Spax Performance Limited

Spax Performance Ltd from Bicester UK: a small, active company founded 25 years ago, employs 16 people, and holds £800,827 in assets. It’s a real address with three directors and one owner. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 43 months of import activity and 63 months of export activity.

The company’s website, spaxperformance.co.uk, details a business focused on shock absorbers and suspension components. It operates as a retail outlet, selling parts directly to customers. The company also provides services such as fitting and repair. The site highlights a commitment to quality and customer service, with a focus on providing expert advice and support. While the site is professional, it lacks a blog or detailed product information, suggesting a more traditional, B2B-focused approach.

Financially, Spax Performance Ltd’s numbers present a mixed picture. Current assets increased by a modest 2.8% to £800,000, while net assets decreased slightly to £540,000. Cash bank on hand took a hit, falling 44% to £45,000. Creditors, however, saw a significant decrease of 35%, which is a positive sign. Trade debtors also increased by 14%, which could indicate an expansion of credit terms or delayed customer payments. 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 decrease in cash reserves warrants attention. No auditor is mentioned, consistent with the company’s exemption as a small entity.

Overall, Spax Performance Ltd appears to be a stable, albeit somewhat cash-constrained, business. The decrease in cash reserves and increase in trade debtors could be temporary fluctuations related to business growth, or they could signal a need for closer financial management. The company’s long-standing presence and focus on a specialized product category suggest a degree of resilience, but continued monitoring of its financial health is advisable.

Registered in England/Wales under the registration number 03844341, with a registered address at OX26 4PL, Bicester, Oxfordshire, Unit 2 Launton Business Centre, Murdock Road.

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