Spax Uk Limited

Spax Uk Ltd from Wolverhampton UK is a large, active company founded 28 years ago. Employing 22 people and boasting assets of £5,346,075, it operates a real address and maintains an e-commerce site. The company has two directors, but no owners are currently listed, a bit unusual. It regularly imports iron or steel products, with a consistent 36-month import history.

The business is a non-specialised wholesale trade industry, which is a broad category. It’s considered a large company, meeting two of three criteria: turnover exceeding £36 million, a balance sheet total over £18 million, and having more than 250 employees. The company’s financial data, audited by Azets Audit Services, presents a mixed picture. While net assets increased by 4.6% to £4 million, indicating overall financial health, there are some concerning trends.

For instance, bank borrowings have increased significantly, and cash reserves have fallen by a considerable amount. Creditors also rose, suggesting a need to manage short-term liabilities more effectively. The company’s director remuneration remained stable, and the tax expense decreased, which could be a positive sign. The company’s current assets have increased by 9.8% to £5.3 million.

Despite these fluctuations, Spax Uk Ltd appears to be holding its own. The consistent import activity suggests a stable supply chain, and the e-commerce presence indicates a focus on modern sales channels. The lack of listed owners could be a simple oversight, or it might reflect a complex ownership structure—it's hard to say for sure. Overall, Spax Uk Ltd seems to be navigating the challenges of a competitive market, but close monitoring of its financial trends is warranted.

Registered in England/Wales under the registration number 03301946, with a registered address at WV10 7DZ, Wolverhampton, Unit 9 Calibre Industrial Park, Laches Close.

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