Espar Ltd

Espar Ltd, based in Plymouth, UK, is a small, family-run business with an active status, having been incorporated fourteen years ago in January 2011. Employing just six people, the company holds £930,760 in assets and operates from a real address. With two directors and two owners, it’s a tight-knit operation. The company regularly imports machinery, boilers, and mechanical appliances—parts, with 6 months of import activity recorded, the last in December 2024. It also exports electrical machinery and equipment, though irregularly, with just 2 months of export activity, again last recorded in December 2024.

Espar Ltd specializes in the repair and maintenance of ships and boats, offering expertise in Eberspacher and Ardic heating and water products. The company is a distributor of Eberspacher diesel fired heating systems and the sole UK agent for Dirna Minicool air conditioning and Bycool evaporative coolers. It also holds stock of Ardic spare parts and offers diagnostics for various heater makes, including Brano and Wallas. The company operates an e-commerce site, offering a range of heating, cooling, and cooking equipment.

Financially, Espar Ltd shows a mixed picture. Current assets increased slightly to £930,000, while net assets increased to £640,000. Cash reserves grew to £180,000, a positive sign. However, bank borrowings increased to £29,000. Trade debtors decreased, suggesting better collection efforts. Creditors also decreased, indicating improved 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) helps it remain agile, but the increase in bank borrowings warrants attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s focus on specialized heating and cooling solutions, combined with its family-run nature, suggests a business built on expertise and personal service. Whether it can sustain growth while managing its finances effectively remains to be seen.

Registered in England/Wales under the registration number 07491963, with a registered address at PL9 7HJ, England, Plymouth, Breakwater Road, Plymstock.

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