Spax Uk Limited
- Large
- Active
- 28 years
- 22 employees
- £5,346,075 (assets)
- Real address
- 2 directors
- No owners
- Regular importer
- E-commerce
Two conditions of three:
1.Turnover > £36 million
2.Balance sheet total > £18 million
3.Average number of employees > 250
Field of Operation
Website
Summary
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.
Managers
-
Individual
- Salzig Michael
- 7 years
-
Individual
- Whittingham John Mark
- 26 years
- 2
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted three months ago.
Last news
-
Full accounts made up to 2024-12-31Download 24 pages pdf report
-
Confirmation statement made on 2025-01-08 with no updatesDownload 3 pages pdf report
-
Full accounts made up to 2023-12-31Download 24 pages pdf report
Importer profile by HS codes
Last imported products
Similar importers
- Company names
- HS codes
- Financial data
- Officers and owners
FAQ about Spax Uk Limited
Looking for leads in the UK?
Try our FREE App—access UK datasets with limited features!