Specific Limited

Specific General Services Limited, based in London, UK, is a small, active company founded 32 years ago. With four employees and £48,985 in assets, it operates from a virtual address shared by 64 other companies, a fact that raises some questions. The company is led by three directors and a single owner, Hamlyn Michael, who has been at the helm for nine years. It’s a solo founder operation, and the company is irregular importer, with its top import category being Iron or Steel Products, totaling 1 months of imports. The last import operation was conducted on May 01, 2024.

The company’s website, Commercial Debt Recovery, focuses entirely on debt collection services. It positions itself as a specialist agency based in St. Albans, offering bespoke, discreet, and professional debt recovery solutions. The agency emphasizes a "No Success, No Fee" system, aiming to achieve maximum client satisfaction at the lowest cost. It also offers business information services and reports, including international company status and risk searches. The managing director is a member of the Chartered Institute of Credit Management.

Financially, Specific General Services Limited’s recent performance paints a mixed picture. Cash bank on hand has fallen significantly, dropping 53% to £38,000. Creditors have increased by 1.8% to £1.5 million, and current assets have decreased by 45% to £49,000. However, debtors have risen by 34% to £11,000, suggesting improved collection efforts. Equity remains steady at -£1.9 million, and net assets also remain at -£1.4 million. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the decline in cash reserves is a concern. The company is exempt from an audit, so the figures are unaudited.

While the debt recovery business seems to be operating, the financial data suggests the company is burning through money. The decline in cash reserves, combined with rising creditors, points to potential liquidity issues. It’s unclear whether this is a temporary setback or a longer-term trend—but for now, Specific General Services Limited is relying on its specialist services and client relationships to weather the storm.

Registered in England/Wales under the registration number 02740753, with a registered address at SW1Y 4BP, United Kingdom, London, 6th Floor Kings House, 9-10 Haymarket.

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