Spectrum Collections Limited

Spectrum Collections Ltd, based in Penarth, UK, is a small, family-run business with an active status, founded eleven years ago. The company employs seventeen people and holds £1,781,083 in assets. It operates from a real address in Penarth and is managed by two directors and two owners, Hannah Pycroft and Sophie Pycroft. Spectrum Collections Ltd regularly imports and exports miscellaneous manufactured goods, with nineteen months of import activity and thirty-three months of export activity recorded. The company’s website showcases a range of premium vegan makeup, tools, and accessories, targeting a discerning customer base.

The website, Spectrum Collections, is clearly an e-commerce operation. It's a vibrant, well-designed site with a focus on high-quality products and a strong brand identity. The site offers a wide variety of makeup brushes, tools, and accessories, with a particular emphasis on vegan and cruelty-free options. The website also offers a range of exclusive deals and promotions, and a variety of payment options. It’s a modern, professional online store, clearly designed to attract and retain customers.

Financially, Spectrum Collections Ltd presents a mixed picture. While current assets increased by 19% to £1,800,000, equity dropped significantly by 35% to £580,000. Bank borrowings increased substantially, reaching £29,000, while cash reserves decreased by 44% to £83,000. Trade debtors have risen dramatically, by 130%, suggesting potential issues with customer payments or an expansion of credit terms. Creditors also increased, by 120%, which could indicate increased reliance on supplier financing. The company’s small size—meeting two of three criteria for a small company—means it’s exempt from an audit, and the figures are unaudited.

The sharp decline in equity, despite the increase in assets, is a cause for concern. While the rise in debtors could be a sign of growth, it also carries the risk of bad debts. The increase in creditors suggests the company is managing its debt, but the decrease in cash reserves is a worrying trend. Overall, Spectrum Collections Ltd appears to be facing financial pressures, despite its strong brand and active e-commerce operation.

Registered in Wales under the registration number 08723931, with a registered address at CF64 5AB, Wales, Penarth, Barry, Unit 15 Atlantic Business Park Hayes Lane, Sully.

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