Spectrum Hose Limited

Spectrum Hose Ltd, based in High Wycombe, UK, is a small, holding company with an active status, celebrating 43 years in business. With five employees and £723,532 in assets, it’s a modest operation led by two directors and a single owner. The company’s real address is confirmed by only one other business registered at the same location. Spectrum Hose imports clothing and accessories made by knitting or crocheting irregularly, with the last import recorded two months ago. Conversely, it regularly exports machinery, boilers, and mechanical appliances, with six months of export activity.

The company’s website highlights its specialization in hydraulic and industrial pneumatic hose, fittings, and adaptors. Established in 1982, Spectrum Hose operates a mobile hose unit, allowing for on-site production and servicing. It serves a diverse range of sectors, from agriculture to film production, and boasts ISO9001 and ISO14001 certifications. The website also mentions a partnership with the British Fluid Power Distributors Association.

Financially, Spectrum Hose Ltd presents a mixed picture. Cash bank on hand has fallen by 36% to £220,000, while current assets have increased by 8.3% to £720,000. However, trade debtors have surged by 88% to £380,000, potentially indicating a reliance on customer payments. Equity has grown by 11% to £910,000, and provisions for liabilities have increased significantly by 920%. Bank borrowings remain stable. 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 agility, but the increase in debtors warrants attention. As a small company, it’s exempt from a full audit, so the figures are unaudited.

Registered in England/Wales under the registration number 01609052, with a registered address at HP12 3BG, High Wycombe, Buckinghamshire, Unit 5 Desborough Industrial Park, Desborough Park Road.

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