S.p.i. Developments Limited

S.p.I. Developments Limited, based in Rotherham, UK, is a small holding company with an active status, having been incorporated twenty-two years ago in September 2002. Employing nineteen people and holding £2,704,694 in assets, the company operates from a real address shared by only two other businesses. With three directors and one owner, S.p.I. Developments specializes in the manufacture of machinery for food, beverage, and tobacco processing industries. It regularly imports electrical machinery and equipment (twenty-one months of imports, latest in February 2025) and exports machinery, boilers, and mechanical appliances (114 months of exports, latest in February 2025).

The company’s website highlights its expertise in fluid control, application, detection, and data recording, offering a range of adhesive, flavour, and liquid application systems. It caters primarily to the tobacco industry, providing complementary equipment like automatic mixing machines, adhesive sensor technology, and data capture software. The website also showcases a division specializing in high-end piano restoration, operating from Cambridge and even featuring a showroom in Harrods—a surprising diversification from its core machinery business.

Financially, S.p.I. Developments shows a mixed picture. Current assets increased by a modest 7.4% to £2,700,000, while net assets saw a substantial jump of 23%, reaching £2,700,000. However, bank borrowings decreased by 78%, falling to £90,000, and trade debtors dropped by 28%, suggesting potential issues with customer payments. Creditors also decreased by 43%, indicating improved debt management. 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 flexibility, but the significant drop in trade debtors raises questions about the company’s revenue collection. With no auditor mentioned, the financial statements are unaudited.

The company’s move into piano restoration, while potentially lucrative, could also be a distraction from its core machinery business. Whether this diversification will prove successful remains to be seen—but for now, S.p.I. Developments is navigating a complex financial landscape while pursuing multiple ventures.

Registered in England/Wales under the registration number 04532216, with a registered address at S66 8RW, England, Rotherham, Unit 1 Eden Close, Hellaby.

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