Date
Created
|
Charge
Description
|
Form Type
|
Lender
|
|
|
21/03/2006
|
13/03/2006
|
Composite Guarantee And Debenture
|
395
|
The Royal Bank Of Scotland Plc
|
|
23/03/2006
|
02/05/2000
|
21/04/2000
|
Guarantee Debenture
|
395
|
Royal Bank Of Scotland Plc (As Agent And Trustee)
|
|
26/11/1986
|
|
15/01/1979
|
Guarantee Debenture
|
N/A
|
|
|
It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House.
|
Other Filings and Notices
|
15/07/2009
|
Companies House Gazette
|
Change among directors of a company
|
|
23/10/2008
|
Companies House Gazette
|
Change among directors of a company
|
|
24/06/2008
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
21/09/2007
|
Companies House Gazette
|
Change among directors of a company
|
|
31/08/2007
|
Companies House Gazette
|
Change among directors of a company
|
|
21/08/2007
|
Companies House Gazette
|
Change among directors of a company
|
|
07/06/2006
|
Companies House Gazette
|
Change among directors of a company
|
|
22/04/2006
|
Companies House Gazette
|
Change among directors of a company
|
|
23/03/2006
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
12/08/2005
|
Companies House Gazette
|
Change among directors of a company
|
|
03/06/2000
|
Companies House Gazette
|
Change among directors of a company
|
|
03/05/2000
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
17/12/1999
|
Companies House Gazette
|
Change among directors of a company
|
|
26/09/1996
|
Companies House Gazette
|
Change among directors of a company
|
|
12/09/1996
|
Companies House Gazette
|
Change among directors of a company
|
|
31/03/1990
|
Companies House Gazette
|
Change among directors of a company
|
|
17/04/1989
|
Companies House Gazette
|
Change among directors of a company
|
|
07/10/1988
|
Companies House Gazette
|
Change in the situation of a company's registered office
|
|
27/11/1987
|
Companies House Gazette
|
Certification of registration for plc
|
|
31/10/1987
|
Companies House Gazette
|
Change among directors of a company
|
Company Secretary
|
Secretary
|
DAVID GEORGE BRAY
|
|
Service Address
|
STATION ROAD, CLYST HONITON, EXETER DEVON, EX5
2DX.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
24/11/1950
|
|
Appointment Date
|
13/08/2007
|
|
Other Directorships
|
STANLEY WEST LTD
|
Directors
|
Director
|
MR ALAN THOMAS FLETCHER
|
|
Service Address
|
STATION ROAD, CLYST HONITON, EXETER DEVON, EX5
2DX.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
17/12/1934
|
|
Appointment Date
|
18/04/2000
|
|
Other Directorships
|
GENTECH INTERNATIONAL LIMITED, G O S INVESTMENTS
LIMITED, SHEPHERD CONSTRUCTION LIMITED, VECTOR ENGINEERING
INDUSTRIES LIMITED, ABBOT BROWN & SONS,LIMITED, VECTOR
ENGINEERING & AVIATION LIMITED, ANTIFERENCE
LIMITED, PNEUMATIC COMPONENTS LIMITED, SHEPHERD HOMES
LIMITED, CALUMET PHOTOGRAPHIC LTD, BODDINGTONS TECHNICAL PLASTICS
LIMITED, VECTOR NACO LIMITED, PANKHURST ENGINEERING COMPANY
LIMITED, SHEPHERD BUILDING GROUP LIMITED, VECTOR MERCHANTING
LIMITED, SHEPHERD GROUP PROPERTIES LIMITED, DIEMOULD SERVICE
COMPANY LIMITED, BOWENS INTERNATIONAL LIMITED, VECTOR BUILDING
PRODUCTS LIMITED, TONBRIDGE TOOLS LIMITED, SHEPHERD DEVELOPMENT
COMPANY LIMITED, SPAREX LIMITED, DIHURST HOLDINGS
LIMITED, VECTOR ENGINEERING PRODUCTS LIMITED, M.G. SANDERS
COMPANY LIMITED, CALUMET INTERNATIONAL LIMITED, SIDINGS NO. 5
LIMITED, STYLEX AUTO PRODUCTS LIMITED, SIDINGS NO. 4
LIMITED, SIDINGS NO. 3 LIMITED, plus others.
|
|
Director
|
IAN FISHER
|
|
Service Address
|
STATION ROAD, CLYST HONITON, EXETER DEVON, EX5
2DX.
