Spinners Reading Limited

Spinners Reading Limited is a small, holding company based in Ascot, UK, with an active status. Founded five years ago in July 2019, the company employs twenty-one people and holds £1,207,637 in assets. It operates from a real address and is overseen by two directors and two owners. With a respectable Google rating of 4.0 based on 574 reviews, Spinners Reading Ltd is a well-regarded entity. The company is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with its last import activity recorded one month ago in May 2021.

The company's website, Spinners UK Play. Drink. Eat, showcases a unique socialising concept. It offers a blend of competitive games like clay shooting, bowling, darts, and crazy golf, combined with fine cocktails and delicious food. The site promotes itself as a "much needed break" from busy lives, offering a fresh spin on traditional games within a stylish and intimate atmosphere. Locations are available in Plymouth, Reading, and Solihull, and the site encourages group bookings, Christmas packages, and even hosting events.

Financially, Spinners Reading Limited presents a mixed picture. While current assets have increased by a significant 62% to £1,200,000, net losses have also deepened. Bank borrowings have surged by 140%, reaching £61,000, and cash reserves have fallen dramatically by 88% to £59,000. Creditors have also increased by 140% to £61,000. The company’s size—meeting two of three criteria for a small company—allows for flexibility, but the decline in cash and increase in debt raise concerns. Amounts owed by group undertakings participating interests have increased by a massive 530%, indicating a reliance on external funding. The lack of an auditor mentioned suggests the company is exempt, and the figures rely on unaudited statements.

In conclusion, Spinners Reading Limited is a small company experiencing financial pressures. While its innovative social concept and positive customer reviews suggest potential, the declining cash reserves and rising debt require careful management. The company’s reliance on group undertakings participating interests may be a sign of a startup burning through money, but it could also be a strategic move to fuel growth.

Registered in England/Wales under the registration number 12079498, 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.