Spm (uk) Limited

Spm Uk Ltd from Newport UK is a small, active company founded 18 years ago. With five employees and £891,902 in assets, it operates from a virtual address—a detail worth noting as 474 other companies are registered at the same location. The company is managed by two directors and has one owner, Powell Martyn Benjamin. It regularly imports and exports machinery, boilers, and mechanical appliances; parts, with 85 months of import activity and 58 months of export activity, the latest in February 2025. The company operates in the manufacture of electric motors, generators and transformers industries.

The company’s website, SPM Tank, Vessel Ducking Specialists, focuses on providing tank fabrications, industrial linings, plastic pipework, and related services. It caters to various industries, offering bespoke design, manufacturing, and fabrications. SPM Tank, Vessel Ducking Specialists prides itself on expertise, diverse materials, comprehensive solutions, safety focus, reliability, and customer satisfaction. They offer services like onsite repairs, preventive maintenance, and even generator removal and disposal.

Financially, Spm Uk Ltd’s recent performance shows some interesting trends. Accumulated amortisation impairment intangible assets increased by 19%, while accumulated depreciation impairment property plant equipment increased by 55%. However, the number of average employees during the period decreased by 20% to four. Bank borrowings decreased by 34%, and cash bank on hand decreased by 26%. Creditors decreased by 17%, but trade debtors decreased by a significant 49%. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Spm Uk Ltd appears to be navigating a period of change. The decrease in employees and cash reserves, combined with the increase in bank borrowings, suggests that the company is facing some financial pressures. However, the decrease in creditors indicates that the company is managing its debts effectively. It's a small business with a long history, and it will be interesting to see how it adapts to the challenges ahead.

Registered in England/Wales under the registration number 05908978, with a registered address at NP20 2DW, United Kingdom, Newport, Gwent, Bradbury House, Mission Court.

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