Spillaway Projects Limited

Spillaway Projects Limited is a small, active company based in Wallingford, UK, founded fourteen years ago in 2010. With £143,889 in assets and a real registered address, it employs three people and is run by three directors and owners – a family business. The company operates in the remediation activities and other waste management services industries. It regularly imports miscellaneous chemical products (four months of import activity recorded, latest in May 2023), and occasionally exports them (one month of export activity, latest in November 2021).

The company’s website, while not providing much detail, suggests a focus on environmental remediation and waste management services. It’s unclear if they offer direct sales to consumers or primarily work with commercial clients. The site’s lack of extensive information is common for smaller businesses operating in B2B sectors.

Financially, Spillaway Projects Limited presents a mixed picture. Current assets increased by 21% to £140,000, while net assets saw a significant jump of 140% to £49,000. Bank borrowings decreased by 2.5%, reaching £10,000, and cash reserves rose by 38% to £62,000. Creditors also decreased by 5.7%, suggesting 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) helps it stay nimble, but the increase in equity is a positive sign. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s growth in assets and cash reserves, alongside the decrease in liabilities, suggests a period of stability and potentially even expansion. However, the lack of detailed financial information makes it difficult to assess the long-term sustainability of the business. It's likely that the company is facing some challenges, but overall, the financial data paints a picture of a company that is holding its own.

Registered in England/Wales under the registration number 07307418, with a registered address at OX10 9JH, Wallingford, Oxfordshire, 37 Underhill, Moulsford.

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