Spencer & Wedekind Ltd

Spencer & Wedekind Ltd, based in Teddington, UK, is a small, active company founded twelve years ago in 2013. With just two employees and £306,491 in assets, it operates from a virtual address – twenty-three other companies share the same location – and is led by two directors and two owners, one of whom is the solo founder. The company boasts a perfect 5.0 Google rating from three reviews. Spencer & Wedekind Ltd imports tanning and dyeing products, though infrequently, with the last import occurring two months ago.

The company’s website, Spencer Wedekind, highlights its services as an interior designer, offering a range of design and project management solutions. It appears to be a design-focused business, with no obvious e-commerce functionality. The website doesn's give much detail, but it’s clear they are focused on high-end design projects.

Financially, Spencer & Wedekind Ltd’s recent performance presents a mixed picture. Current assets have significantly decreased by 60%, falling to £120,000, while net assets have plummeted 94%, leaving just £9,300. Cash reserves have also taken a hit, dropping 64% to £110,000. Bank borrowings have increased by 6.1%, reaching £11,000, and creditors have decreased by 17%, suggesting some improvement in debt management. The company meets two of the three criteria to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The substantial decrease in equity is a notable concern, and the lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Spencer & Wedekind Ltd seems to be facing financial headwinds. While the design services likely generate revenue, the sharp decline in equity suggests the company is burning through money. Whether this is a temporary setback or a longer-term challenge remains to be seen.

Registered in England/Wales under the registration number 08466400, with a registered address at TW11 0RQ, United Kingdom, Teddington, Middlesex, Epic House, 128 Fulwell Road.

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