Spicer Designs Limited

Spicer Designs Ltd from Newton Abbot, UK, is a small, active company founded 21 years ago, employing 30 people and holding £1,720,976 in assets. It operates from a virtual address, a detail worth noting, and is managed by five directors, though there are no listed owners. The company regularly imports and exports plastics and plastic products, with 6 months of import activity and 26 months of export activity recorded, the latest in February 2025.

The company’s website showcases a focus on the floral industry, offering a range of foam designs, plastic-backed products, and wet/dry foam. It even provides a hard copy design book for florists and has a dedicated section for inspiration and customer creations. The site also includes contact information and links to social media platforms, and it seems like they are selling wholesale.

Financially, Spicer Designs Ltd’s report reveals a mixed picture. Current assets decreased by 2.9% to £1,700,000, while net assets dropped 2.1% to £2,000,000. Bank borrowings decreased by 26%, and cash reserves increased by 6.3% to £330,000. Creditors increased by 7.2%, suggesting a need to manage debt. 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 decrease in net assets warrants further investigation. No auditor is mentioned, likely due to the company’s exemption as a small business, so the figures are unaudited.

Overall, Spicer Designs Ltd appears to be navigating a challenging economic climate, but its focus on a niche market and its commitment to quality could help it sustain its position in the long term.

Registered in England/Wales under the registration number 04974419, with a registered address at TQ12 2LG, Newton Abbot, Devon, Moorgate House, King Street.

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