Spafax International Limited

Spafax International Ltd from Basingstoke, UK, is a small holding company with an active status, established 46 years ago in 1979. The company employs ten people and holds assets valued at £1,928,547. It has a real address, five directors, and one owner, and enjoys a stellar Google rating of 5.0 based on four reviews. Spafax regularly imports electrical machinery and equipment (88 months) and exports vehicles, parts, and accessories (113 months), demonstrating a focus on international trade.

The company operates as a holding company, overseeing a business focused on automotive safety solutions. Its website showcases a wide range of products, including unbreakable mirrors, lighting systems, and camera systems, catering to various industries like bus, coach, truck, and military defence. The website also highlights a commitment to environmental responsibility, partnering with One Tree Planted to match customer purchases with tree planting initiatives. The company’s history dates back over 80 years, originally supplying consumable commercial vehicle products before evolving into a specialist in safety solutions.

Financially, Spafax International Ltd presents a mixed picture. While cash bank on hand increased by a substantial 28% to £540,000, current assets decreased slightly by 1.9% to £1,900,000. Bank borrowings remained steady, but trade debtors declined by 12%, which could be a positive sign of improved collections. However, accumulated amortisation impairment intangible assets grew by 3%, and the company’s net assets increased by 5.6% to £1,700,000. The company’s small size—meeting two of three conditions for being considered small—allows for flexibility, but the fluctuating debtor figures suggest a need for careful monitoring. As a small company, it's exempt from an audit, so the figures are unaudited. It seems that the company is doing okay, but could benefit from keeping a closer eye on its debtors.

Registered in England/Wales under the registration number 01419291, with a registered address at RG24 8GF, England, Basingstoke, Hampshire, 1 Newton Court, Rankine Road.

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