Specnow Ltd

Specnow Ltd, based in Huntingdon, UK, is a small, active company established 21 years ago. With six employees and £822,611 in assets, it operates from a real address and is managed by two directors and one owner. The company’s core business involves the manufacture of ovens, furnaces, and furnace burners, catering to high-technology industries like aerospace, instrumentation, and 3D printing. It also provides vacuum furnace solutions, maintenance, and refurbishment services.

Specnow’s website highlights its expertise in vacuum furnaces, offering both new and pre-owned equipment, alongside specialist process systems and control systems. It also provides maintenance and calibration services, emphasizing bespoke engineering solutions to meet specific client needs. The site’s focus on design and innovation, coupled with years of experience in vacuum engineering, suggests a commitment to performance and quality.

Financially, Specnow Ltd presents a mixed picture. While current assets have increased significantly by 110% to £820,000, cash bank on hand has decreased by 28% to £160,000. Creditors have risen dramatically, increasing by 290% to £370,000, which could indicate increased investment or supplier payments. However, debtors have also ballooned by 320%, suggesting potential difficulties in collecting payments. Equity has increased by 52%, reflecting retained earnings, but the substantial increase in creditors warrants closer scrutiny. 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 flexibility, but the rising debt levels could pose a challenge. No auditor is mentioned, likely due to the company's small size and exemption from audit. Overall, Specnow Ltd seems to be growing, but it needs to manage its debt effectively to ensure long-term financial health.

Registered in England/Wales under the registration number 05083303, with a registered address at PE28 3QD, Huntingdon, Cambs, 8 Hermitage Road, Earith.

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