Spike Leisurewear Limited

Spike Leisurewear Ltd from London UK: a small, active company founded nine years ago, employs four people, and holds £432,557 in assets. It’s a family business with four directors and two owners, operating from a virtual address shared by many other companies – a bit of a red flag, really. The company regularly imports paper and paperboard products (for twelve months) and exports clothing and accessories made by knitting or crocheting (for three months).

The company’s website is not available, so it’s hard to tell what they’re doing exactly, but they operate in the specialised design activities industries. It’s a small company, meeting two of three conditions for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Spike Leisurewear Ltd shows a mixed bag. Cash reserves have jumped a whopping 220% to £190,000 – a very good sign! However, net assets have soared 790% to £150,000, which is a bit odd, and might be due to depreciation changes. Creditors have also increased by 17%, and debtors have decreased slightly, suggesting they're managing debt, but perhaps not as efficiently as they could be. The number of employees has increased by 50% to six, which is a positive development, but it’s worth noting that the company’s equity has increased significantly, which could be due to a one-off event. The accounts are unaudited, so it’s hard to say for sure, but it seems like they're doing alright, although it would be good to see a more detailed breakdown of their expenses.

Registered in England/Wales under the registration number 09911928, with a registered address at SW1Y 4BP, United Kingdom, London, Tc Group 6th Floor Kings House, 9 - 10 Haymarket.

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