Sparx Machine Tools Limited

Sparx Machine Tools Limited is a small, active company based in Poole, UK, founded three years ago in 2021. Employing just one person and boasting a real registered address, it’s a solo-founder operation led by a single director and owner. The company operates in the wholesale of machine tools, acting as the exclusive UK distributor for NS Maquinas and offering services like repair, maintenance, and investment consultation. Its website, michaelsparxmt.co.uk, showcases a range of sheet metal finishing machines, including bending rolls, CNC machining centres, and deburring machines.

The business is a regular importer of electrical machinery and equipment, with four months of import activity recorded, the latest in September 2023. It also exports machinery, boilers, and mechanical appliances, though less frequently, with just one month of export activity as of July 2024. The website highlights the company’s expertise in NS Maquinas machinery, emphasizing features like remote diagnostics and expert consultation services. It also offers free site visits throughout the UK.

Financially, Sparx Machine Tools Limited presents a mixed picture. Cash reserves have dramatically increased, soaring 2000% to £110,000, a very positive sign. However, creditors have also risen significantly, increasing 140% to £100,000, and debtors have fallen 73% to just £14,000. Equity has grown 160% to £200,000, and total net assets and liabilities are also up 160% to £200,000. While the company meets the criteria for a small business (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the substantial increase in creditors could indicate a reliance on short-term financing. There’s no auditor mentioned, which is typical for small, exempt companies.

Overall, Sparx Machine Tools Limited appears to be growing rapidly, evidenced by the impressive cash increase. However, the rise in creditors suggests a need to manage debt carefully. The company’s focus on specialized machinery and strong distributor relationships seems to be driving its growth, but the financial pressures will need to be addressed to ensure long-term sustainability.

Registered in England/Wales under the registration number 13773787, with a registered address at BH16 6LT, United Kingdom, Poole, Dorset, 51 Holton Road Holton Heath Trading Park.

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