Corporate Spec Ltd

Corporate Spec Ltd, based in London, UK, is a small, active company established twelve years ago in 2012. With a single employee and £1,949,696 in assets, it operates from a virtual address shared by many other businesses, a fact that raises some questions. Murphy John Paul is both the director and owner of the company. It’s an irregular importer of aluminum and aluminum products, with just two months of import activity recorded, and a regular exporter of furniture, lighting, and prefabricated buildings, with twelve months of export activity.

The company’s website showcases a wide range of refurbished office furniture, positioning itself as the UK’s largest buyer and seller of branded items like Herman Miller and Vitra. It’s a B2B operation, selling directly to businesses and offering a “circular economy” approach to office furniture. The site’s extensive product categories—from armchairs to standing desks—suggest a comprehensive offering, and the emphasis on “unrivalled quality” and “free mainland UK delivery” aims to attract customers. The company also has a showroom in Leyton, London, accessible by public transport.

Financially, Corporate Spec Ltd presents a mixed picture. While cash reserves dropped by a significant 52% to £1,100,000, trade debtors increased by 110% to £490,000, indicating a potential reliance on customer payments. Net assets, however, increased by 9.1% to £2,000,000. The company's average number of employees jumped dramatically, increasing 1400% to fifteen, which is quite a change. Creditors decreased by 82%, a positive sign of better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain nimble. With no auditor mentioned, the financial statements are unaudited.

Overall, Corporate Spec Ltd seems to be navigating a period of transition. The increase in debtors and employee numbers suggests growth, but the decrease in cash reserves warrants close monitoring. It’s a small company with a big ambition—to be the leading provider of refurbished office furniture in the UK—and its success will depend on its ability to manage its finances and capitalize on the growing demand for sustainable office solutions.

Registered in England/Wales under the registration number 08162568, with a registered address at EC2A 4BA, England, London, 93 Tabernacle Street.

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