Halspan Limited

Halspan Ltd, based in Bo'ness, UK, is a holding company with a 26-year history and an active status. Employing 25 people, the company holds assets valued at £7,071,248. With six directors and three owners, Halspan operates from a real address and maintains a Google rating of 4.0 based on four reviews. The company regularly imports wood and wood products (15 months) and exports miscellaneous metal items (99 months).

Halspan’s core business revolves around the manufacture and supply of door components, with a particular focus on fire doors. Their website showcases a range of products, including door blanks, cores, hardware, and seals, catering to sectors like education, healthcare, and commercial construction. They also offer inspection services and a digital asset management system called Halspan Tracker. A separate division, Halspan Technical Services DMCC, operates in the Middle East.

Financially, Halspan Ltd’s recent report reveals some concerning trends. Net losses deepened to -£1.1 million, a significant drop from the previous year. Cash reserves plummeted 47% to £1.4 million, while bank borrowings increased by 120% to £200,000. Creditors rose 18% to £800,000, indicating increased short-term debt. However, assets remained relatively stable at £7,071,000. 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 stay agile, but the sharp equity drop raises questions. No auditor is mentioned, likely exempt as a small company, so the figures rely on unaudited statements.

The increase in borrowings and decline in cash reserves suggest Halspan may be facing financial pressures, possibly related to increased operating costs or slowing sales. However, the company's established brand, diverse product range, and commitment to quality door components position it well to weather these challenges. The company's continued focus on innovation, such as the Halspan Tracker system, could also drive future growth.

Registered in Scotland under the registration number SC194458, with a registered address at EH51 9SS, Scotland, Bo'Ness, West Lothian, Muirhouses.

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