Spencer Manufacturing Limited

Spencer Manufacturing Limited, based in Ludlow, UK, is a small, active company with a rich history, having been founded 73 years ago in 1951. With 49 employees and £1,380,997 in assets, it operates from a real address within Ludlow Business Park. The company is led by one director and one owner, Hawkins David Gordon. Spencer Manufacturing is a regular importer of iron and steel (6 months) and a regular exporter of vehicles, parts, and accessories (8 months), excluding train and tram components.

The company's website showcases Spencer Manufacturing as a "one-stop shop" for fabrication services, offering a diverse range of capabilities including tube bending, welding, pressing, and wire forming. It caters to a wide range of organizations, both large and small, emphasizing reduced lead times, cost savings, and quality control. The website is a bit clunky, and requires Javascript to function properly.

Financially, Spencer Manufacturing’s recent performance presents a mixed picture. While cash reserves have increased significantly by 220%, reaching £150,000, other key metrics show some concerning trends. Net assets have decreased by 9.6% to £1,300,000, and net current assets and liabilities have fallen by 18%, to £440,000. Trade debtors have also decreased by 25%, to £620,000, which could indicate tighter credit control, or potentially, slower customer payments. Bank borrowings have reduced by 14%, to £310,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in equity warrants further scrutiny. No auditor is mentioned, likely due to the company’s small size and exemption from an audit. The decrease in average number of employees, by 29%, is a bit surprising given the company's ongoing import and export activities.

Registered in England/Wales under the registration number 00500155, with a registered address at SY8 1XF, Ludlow, Shropshire, Ludlow Business Park, Sheet Road.

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