Spinners Plymouth Limited

Spinners Plymouth Limited, based in Ascot, UK, is a small holding company with an active status. Founded two years ago in June 2022, the company holds £158,606 in assets and operates from a real address shared by six other businesses. With two directors and two owners, it maintains a respectable Google rating of 4.0 based on 87 reviews. The company primarily imports toys, games, and sports equipment, though it’s an irregular importer with just one month of activity recorded in September 2023.

The company’s website, Spinners UK Play. Drink. Eat, showcases a unique concept: competitive socialising. It offers a range of interactive games, including clay shooting, bowling, darts, and crazy golf, combined with food and drinks. The site encourages group bookings, Christmas packages, and even hosts events, targeting a fun-seeking audience. It seems the company operates in the public houses and bars industries.

Financially, Spinners Plymouth Limited presents a mixed picture. While its small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, recent trends raise concerns. Cash reserves have plummeted 83% to just £11,000, and net assets have fallen significantly to -£330,000. Bank borrowings have decreased by 26%, but creditors have ballooned 210% to £990,000—a worrying sign. The company’s equity has also dropped considerably, which is not good. The company’s unaudited accounts, which are exempt from an audit, rely on director-reported data.

It's clear that Spinners Plymouth Limited is burning through money, as evidenced by the sharp decline in cash and equity. While the company’s unique concept and positive Google reviews suggest potential, the financial strain is evident. The increase in creditors also suggests that the company may be struggling to pay its bills on time. Whether the company can turn things around remains to be seen, but it will need to improve its financial management to survive.

Registered in England/Wales under the registration number 14201517, with a registered address at SL5 0QL, England, Ascot, 19a Station Road.

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