Spartech Services Uk Limited

Spartech Services Uk Limited, based in London, is a small, active company founded ten years ago in 2015. With £293,252 in assets and a virtual address shared by 337 other companies, it’s a compact operation managed by two directors and one owner. Boasting a perfect 5.0 Google rating from a single review, the company is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with the most recent import activity occurring just two months ago in March 2024.

The company’s website, Spartec Engineering Ltd, reveals a focus on custom fabrications and engineering solutions, particularly within the marine industry. It operates a full-in-house workshop, offering services like marine fabrication, repairs, and modifications. The site highlights a family-run business with over 50 years of combined experience, catering to a diverse clientele from boat builders to wine merchants. The site also includes a jobs opportunity and a blog with recent news, including supporting apprenticeships and showcasing works for the Ocean Globe Race.

Financially, Spartech Services Uk Limited presents a mixed picture. Cash bank on hand dropped significantly by 49%, falling to £62,000, while creditors surged by 180%, reaching £260,000. Trade debtors increased dramatically by 5100%, reaching £230,000, which could indicate a period of rapid growth or potential collection issues. Equity, however, only increased slightly by 6.3% to £31,000. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the sharp increase in creditors warrants attention. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Spartech Services Uk Limited appears to be navigating a period of change. While the website suggests a thriving business, the financial data reveals a need to manage increasing debt and maintain a healthy cash flow.

Registered in England/Wales under the registration number 09433129, with a registered address at W1T 1QL, United Kingdom, London, 6th Floor Charlotte Building, 17 Gresse Street.

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