Spectra Colours Limited

Spectra Colours Limited is a small, holding company based in Stockport, UK, with an active trading status. Founded seventeen years ago in 2008, the company employs just two people and operates from a virtual address shared by 224 other businesses, a bit odd really. It’s managed by two directors and owned by Chen Hao and Wuxi Minghui International Trading Company Ltd, although the ownership details were last updated seven years ago. The company regularly imports tanning and dyeing products – nine months of activity recorded, the last in December 2018 – but exports irregularly, with only one month of activity noted, back in March 2018.

The company’s website describes Spectra Colours as operating in the agents involved in the sale of fuels, ores, metals and industrial chemicals industries. It’s not clear if they have an e-commerce presence, but the site doesn't suggest any online sales. Instead, it seems to act as an intermediary, connecting buyers and sellers of industrial chemicals.

Financially, Spectra Colours Limited presents a concerning picture. Cash reserves have completely vanished, dropping 100% to zero. Current assets and net assets have also plummeted, both down 100% to zero. Creditors and debtors are similarly at zero, and bank borrowings are also at zero. This suggests a significant liquidity crisis. While the company meets the criteria for a small company – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees – the dramatic financial downturn is worrying. Retained earnings have also suffered a loss of £100, a small amount but still a negative sign. The accounts are unaudited and classified as “filleted,” meaning they’re exempt from a full audit due to the company’s size.

It's possible the company is experiencing temporary cash flow issues, or perhaps it's undergoing a restructuring. However, the complete absence of cash and the significant decline in assets raise serious questions about its financial health. The lack of any auditor mentioned further complicates the picture, leaving the numbers reliant on internal reporting.

Registered in England/Wales under the registration number 06509813, with a registered address at SK1 1EB, England, Stockport, 7 St. Petersgate.

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