Aspel (uk) Ltd

Aspel (UK) Ltd, based in Yeovil, UK, is a small, active company founded six years ago. With three employees and £280,029 in assets, it operates from a virtual address—a point of note as twenty-five companies share the same location. The business is led by two directors and two owners, and boasts a stellar 5.0-star Google rating from ten reviews. Aspel (UK) Ltd regularly imports optical and medical tools and devices, with the most recent import occurring in March 01, 2024.

The company’s website highlights its role as a leading distributor of hot tubs, swim spas, and saunas. It emphasizes over 22 years of industry experience, award-winning service, and a distribution centre strategically located near major transport links. The site offers a wide range of models, accessories, and services, including installation, maintenance, and repairs. It also promotes its partnerships with leading manufacturers and its commitment to customer satisfaction.

Financially, Aspel (UK) Ltd presents a mixed picture. While current assets remained stable at £280,000, net assets decreased by 6.1% to £280,000. Cash bank on hand dropped significantly by 68%, falling to £21,000. Bank borrowings remained steady at £9,800. Trade creditors increased by 860% to £23,000, which might indicate an increase in supplier credit or potential cash flow issues. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity warrants closer attention. The company is exempt from an audit, so the figures are unaudited.

Overall, Aspel (UK) Ltd appears to be navigating a challenging environment. While its reputation for quality products and service is strong, the financial data suggests it's burning through cash and relying on credit.

Registered in England/Wales under the registration number 11955138, with a registered address at BA21 3UL, England, Yeovil, Somerset, 19 Poplar Drive.

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