Spindle Services Limited

Spindle Services Ltd from Coventry, UK, is a well-established precision engineering company, a small business with an active status, having been founded 35 years ago in 1989. Employing 14 people, the company holds £602,493 in assets and operates from a real address within a bustling industrial estate. With three directors and a single owner – a solo founder – Spindle Services boasts a respectable Google rating of 4.0 based on three reviews. The company is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with recent import activity recorded just last month.

The company’s website showcases a comprehensive range of services, focusing on the design, manufacture, and refurbishment of machine tool spindles. It’s not an e-commerce site, but rather a platform to demonstrate expertise and attract business inquiries. Spindle Services caters to diverse industries, including aerospace, automotive, and oil & gas, offering everything from CNC spindle refurbishment to hard chrome plating. The site highlights over 50 years of experience and a commitment to precision engineering, positioning the company as a leader in its field.

Financially, Spindle Services Ltd presents a mixed picture. While current assets increased by 9.5% to £600,000, cash bank on hand dropped by 18% to £7,500. Creditors decreased slightly, but net assets grew by a substantial 26% to £370,000, indicating improved equity. Borrowings, however, declined significantly, suggesting reduced reliance on debt. The company’s small size – meeting two of three conditions for classification as a small company – allows for flexibility, but the fluctuating cash position warrants attention. With no auditor mentioned, the financial statements are unaudited, relying on director-reported data.

It seems Spindle Services is a stable, if somewhat cash-constrained, business, leveraging its long-standing reputation and specialized skillset to navigate the competitive engineering sector. The company's focus on high-value services and international pedigree suggests a business model geared towards quality over volume, though a closer look at its import activities may be needed to fully understand its financial health.

Registered in England/Wales under the registration number 02442279, with a registered address at CV6 5RY, Coventry, 9 And 10 Central City Industrial Estate, Red Lane.

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