Spenic Limited

Spenic Ltd, based in Berkeley, UK, is a small, active company founded twelve years ago in 2012. With two employees and £129,076 in assets, it operates as a solo-founded venture overseen by one director and owner. The company holds a respectable 4.0 Google rating based on four reviews. It’s an irregular importer of textile padding, felt, and nonwoven fabrics, alongside special yarns, ropes, and cables, with the last import activity recorded one month ago. Simultaneously, it’s an irregular exporter of silk and silk products, with the last export activity dating back to March 2022.

The company's website showcases a specialist print media supplier, offering a wide range of products including Tyvek rolls and sheets, flameretardant media, and inkjet tracing paper. It even provides custom services like media conversion and printing. The site emphasizes exclusive products like its Endura adhesive tapes and AquaPaper printable wallpaper, suggesting a focus on niche markets and specialized offerings. It's a pretty neat site, really.

Financially, Spenic Ltd presents a mixed picture. While the company’s net assets increased by 67% to £78,000, current assets declined by 20% to £130,000. Bank borrowings decreased significantly, dropping 74% to just £14,000, and cash reserves plummeted 86% to £1,100—a rather sharp fall. Trade debtors also decreased by 73%, which could indicate improved collection efforts, or perhaps a slowdown in sales. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decline in cash reserves is something to keep an eye on. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Spenic Ltd seems to be navigating a period of change. While its specialized product offerings and custom services appear to be attracting customers, the financial data suggests it’s working to manage its cash flow and maintain a stable financial position.

Registered in England/Wales under the registration number 08170364, with a registered address at GL13 9LD, Berkeley, Gloucestershire, Spenic Limited The Laurels, Stone.

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