Spanish Hands Limited

Spanish Hands Limited, based in Hawick, UK, is a small, active company founded six years ago in December 2018. Employing ten people and holding assets of £3,013,555, it operates from a real address and is led by one director and owner. The company regularly imports toys, games, and sports equipment (5 months of import activity, last in January 2025) and exports footwear and related items (22 months of export activity, last in August 2022).

The company’s core business revolves around wholesale distribution, specifically acting as the exclusive distributor for Nike Golf and Blue Tees Golf within the Golf Specialty Channel. Operating from locations in Hawick, Scotland, and Rotterdam, Netherlands, Spanish Hands Group caters to the UK and European markets, requiring trade account applications via its websites (spanishhands.net and spanishhands.eu). The company’s focus on high-quality golf products and established partnerships suggests a strong brand reputation.

Financially, Spanish Hands Limited presents a mixed picture. While cash bank on hand increased by a significant 30% to £1.5 million, other key metrics show fluctuations. Creditors decreased by a substantial 34%, indicating improved debt management, but trade debtors increased by 5.5%. Net assets grew by 19% to £2.7 million, and retained earnings also increased. However, accrued liabilities deferred income surged by a staggering 23,000%, reaching £180,000, which is a concerning trend. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the sharp increase in deferred income warrants further investigation. The accounts are unaudited, likely due to the company’s status as a small entity.

Overall, Spanish Hands Limited appears to be a stable, albeit evolving, business. The growth in cash reserves and net assets is positive, but the sudden rise in deferred income suggests potential challenges with payment terms or project delays. The company’s strong partnerships and established distribution network provide a solid foundation for future growth, but careful monitoring of financial trends will be crucial.

Registered in Scotland under the registration number SC616315, with a registered address at TD9 0BN, Scotland, Hawick, Unit 4a Liddesdale Road.

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