Aspire Manufacturing Limited

Aspire Manufacturing Ltd from Barnsley UK is a small, active company founded nine years ago. With 27 employees and £857,479 in assets, it operates from a real address and is overseen by four directors, though no owners are officially listed. It holds a modest Google rating of 2.0 based on three reviews. The company regularly imports furniture, lighting, and prefabricated buildings, with its last import operation recorded seven months ago.

The company's website is currently unavailable, making it difficult to ascertain its exact operations. However, the report indicates it operates in the manufacture of other furniture industries. 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, and employees less than 50.

Financially, Aspire Manufacturing Ltd’s recent performance shows some concerning trends. While the company’s net current assets liabilities decreased by 37%, cash bank on hand dropped dramatically by 93%, falling to just £8,600. Average number of employees during the period increased by 70%, jumping to 46, which could indicate expansion or temporary staffing changes. Creditors decreased by 9.3%, suggesting improved debt management, but equity plummeted 36%, dropping to £300,000. Trade debtors also decreased by 13%, which could be a positive sign of quicker payments. The company’s other remaining borrowings increased by 17%, reaching £220,000.

The company’s financial statements are unaudited, and no auditor is mentioned. The sharp decline in cash reserves and equity, despite a decrease in liabilities, raises questions about its financial health. It's possible the company is investing heavily in growth, but the lack of readily available information makes it difficult to determine the underlying causes. The increase in employees, coupled with the decrease in cash, could indicate a need for additional funding or a need to streamline operations.

Registered in England/Wales under the registration number 10039924, with a registered address at S70 6AF, England, Barnsley, 40a Racecommon Road.

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