Spi Piling Ltd

Spi Piling Ltd, based in Lostock Bolton, UK, is a sizable company with an active status, celebrating 25 years in business. Employing 57 people and boasting assets of £9,224,861, it’s a key player in the steel piling industry. With seven directors and one owner, the company holds a stellar 5.0 Google rating from five reviews. Regular importer of iron or steel products (4 months imported), the last import operation was made on September 01, 2023.

The company operates as part of the A E Yates Group, a family of companies focused on civil and ground engineering. Spi Piling specifically specializes in steel piling techniques, offering services from temporary works to permanent installations. Their website highlights a range of associated companies, including civil engineering contractors, directional drilling specialists, and ground engineering firms—all working together to provide integrated solutions. The group even owns companies like Spi Appleton Limited and Appleton Piling Limited.

Financially, Spi Piling Ltd shows a mixed picture. While net assets increased by 34% to £4,300,000, cash reserves saw a significant drop of 78% to £170,000. Bank borrowings surged by 890%, reaching £310,000, and trade debtors ballooned by 800%, suggesting potential issues with customer payments. Despite these challenges, creditors decreased by 18%, indicating improved debt management. The company meets two of three criteria for a large company: turnover exceeding £36 million and balance sheet total exceeding £18 million. Barlow Andrews LLP acted as the auditor.

The company’s focus on steel piling and its integration within the larger A E Yates Group suggest a strong foundation. However, the financial data reveals a need for careful management of cash flow and debt—something that will be important for continued success.

Registered in England/Wales under the registration number 03885668, with a registered address at BL6 4SB, Lostock Bolton, Lancashire, C/O A E Yates Ltd Cranfield Road, Lostock Industrial Estate.

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