Silver Spirits Limited

Silver Spirits Limited, based in Leicester, UK, is a small, active company that’s been around for 31 years. With just three employees and £95,969 in assets, it operates from a real address and is managed by three directors and two owners. The company runs an e-commerce site and regularly imports textile products, clothing, and rags—the latest import activity was recorded in October 2024. It’s also involved in the agents involved in the sale of textiles, clothing, fur, footwear and leather goods industries.

While small, Silver Spirits Limited has a long history, and the presence of an e-commerce site suggests a modern approach to sales. The import activity indicates a sourcing strategy, likely focused on cost-effective materials for its textile-related operations.

Financially, the company’s numbers present a mixed picture. Cash bank on hand increased significantly by 91% to £14,000, which is a positive sign. However, net assets decreased by 16% to -£130,000, and liabilities increased, suggesting the company may be burning through cash to maintain operations. Average number of employees increased by 33% to four, which could be a sign of growth, but also increased costs. Trade debtors increased by 11%, which might indicate delayed customer payments. The company meets the criteria to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Silver Spirits Limited seems to be navigating a challenging financial landscape. The increase in cash is encouraging, but the decline in net assets warrants close monitoring. It's likely that the company is relying on its established presence and e-commerce platform to sustain its operations.

Registered in England/Wales under the registration number 02865670, with a registered address at LE7 9AE, Leicester, Leicestershire, 38 Church Street, Billesdon.

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