Speltech Limited

Speltech Ltd from Exeter UK: a small, active company founded 23 years ago, employs six people, and holds £548,668 in assets. It’s a family business with three directors and two owners, operating from a real address. The company regularly imports and exports rubber and rubber products—29 months of imports and 100 months of exports—suggesting a stable trading history.

The company’s website, while not detailed, points to a focus on manufacturing, specifically operating within the “other manufacturing n.e.c.” industries. There's no e-commerce presence evident, indicating a business-to-business model rather than direct retail. It’s likely Speltech supplies rubber products to other manufacturers or distributors.

Financially, Speltech Ltd presents a mixed picture. While net assets grew by 10% to £390,000, current assets remained steady at £550,000. Bank borrowings have increased, and cash reserves have decreased. Trade debtors have increased significantly, suggesting potential challenges in collecting payments. Despite these challenges, creditors have decreased, which is a positive sign. The company meets the criteria for a small business, and as such, the accounts are unaudited.

The company’s depreciation on plant machinery has increased, which could indicate investment in equipment. However, the significant drop in other debtors suggests a need for closer management of customer payments. The company’s reliance on imports and exports, combined with the fluctuating financial metrics, suggests a business navigating a competitive market—but it’s holding its own.

Registered in England/Wales under the registration number 04330377, with a registered address at EX2 7LH, England, Exeter, 1 The Alpha Centre Osprey Road, Sowton Industrial Estate.

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