Business Sparks Ltd

Business Sparks Ltd from Bath UK is a small, active company founded 14 years ago in 2011. It employs just one person and holds £452,765 in assets. With two directors and one owner, the company operates from a real address and has been going strong for over a decade.

The company primarily focuses on retail sales through mail order and online channels. Its website, while minimal, directs visitors to the Small Business Commissioner's website, highlighting its commitment to fair payment practices. The site prominently features the Fair Payment Code, a tiered system aimed at driving best practice and improving payment performance for small businesses. The company's focus on supporting fair payment practices suggests a dedication to ethical business operations and a desire to champion the rights of small firms.

Financially, Business Sparks Ltd presents a mixed picture. Current assets decreased slightly to £450,000, while net assets also declined to £390,000. Cash bank on hand dropped significantly by 19% to £85,000, and debtors fell by a substantial 73% to £24,000. Creditors, however, increased by 27% to £66,000. Property, plant, and equipment also experienced a considerable decrease of 48%, down to £8,200. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it's likely exempt from an audit, and the accounts are unaudited.

Overall, Business Sparks Ltd appears to be navigating a period of change. While it maintains a solid foundation and a commitment to fair payment practices, the financial data suggests a need for careful management and a focus on improving cash flow. The decrease in debtors could indicate a shift in payment terms or a temporary slowdown in sales, but it’s hard to say for sure.

Registered in England/Wales under the registration number 07599142, with a registered address at BA2 6HY, Bath, The Summer House, North Road.

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