Finnmark Limited

Finnmark Ltd, based in Spennymoor, UK, is a small holding company with an active status, established nine years ago in 2016. Employing eighteen people, the company holds assets totaling £1,158,476 and operates a real address. With six directors and two owners, Finnmark Ltd runs an e-commerce site and regularly imports electrical machinery and equipment (93 months of import activity, latest in February 2025) while also exporting furniture, lighting, and prefabricated buildings (3 months of export activity, latest in November 2024).

The company's website showcases a wide range of sauna-related products and services, from bespoke sauna design and installation to timber supplies and accessories. It caters to both residential and commercial clients, emphasizing authentic Nordic sauna experiences. The site also features a blog with articles on sauna health benefits and a section dedicated to the "Sauna Twins Podcast." It’s clear Finnmark Ltd positions itself as a specialist in the sauna market, offering a comprehensive range of products and expertise.

Financially, Finnmark Ltd presents a mixed picture. Accumulated depreciation on property, plant, and equipment increased by 27% and 41% respectively, while bank borrowings surged by a significant 77%, reaching £200,000. Cash reserves, however, increased by a healthy 87%, rising to £400,000. Creditors also increased, by 39%, to £1,100,000. Despite a decrease in net assets by 7.2%, the company's ability to increase cash reserves is a positive sign. The company meets the criteria to be considered small, with turnover less than £10.2 million, assets under £5.1 million, and fewer than 75 employees. With no auditor mentioned, the financial statements are unaudited.

Overall, Finnmark Ltd seems to be navigating a period of growth and investment, with its e-commerce platform driving activity in the specialized sauna market. The increase in bank borrowings suggests a desire to expand operations, but it’s important to monitor the company’s ability to manage its debt load effectively.

Registered in England/Wales under the registration number 10059268, with a registered address at DL16 6JF, England, Spennymoor, Unit 5 Enterprise City, Meadowfield Avenue.

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