Findaspare Ltd

Findaspare Ltd is a small, active company based in Swindon, UK, established eight years ago in December 2016. It employs eight people and holds £403,712 in assets, operating from a real address and managed by one director and owner. The business runs an e-commerce site specializing in spare parts and accessories for home and garden appliances. It’s a regular importer of electrical machinery and equipment, with recent activity recorded three months ago.

The company’s website, Find A Spare, offers a vast selection of components for vacuums, floorcare, kitchen appliances, and more. It caters to a broad international customer base, offering a wide range of currencies and shipping options. The site’s extensive product catalog and user-friendly search function highlight its commitment to providing a seamless online shopping experience.

Financially, Findaspare Ltd presents a mixed picture. Current assets have seen a significant jump, increasing by 150% to £400,000, which is good news. However, net assets have decreased by 52% to -£290,000, a worrying trend. Bank borrowings have fallen by 38% to £15,000, and cash reserves have also declined by 55% to £3,900. Creditors have increased by 61% to £280,000, which may be linked to the increased inventory levels. The company’s small size—meeting two of three criteria for being small—allows for flexibility, but the drop in equity raises concerns. With no auditor mentioned, the financial information is unaudited.

Overall, Findaspare Ltd seems to be experiencing a period of growth and investment, but it’s important to monitor its equity position closely. The company’s focus on e-commerce and its wide product range suggest potential for continued success, but the financial challenges indicate a need for careful management.

Registered in England/Wales under the registration number 10512635, with a registered address at SN4 0PP, England, Swindon, Unit 9 Butts Road, Chiseldon.

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