Spc Warrington Ltd

Spc Warrington Ltd is a small, holding company based in Manchester, UK, with an active status. Founded five years ago in January 2020, the company holds £985,773 in assets and operates from a virtual address shared by 166 other companies. It’s managed by two directors and one owner, and has been importing iron or steel products irregularly, with the last activity occurring two months ago in May 2021.

The company’s core business revolves around buying and selling its own real estate. It’s a relatively small operation, meeting two of the three criteria to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. It's a holding company, and its registered address is C/O Williamson & Croft York House, 20 York Street, M2 3BB.

Looking at the financial picture, Spc Warrington Ltd's current assets have decreased by 7%, dropping to £990,000. However, debtors have significantly increased, rising by 160% to £44,000. This could indicate an expansion of credit terms or delayed customer payments. On the downside, net assets have fallen by 5%, landing at -£110,000, and cash reserves have declined by 8% to £4,500. Interestingly, other debtors have skyrocketed by 25,000%, reaching £25,000, a potentially unusual fluctuation. Creditors have also decreased by 6%, suggesting improved debt management. The company’s unaudited financial statements, prepared by Williamson Croft Accountants Limited, don't mention an external auditor, which is common for small companies.

These trends suggest Spc Warrington Ltd might be experiencing some financial strain, potentially burning through cash as it invests in its real estate activities. The sharp increase in debtors could be a cause for concern, but the decrease in creditors is a positive sign. The company’s small size and virtual address, however, raise questions about its long-term sustainability.

Registered in England/Wales under the registration number 12394505, with a registered address at M2 3BB, United Kingdom, Manchester, Greater Manchester, C/O Williamson & Croft York House, 20 York Street.

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