Abbey Spuncast Limited

Abbey Spuncast Ltd from West Midlands UK: a small, active company founded 41 years ago, employs 16 people, and holds £6,070,830 in assets. It’s a real address with four directors and two owners, operating as a family business with a solo founder. The company regularly imports and exports copper and copper products – 179 months of imports and 3 months of exports. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company operates in the manufacture of other fabricated metal products, and its registered address is in Willenhall. The business is a regular importer, with its top import category being Copper and copper products, totaling 179 months of imports. The last import operation was conducted on February 01, 2025. It’s also a regular exporter, with its top export categories including Copper and copper products, totaling 3 of months exports. The last export operation took place on February 01, 2025.

Financially, Abbey Spuncast Ltd shows some interesting trends. Cash and cash equivalents increased significantly by 130%, reaching £2,600,000, which is a good sign. However, net assets also increased by 10%, to £6,100,000. Bank borrowings decreased by 31%, suggesting improved financial management. Trade debtors decreased by 26%, which could be a result of quicker payments from customers. However, other creditors increased by 2000%, reaching £160,000, which is a substantial rise and might warrant further investigation. The company’s small size helps it stay agile, but the increase in creditors could be a cause for concern. There’s no auditor mentioned, likely due to the company’s exemption as a small business.

The company’s financial data suggests a mixed picture. While cash reserves are up and debt is down, the sharp rise in creditors could indicate a reliance on short-term financing. It’s possible the company is investing in new equipment or expanding operations, but careful monitoring of its liabilities is essential. The increase in creditors is a bit concerning, and it’s something the directors should keep an eye on.

Registered in England/Wales under the registration number 01812988, with a registered address at WV13 1LB, West Midlands, 21 Stringes Lane, Willenhall.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.