Spitfire Design (uk) Limited

Spitfire Design (uk) Limited, based in St. Austell, UK, is a small, active company established 24 years ago. With two employees and £287,728 in assets, it operates from a real address and is overseen by two directors and one owner. The company regularly imports and exports optical and medical tools and devices, with 17 months of import activity and 11 months of export activity recorded. It’s a modest operation, meeting two of the three criteria to be classified as small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees).

The company’s website is not available for review, so it’s difficult to ascertain the full extent of its online presence or e-commerce activities. However, its filings indicate it operates in the non-specialised wholesale trade and retail sale via mail order houses or via internet industries. This suggests a blend of B2B and B2C activities, potentially with a focus on supplying medical and optical equipment to distributors or directly to consumers.

Financially, Spitfire Design (uk) Limited’s recent performance paints a mixed picture. Current assets have fallen by 22% to £290,000, while net assets have decreased by 18% to £280,000. Cash reserves have taken a hit, falling 37% to £190,000. Bank borrowings have vanished completely, dropping 100% to zero, which could indicate a strategic decision to reduce debt or a temporary situation. Trade debtors have also seen a sharp decline, falling 68% to £11,000, which might be a positive sign of improved collections, but could also suggest a reduction in sales. Creditors have decreased by 93%, which is a good sign of better debt management. The company’s small size helps it remain agile, but the decrease in equity raises questions about its long-term financial stability. As a small company, it is exempt from an audit, so the figures are unaudited.

The company's financial data suggests it's navigating a period of adjustment. While it has managed to reduce debt and improve creditor management, the decline in assets and cash reserves warrants careful monitoring. The lack of employees (just two reported) indicates a lean operation, but it also limits its capacity for growth.

Registered in England/Wales under the registration number 03985733, with a registered address at PL26 8WE, England, St. Austell, Esam Unit 17 Carluddon Technology Park, Carluddon.

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