|
|
Country of Origin
|
ISRAEL
|
|
Date of Birth
|
22/08/1950
|
|
Appointment Date
|
18/04/2000
|
|
Other Directorships
|
RUBICON PARTNERS INDUSTRIES LLP, GENTECH INTERNATIONAL
LIMITED, G O S INVESTMENTS LIMITED, VECTOR ENGINEERING INDUSTRIES
LIMITED, ABBOT BROWN & SONS,LIMITED, VECTOR ENGINEERING &
AVIATION LIMITED, ANTIFERENCE LIMITED, PNEUMATIC COMPONENTS
LIMITED, CALUMET PHOTOGRAPHIC LTD, BODDINGTONS TECHNICAL PLASTICS
LIMITED, VECTOR NACO LIMITED, PANKHURST ENGINEERING COMPANY
LIMITED, VECTOR MERCHANTING LIMITED, DIEMOULD SERVICE COMPANY
LIMITED, BOWENS INTERNATIONAL LIMITED, VECTOR BUILDING PRODUCTS
LIMITED, TONBRIDGE TOOLS LIMITED, SPAREX LIMITED, DIHURST
HOLDINGS LIMITED, VECTOR ENGINEERING PRODUCTS LIMITED, M.G.
SANDERS COMPANY LIMITED, CALUMET INTERNATIONAL LIMITED, SIDINGS
NO. 5 LIMITED, STYLEX AUTO PRODUCTS LIMITED, SIDINGS NO. 4 LIMITED, SIDINGS
NO. 3 LIMITED, SPAREX INTERNATIONAL LIMITED, ELECTRIC MOTOR
DEVELOPMENTS (HALSTEAD) LIMITED, LEEDS PHOTOVISUAL
LIMITED, NETALINE A.D.P. LIMITED, plus others.
|
|
Director
|
ANDREW OLAF FISCHER
|
|
Service Address
|
STATION ROAD, CLYST HONITON, EXETER DEVON, EX5
2DX.
|
|
Country of Origin
|
GERMANY
|
|
Date of Birth
|
24/08/1964
|
|
Appointment Date
|
18/04/2000
|
|
Other Directorships
|
RUBICON PARTNERS INDUSTRIES LLP, GENTECH INTERNATIONAL
LIMITED, G O S INVESTMENTS LIMITED, VECTOR ENGINEERING INDUSTRIES
LIMITED, ABBOT BROWN & SONS,LIMITED, VECTOR ENGINEERING &
AVIATION LIMITED, ANTIFERENCE LIMITED, PNEUMATIC COMPONENTS
LIMITED, CALUMET PHOTOGRAPHIC LTD, BODDINGTONS TECHNICAL PLASTICS
LIMITED, VECTOR NACO LIMITED, PANKHURST ENGINEERING COMPANY
LIMITED, VECTOR MERCHANTING LIMITED, DIEMOULD SERVICE COMPANY
LIMITED, BOWENS INTERNATIONAL LIMITED, VECTOR BUILDING PRODUCTS
LIMITED, TONBRIDGE TOOLS LIMITED, SPAREX LIMITED, DIHURST
HOLDINGS LIMITED, VECTOR ENGINEERING PRODUCTS LIMITED, M.G.
SANDERS COMPANY LIMITED, CALUMET INTERNATIONAL LIMITED, SIDINGS
NO. 5 LIMITED, SIDINGS NO. 4 LIMITED, SIDINGS NO. 3
LIMITED, SPAREX INTERNATIONAL LIMITED, ELECTRIC MOTOR
DEVELOPMENTS (HALSTEAD) LIMITED, LEEDS PHOTOVISUAL
LIMITED, NETALINE A.D.P. LIMITED, PNEUMATIC COMPONENTS (HOLDINGS)
LIMITED, plus others.
