Ispy Services Limited

Ispy Services Limited, based in Southend-On-Sea, UK, is a small, holding company with an active status. Founded eight years ago in May 2017, it employs eighteen people and operates from a real address shared by three other companies. The company, a family business with a stellar 5.0 Google rating from 105 reviews, is run by two directors and three owners, with ownership details changing a year ago.

The company’s core business involves other business support service activities, and it’s a regular importer, with Machinery, boilers, and mechanical appliances; parts being its top import category, last imported four months ago. It also operates a coffee vending machine business.

Financially, Ispy Services Limited shows a mixed picture. Accumulated depreciation increased by 30% to £10,000, while bank borrowings decreased by 25% to £90,000. Cash reserves remain steady at -£150,000. Creditors rose significantly by 68% to £540,000, and debtors increased by 51% to £730,000. Equity increased by 59% to £90,000. Despite a decrease in the average number of employees by 5.6%, the company’s net assets also increased by 59% to £90,000. The company is classified as small, meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit.

While the increase in debtors suggests growing sales, the rise in creditors and stable cash position could indicate a need for careful cash flow management. The company’s reliance on imports, while providing access to specialized equipment, also exposes it to currency fluctuations and supply chain disruptions.

Registered in England/Wales under the registration number 10763190, with a registered address at SS1 2BB, England, Southend-On-Sea, Essex, 5th Floor Dencora Court, Tylers Avenue.

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