Spalding Fasteners Limited

Spalding Fasteners Ltd, based in Lincoln, UK, is a small, active company founded six years ago in 2018. With eleven employees and £281,132 in assets, it’s a modest operation led by a single director and owner – solo founder Trimmer Matthew. The company operates in the non-specialised wholesale trade industries. It regularly imports copper and copper products (four months of imports, latest in May 2024) and irregularly exports iron or steel products (one month of exports, latest in October 2024).

The company's website, Spalding Fasteners, is a comprehensive online store for nuts, bolts, screws, and related hardware. It offers a vast selection of products, categorized by type, material, and application. The site is well-organized and easy to navigate, with detailed product descriptions and helpful technical information. It seems to be primarily an e-commerce operation, with no mention of a physical storefront. The website is a little dated, but functional.

Financially, Spalding Fasteners Ltd presents a mixed picture. Cash bank on hand has increased by a substantial 34%, reaching £270,000, which is a positive sign. However, corporation tax payable has risen significantly by 54%, reaching £26,000. Debtors have increased dramatically – a 510% increase to £3,000 – which could indicate difficulties in collecting payments. Creditors have decreased by 20%, suggesting improved management of short-term liabilities. The company’s net assets have doubled to £190,000, a very positive trend. The company meets the criteria to be considered small, with turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The accounts are unaudited, and no auditor is mentioned.

Overall, Spalding Fasteners Ltd appears to be a stable, albeit small, business. The increase in cash reserves is encouraging, but the rise in tax and debtors warrants attention. The company's online presence and wide product range suggest a focus on e-commerce, and its solo founder model indicates a lean operation.

Registered in England/Wales under the registration number 11423681, with a registered address at LN3 4HU, England, Lincoln, Lincolnshire, Drake's Holdings Ferry Road, Fiskerton.

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