Spahaus Limited

Spahaus Limited, based in Pembroke, UK, is a small, active company established 20 years ago. With three employees and £832,517 in assets, it’s a modest operation overseen by three directors and a single owner. The company regularly imports iron or steel products, with 16 months of import activity recorded, the latest in February 2025.

Spahaus Limited operates as a timber merchant, specializing in high-grade wood products sourced from around the world. Its website, Spahaus Timber, showcases a wide range of cladding, decking, and fencing options, including Western Red Cedar, Siberian Larch, and ThermoWood. The company also offers specialized services like charred timber cladding (PermaChar) and piano restoration—a surprising diversification from its core timber business. The website's focus on customer projects and expert advice, along with a direct shipping policy, suggests a strong emphasis on customer service and competitive pricing.

Financially, Spahaus Limited shows a mixed picture. Cash bank on hand increased significantly by 35%, reaching £690,000—a positive sign of liquidity. However, net assets also increased by 26%, reaching £640,000, but this was largely driven by a rise in creditors, which jumped 41% to £190,000. Trade debtors increased by 6.9% to £140,000. 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 remain flexible, but the increase in creditors warrants attention. There’s no mention of an auditor, likely due to the company’s exemption as a small entity, meaning the figures are unaudited.

The diversification into piano restoration, while intriguing, could be a source of additional financial pressure or a strategic move to broaden revenue streams. Overall, Spahaus Limited appears to be navigating a period of growth, but managing its increasing liabilities will be key to its long-term stability.

Registered in England/Wales under the registration number 05272998, with a registered address at SA71 5RD, United Kingdom, Pembroke, Pembs. Wales, Spahaus Spahaus, Ivy Green, Hundleton.

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