R.e. Spencer Limited

R.E. Spencer Limited, based in Lichfield, UK, is a small, active family business established fifteen years ago. With 35 employees and £1,532,544 in assets, it operates from a real address and is managed by two directors and owners. The company is an irregular importer, primarily dealing in electrical machinery and equipment, with the last import operation occurring in August 2024. Alongside its import activities, R.E. Spencer Limited provides remediation services and management consultancy, catering to industries like waste management.

The company’s website is currently undergoing maintenance, but it advertises water damage restoration services, indicating a focus on property repair and restoration. The site encourages customers to call or email for enquiries.

Financially, R.E. Spencer Limited presents a mixed picture. While cash reserves have impressively grown by 130% to £1.2 million, current assets have also increased by 77% to £1.5 million. However, net losses deepened from -£10,000 to -£23,000, and bank borrowings surged by 2,400%, reaching £29,000. Trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms, and creditors rose 35% to £34,000. 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. The company has no auditor mentioned (likely exempt as a small company), so the figures rely on unaudited statements.

The increase in average employees during the period, up 29% to 45, suggests expansion, but the financial strain indicates a need for careful management. The company’s focus on remediation and restoration, coupled with its family ownership, suggests a commitment to quality and customer service, but the financial figures warrant close monitoring.

Registered in England/Wales under the registration number 06947521, with a registered address at WS13 8DA, England, Lichfield, Mulroy House Shute Hill, Chorley.

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