Sparka U.k. Ltd

Sparka UK Sparka a Rutland UK Company is a small, active company based in Chesterfield, UK, founded five years ago in 2019. With £70,665 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner, Hughes Ian. The business boasts a perfect 5.0 Google rating from 11 reviews, and operates in the non-specialised wholesale trade industries. It’s a irregular importer, with its top import category being Miscellaneous metal items, totaling 2 months of imports, the latest in October 2023.

The company’s website, Sparka UK, describes itself as designers, manufacturers, and distributors of Architectural Ironmongery, specializing in fire door hardware and associated products. They emphasize 65 years of experience, delivering tried-and-tested products, and offering industry-leading guarantees up to 35 years. The site showcases a wide range of products, including door hinges, handles, locks, and closers, catering to builders' merchants and retail customers. They even offer a new brochure and a video showcasing their fire test.

Financially, Sparka UK Ltd shows a concerning trend. Current assets plummeted 75%, falling to just £71,000, while net assets dropped a staggering 110%, resulting in a negative balance of -£2,400. Bank borrowings remained steady at £12,000, but cash reserves decreased by 3.2% to £69,000. Trade debtors have decreased significantly, suggesting improved collection practices. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp equity decline raises questions about its long-term sustainability. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Despite the challenges, Sparka UK’s strong Google rating and focus on specialized architectural hardware suggest potential for growth. However, the company needs to address the negative equity and declining assets to ensure its continued success.

Registered in England/Wales under the registration number 12051434, with a registered address at S42 5US, United Kingdom, Chesterfield, Head Office Unit C3/C4 Holmewood Business Park, Chesterfield Road.

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