Spicer International Limited

Spicer International Ltd from Littlehampton UK: a small, active company founded 15 years ago, employs six people, and holds £416,300 in assets. Operating from a virtual address, it’s a family business with three directors and two owners. The company regularly imports textile products, sets, used clothing, and rags (for three months), and exports electrical machinery and equipment (for 25 months).

The company’s website showcases Spicer International as award-winning freight experts based in Worthing, West Sussex. With over 25 years of experience, they offer a range of services, including import/export, fulfilment, warehousing, and courier services. The site highlights a local delivery service with VAT benefits and a free local pick-up. Testimonials praise their unparalleled service, reliability, and competitive rates—a testament to their commitment to customer satisfaction. The website also features a YouTube channel and a gallery of past projects.

Financially, Spicer International Ltd has seen some concerning trends. Current assets have decreased by 40% to £250,000, while net assets have plummeted 97% to just £3,500. Bank borrowings have increased, reaching £600, and cash reserves have fallen dramatically—a 90% decrease to £7,700. Creditors have also decreased, suggesting better 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) helps it remain flexible, but the sharp decline in equity raises questions. With no auditor mentioned, the figures are unaudited.

Overall, Spicer International Ltd appears to be facing financial headwinds despite its strong reputation for service. The company’s ability to navigate these challenges will likely depend on maintaining its customer base and controlling costs—something that could be difficult.

Registered in England/Wales under the registration number 06915647, with a registered address at BN17 5JA, England, Littlehampton, West Sussex, 41b Beach Road.

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