|
|
Director
|
PIERRE NADEAU
|
|
Service Address
|
STATION ROAD, CLYST HONITON, EXETER DEVON, EX5
2DX.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
18/10/1962
|
|
Appointment Date
|
22/02/2006
|
|
Other Directorships
|
SPAREX LIMITED, SPAREX INTERNATIONAL LIMITED
|
|
Director
|
STEPHEN BRIAN POTTER
|
|
Service Address
|
STATION ROAD, CLYST HONITON, EXETER DEVON, EX5
2DX.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
30/01/1959
|
|
Appointment Date
|
22/02/2006
|
|
Other Directorships
|
SPAREX LIMITED, SPAREX INTERNATIONAL LIMITED
|
|
Director
|
MR JONATHAN CHARLES RICHARDSON
|
|
Service Address
|
STATION ROAD, CLYST HONITON, EXETER DEVON, EX5
2DX.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
05/11/1960
|
|
Appointment Date
|
09/08/2005
|
|
Other Directorships
|
GENTECH INTERNATIONAL LIMITED, G O S INVESTMENTS
LIMITED, VECTOR ENGINEERING INDUSTRIES LIMITED, ABBOT BROWN &
SONS,LIMITED, VECTOR ENGINEERING & AVIATION
LIMITED, ANTIFERENCE LIMITED, PNEUMATIC COMPONENTS
LIMITED, CALUMET PHOTOGRAPHIC LTD, BODDINGTONS TECHNICAL PLASTICS
LIMITED, VECTOR NACO LIMITED, PANKHURST ENGINEERING COMPANY
LIMITED, VECTOR MERCHANTING LIMITED, DIEMOULD SERVICE COMPANY
LIMITED, BOWENS INTERNATIONAL LIMITED, VECTOR BUILDING PRODUCTS
LIMITED, TONBRIDGE TOOLS LIMITED, SPAREX LIMITED, DIHURST
HOLDINGS LIMITED, VECTOR ENGINEERING PRODUCTS LIMITED, M.G. SANDERS
COMPANY LIMITED, CALUMET INTERNATIONAL LIMITED, SIDINGS NO. 5
LIMITED, STYLEX AUTO PRODUCTS LIMITED, SIDINGS NO. 4
LIMITED, SIDINGS NO. 3 LIMITED, SPAREX INTERNATIONAL
LIMITED, ELECTRIC MOTOR DEVELOPMENTS (HALSTEAD) LIMITED, LEEDS
PHOTOVISUAL LIMITED, NETALINE A.D.P. LIMITED, PNEUMATIC
COMPONENTS (HOLDINGS) LIMITED, plus others.
|
|
Accountant
|
DAVID GEORGE BRAY
|
|
Service Address
|
STATION ROAD, CLYST HONITON, EXETER DEVON, EX5
2DX.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
24/11/1950
|
|
Appointment Date
|
13/08/2007
|
|
Other Directorships
|
STANLEY WEST LTD
|
|
Sales Director
|
IAN MCLELLAND
|
|
Service Address
|
STATION ROAD, CLYST HONITON, EXETER DEVON, EX5
2DX.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
12/10/1945
|
|
Appointment Date
|
13/08/2007
|
|
Director
|
MR GARY LOMAS
|
|
Service Address
|
STATION ROAD, CLYST HONITON, EXETER DEVON, EX5
2DX.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
20/07/1953
|
|
Appointment Date
|
01/10/2008
|
Share Capital
|
Shares
|
Ordinary GBP 1.00
|
|
Issued Number
|
10,000
|
|
Principal Shareholder
|
9,999 Sparex Ltd
|
|
|
1 Sparex International Ltd
|
|
The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type.
|
|
Holding Company
|
SPAREX LIMITED
|
|
Ultimate Parent
|
RUBICON PARTNERS INDUSTRIES LLP
|
Financial Data– Statutory Accounts
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
31/12/2006
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
SALES
|
3066
|
3939
|
3443
|
3384
|
|
Wages and Salaries
|
945
|
1139
|
979
|
1020
|
|
Directors Emoluments
|
156
|
142
|
200
|
129
|
|
Auditors Fees
|
9
|
9
|
8
|
8
|
|
Trading Profit
|
(28)
|
394
|
239
|
232
|
|
Depreciation
|
18
|
27
|
43
|
57
|
|
OPERATING PROFIT
|
(46)
|
367
|
196
|
175
|
|
Non Trading Income
|
248
|
272
|
226
|
164
|
|
PRE TAX PROFIT
|
202
|
639
|
422
|
339
|
|
Taxation
|
56
|
189
|
83
|
48
|
|
PROFIT AFTER TAX
|
146
|
450
|
339
|
291
|
|
RETAINED PROFITS
|
146
|
450
|
339
|
291
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
31/12/2006
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
TOTAL FIXED ASSETS
|
140
|
120
|
139
|
176
|
|
Tangible Assets
|
140
|
120
|
139
|
176
|
|
Fixed Assets
|
140
|
120
|
139
|
176
|
|
TOTAL CURRENT ASSETS
|
4491
|
4879
