Spin-office Limited

Spin Office Limited, based in Bath, UK, is a small, active company founded ten years ago in 2014. It employs just one person and holds £649,717 in assets, operating from a virtual address shared by 159 other companies – a bit unusual, really. With one director and one owner, the business is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with its last import activity occurring a year ago in November 2023.

The company’s website showcases a wide range of office furniture and related services, catering to businesses looking to design and equip their workspaces. It’s not an e-commerce site, though; instead, it acts as a consultancy and supplier, offering project management, furniture procurement, and aftercare services. The site highlights partnerships with well-known brands like Haworth, BDO, and AkzoNobel, suggesting a focus on high-quality products and professional design services. They even have a testimonials section, which is nice.

Financially, Spin Office Limited presents a mixed picture. While cash bank holdings increased by a healthy 14% to £420,000, creditors have skyrocketed by 790% to £240,000 – a significant jump. Trade debtors also rose, though at a more moderate 7.5%. Equity, however, declined by 6% to £420,000. The company's small size—meeting two of three conditions for a small company—helps it remain nimble, but the rise in creditors and the dip in equity could indicate some financial strain. The company’s financial statements are unaudited, which is common for small entities. It's worth noting that the increase in other creditors and social security payable is quite large, which could be a sign of increased operational expenses or delayed payments.

Registered in England/Wales under the registration number 09275677, with a registered address at BA2 4BL, United Kingdom, Bath, 11 Laura Place.

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