Sparesmaster Limited

Sparesmaster Ltd from Crawley UK: a small, active company founded 39 years ago, employs just two people, and operates from a virtual address. With three directors and one owner, it runs an e-commerce site and boasts a perfect 5.0 Google rating based on five reviews. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

The company specializes in supplying garage door spares, parts, and automation equipment to trade customers. Its website, Sparesmaster, caters specifically to installers and repairers, offering a wide range of products from leading manufacturers like Hormann, Henderson, and Cardale. It's a trade-only operation, emphasizing competitive pricing and a comprehensive selection of components, including cables, rollers, seals, and security products. The site also features helpful guides, FAQs, and instruction videos, demonstrating a commitment to supporting its professional clientele.

Financially, Sparesmaster Ltd presents a mixed picture. While bank borrowings increased by a staggering 2,400% to £29,000, creditors decreased by 18%, suggesting improved debt management. Cash reserves, however, fell by 30% to £28,000. Net assets plummeted 73% to just £16,000. Debtor values have also increased significantly. The company’s small size helps it stay agile, but the sharp equity drop raises questions about its long-term stability. With no auditor mentioned, the figures are unaudited.

The increase in bank borrowings and decrease in cash reserves could indicate the company is investing in inventory or expanding its operations—or it could signal financial pressures. The decrease in creditors, however, suggests better control over short-term liabilities. Overall, Sparesmaster Ltd appears to be a well-established player in its niche market, but its financial health warrants close monitoring.

Registered in England/Wales under the registration number 02010184, with a registered address at RH10 9PR, England, Crawley, West Sussex, Genesis House, Priestley Way.

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