Spence Bryson Limited

Spence Bryson Ltd from Craigavon UK: a small holding company with an active status, established 23 years ago, employs eight people, and holds £897,537 in assets. It has a real address, six directors, and one owner. The company regularly imports and exports clothing and accessories, not knitted or crocheted – 49 months of import activity and 5 months of export activity were recorded.

The company operates in the finishing of textiles industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £897,537.

Financially, Spence Bryson Ltd shows some concerning trends. Accumulated amortisation impairment intangible assets increased by 16.0%, while average number of employees during the period decreased significantly by 62.0% to just three. Cash bank on hand dropped 12.0% to £400,000, and corporation tax payable jumped 66.0% to £22,000. Creditors increased by 35.0% to £67,000, and trade debtors ballooned by a massive 160.0% to £250,000. On the positive side, fixed assets increased by 250.0% to £37,000.

The sharp decrease in employees, coupled with the surge in trade debtors, suggests potential issues with workload management or payment collection. The increase in creditors could indicate reliance on short-term financing. The company’s small size helps it remain agile, but the overall financial picture warrants closer monitoring. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s ultimate parent company is Spence Bryson Holdings Limited, a company incorporated in Northern Ireland and holds 100% of the issued share capital of the company.

Registered in Northern Ireland under the registration number NI042468, with a registered address at BT66 8TP, Northern Ireland, Craigavon, Unit 2 Unit 2, Halfpenny Valley Industrial Estate, Lurgan.

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