Spectrum Yarns Limited

Spectrum Yarns Ltd from Slaithwaite, Huddersfield UK: large company, active status, founded 51 years ago, 116 employees, £7,550,965 assets, real address, 3 directors, 1 owner, google rating 5.0 based on 5 reviews. Regular importer of man-made staple fibers (225 months imported). Regular exporter of man-made staple fibers (169 months exported). It’s a sizable operation, classified as large because it met two out of three conditions: turnover exceeding £36 million, a balance sheet total over £18 million, and employing more than 250 people. The company, established in 1973, currently employs 116 individuals and boasts significant assets of £7,550,965.

The company's website, Glenbrae, showcases a wide range of men’s and women’s knitwear, including lambswool jumpers, zip-neck sweaters, and contrast-neck designs. It also features a selection of jackets and windbreakers, alongside a collection from Herbert Brown, a separate brand. The site's design is clean and functional, with a focus on product photography and easy navigation. It's clear the company is primarily focused on direct-to-consumer sales through its online store, with a limited presence on social media. There's a blog section, but it's not actively updated.

Financially, Spectrum Yarns Ltd’s recent performance presents a mixed picture. While current assets increased by 12% to £7,600,000, cash reserves took a significant hit, falling 25% to £890,000. Bank borrowings have also increased, rising by 95% to £530,000. Interestingly, the company’s net assets have decreased by 9.8% to £6,500,000. The company's director remuneration increased by 28% to £130,000, and administrative expenses decreased by 1.5% to £810,000. Despite these fluctuations, the company seems to be managing its creditors well, with a decrease of 18%. Simpson Wood Limited conducted the audit, and the report was signed on November 25th. It’s worth noting that the company’s turnover is likely substantial given its size, although the exact figure isn’t provided. The decrease in cash reserves might be due to investments in new equipment, as mentioned in the report, or perhaps a period of increased operating expenses.

Registered in England/Wales under the registration number 01142407, with a registered address at HD7 5BB, Slaithwaite, Huddersfield, West Yorkshire, Spa Mill,New Street, Spa Fields Industrial Estate.

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