|
4154
|
3705
|
|
Trade debtors
|
495
|
634
|
635
|
638
|
|
Stocks
|
668
|
890
|
690
|
714
|
|
Other Current Assets
|
3328
|
3355
|
2829
|
2353
|
|
Misc Current Assets
|
49
|
64
|
65
|
70
|
|
Due From Group
|
3211
|
3243
|
2737
|
2186
|
|
Cash
|
68
|
48
|
27
|
97
|
|
TOTAL ASSETS
|
4631
|
4999
|
4293
|
3881
|
|
TOTAL CURRENT LIABILITIES
|
348
|
862
|
606
|
533
|
|
Trade creditors
|
139
|
323
|
220
|
252
|
|
Short Term Loans
|
5
|
11
|
12
|
25
|
|
Due To Group
|
5
|
11
|
12
|
25
|
|
Other Liabilities
|
204
|
528
|
374
|
256
|
|
WORKING CAPITAL
|
4143
|
4017
|
3548
|
3172
|
|
NET ASSETS/(LIABILITIES)
|
4283
|
4137
|
3687
|
3348
|
|
SHARE CAPITAL + RESERVES
|
4283
|
4137
|
3687
|
3348
|
|
Share Cap + Sundry Res
|
10
|
10
|
10
|
10
|
|
Issued Share Capital
|
10
|
10
|
10
|
10
|
|
Profit and Loss account
|
4273
|
4127
|
3677
|
3338
|
|
SHAREHOLDERS FUNDS
|
4283
|
4137
|
3687
|
3348
|
|
CAPITAL EMPLOYED
|
4283
|
4137
|
3687
|
3348
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
31/12/2006
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
Directors Remuneration
|
156
|
142
|
200
|
129
|
|
Auditors Remuneration
|
9
|
9
|
8
|
8
|
|
Liquid Assets
|
563
|
682
|
662
|
735
|
|
Net Working Capital
|
4143
|
4017
|
3548
|
3172
|
|
Other Deferred Liabs
|
|
|
|
|
|
Tangible Net Worth(T.N.W)
|
4283
|
4137
|
3687
|
3348
|
|
Equity
|
4283
|
4137
|
3687
|
3348
|
|
Number of Years Trading
|
33
|
32
|
31
|
30
|
|
Number of Employees
|
44
|
52
|
49
|
57
|
|
Profit per Employee
|
4590.9
|
12288.5
|
8612.2
|
5947.4
|
|
Sales per Employee
|
69681.8
|
75750
|
70265.3
|
59368.4
|
|
The following figures are shown as Ratios or Percentages
|
|
Accounts Date
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
31/12/2006
|
|
Current Ratio
|
12.9
|
5.7
|
6.9
|
7
|
|
Pre Tax Profit Margin%
|
6.6
|
16.2
|
12.3
|
10
|
|
Debtors Days (D.S.O)
|
59
|
59
|
67
|
69
|
|
Creditors Days (D.P.O)
|
17
|
30
|
23
|
27
|
|
Quick Ratio
|
11
|
4.6
|
5.7
|
5.6
|
|
Return on Investment%
|
4.7
|
15.4
|
11.4
|
10.1
|
|
Return on Assets%
|
4.4
|
12.8
|
9.8
|
8.7
|
|
T.N.W/Total Assets%
|
92.5
|
82.8
|
85.9
|
86.3
|
|
Return on Capital%
|
4.7
|
15.4
|
11.4
|
10.1
|
|
Rtn on Shareholders Funds%
|
4.7
|
15.4
|
11.4
|
10.1
|
|
Working Capital/Sales%
|
135.1
|
102
|
103
|
93.7
|
|
Borrowing Ratio%
|
0.1
|
0.3
|
0.3
|
0.7
|
|
Equity Gearing%
|
1230.7
|
479.9
|
608.4
|
628.1
|
|
Stock Turnover
|
4.6
|
4.4
|
5
|
4.7
|
|
Sales/Fixed Assets
|
21.9
|
32.8
|
24.8
|
19.2
|
Key Industry Sector Trends
|
Year
|
2009
|
2008
|
2007
|
2006
|
|
Sample Size
|
216
|
302
|
312
|
315
|
|
Pre-Tax Profit Margin
|
10
|
6.5
|
7.7
|
5.5
|
|
Current Ratio
|
2
|
1.9
|
1.9
|
2.1
|
|
Borrowing Ratio
|
26.1
|
51.1
|
57.5
|
79.4
|
|
Return on Capital
|
21.1
|
17.6
|
18.4
|
8.9
|
|
Creditors Days
|
34
|
45
|
42
|
41
|
|
Above figures relate to companies in 2003 Standard Industry
Classification (Nace) sector : Manufacture of agricultural and forestry
machinery
|
Financial Summary
|
Auditors Qualification
|
|
The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the accounts for the period
ended 31/12/2009.
|
|
Turnover
|
|
Turnover decreased by 22 % and reduced
by 873,000 to GBP 3,066,000.
|
|
Operating Loss
|
|
Totalled GBP 46,000. In the year prior a
Profit of GBP 367,000 was achieved.
|
|
Pre Tax Profit
|
|
The subject's profit decreased by 68 %
over the previous year.
|
|
Working Capital
|
|
The subject's working capital has
improved by 126,000 in the period.
|
|
Fixed Assets
|
|
The subject's fixed assets increased
during the year by GBP 20,000 to GBP 140,000 and are now 3 % of total
assets compared with 2 % in the previous year.
|
|
