Spectrum Workplace Limited

Spectrum Workplace Ltd, based in Portsmouth, UK, is a small, family-run holding company with an active status. Established fifteen years ago in 2009, it employs twenty people and holds £1,667,893 in assets. The company operates from a real address and is managed by four directors and three owners. It's a regular importer of furniture, lighting, and prefabricated buildings, with fifty-six months of import activity recorded, the latest in May 2024.

The company specializes in commercial fit-out services for offices and industrial spaces. Its website highlights a design studio with a 3,700 sq. ft. showroom in Lakeside, North Harbour, offering clients a hands-on experience with office fit-out solutions. Spectrum Workplace provides services ranging from property evaluation and design to fit-out, refurbishment, and relocation, catering to businesses across the UK. The company's website also showcases case studies, including projects for Gen II Fund Services, Savills UK, and Boundless, demonstrating its expertise in creating functional and inspiring workspaces.

Financially, Spectrum Workplace Ltd presents a mixed picture. While cash reserves increased by a substantial 280%, reaching £1,100,000, net assets decreased by 470%, settling at £330,000. Creditors increased by 39%, reaching £1,700,000, and bank borrowings were eliminated, a positive sign. Trade debtors decreased by 46%, suggesting improved collection efforts. The company’s small size—meeting two of three criteria for being a small company—allows for flexibility, but the decline in equity could reflect investments in growth or other operational changes. The accounts are unaudited, a common practice for small companies.

The company's financial data shows a decrease in depreciation for furniture fittings, and a significant increase in motor vehicle depreciation, which could be due to new vehicle acquisitions or changes in accounting practices. Overall, Spectrum Workplace Ltd appears to be navigating a period of transition, balancing growth initiatives with financial stability.

Registered in England/Wales under the registration number 06999984, with a registered address at PO6 3EN, United Kingdom, Portsmouth, Building 2000 Lakeside North Harbour.

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