Spectrum Outfitters Ltd

Spectrum Outfitters Ltd from Coventry UK: small company, active status, founded 7 years ago, 7 employees, £1,903,689 assets, real address, 2 directors, 1 owner, solo founder, e-commerce site. It’s a small, active business registered in England and Wales, operating from a real address at Whitley Business Park. Founded in 2017, the company is led by a solo founder and has two directors, employing seven people. The business operates an e-commerce site, selling binders and related clothing items, particularly catering to the neurodivergent and LGBTQIA communities.

The website, spectrumoutfitters.co.uk, showcases a range of binders, clothing, and accessories, emphasizing inclusivity and support. They also have a blog with helpful guides on binding safely and neurodivergence. The company’s commitment extends to sustainability, partnering with Ecologi to plant trees and fund climate projects, and using recycled ocean plastics in their binders. They even have a binder donation scheme.

Financially, Spectrum Outfitters Ltd presents a mixed picture. While current assets increased by a solid 25% to £1.9 million, equity took a significant hit, dropping 64% to £1.8 million. Bank borrowings jumped dramatically—over 600%—reaching £53,000, and cash reserves increased by 9.2% to £1.1 million. Creditors decreased by 26%, which is a positive sign. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests they are exempt as a small company, relying on unaudited financial statements.

The sharp decline in equity, despite increased assets, suggests the company may be reinvesting heavily in its business or facing increased costs. The rise in bank borrowings indicates a need for external financing, which could be used to support growth or cover operational expenses. Overall, Spectrum Outfitters Ltd seems to be a growing business with a strong social mission, but it’s important to monitor its financial performance closely to ensure long-term sustainability.

Registered in England/Wales under the registration number 10746483, with a registered address at CV3 4GA, England, Coventry, West Midlands, 4 Argosy Court Scimitar Way, Whitley Business Park.

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