Spires Gallery Ltd

Spires Gallery Ltd, based in Co. Tyrone, UK, is a small, active company founded 24 years ago. Employing 14 people, it holds £804,486 in assets and operates from a real address. With two directors and a solo founder, the company boasts a solid 4.0 Google rating from seven reviews. It's an irregular importer of art and antiques, with just one month of imports recorded as of August 2022.

The company’s website highlights its core business: designing, curating, and installing bespoke artworks, mirrorworks, glassworks, surfaceworks, and signworks for the hospitality, commercial, marine, care, and leisure sectors. With over 30 years of experience, Spires Art has worked with over 1700 companies and delivered projects worth over £112 million, spanning 15 countries. The website emphasizes its ability to tailor products to individual project needs, combining creativity with practicality. They offer a wide range of services, from creating bespoke artworks to providing comprehensive delivery and installation.

Financially, Spires Gallery Ltd presents a mixed picture. Current assets dipped slightly to £800,000, while net assets rose to £800,000—a positive sign. However, bank borrowings decreased by 46%, and cash reserves increased by 46% to £480,000. Trade debtors fell significantly, suggesting improved collections. Despite a decrease in creditors, other creditors increased by a substantial 220%. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the changes in debt management warrant attention. The accounts are unaudited, as is typical for small companies, and no auditor is mentioned.

The company's growth in employee numbers, from 14 to 16, suggests expanding operations. While the company’s financials show a generally stable position, the fluctuations in debt and the reliance on unaudited accounts should be monitored closely.

Registered in Northern Ireland under the registration number NI040544, with a registered address at BT78 5HZ, Co. Tyrone, 2 Brookmount Road, Omagh.

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