Spotbuyer Limited

Spotbuyer Limited is a small holding company based in Sutton Coldfield, UK, with an active status. Founded sixteen years ago in 2008, the company employs eighteen people and holds £388,031 in assets. It operates from a virtual address, registered at a building shared by fifty-three other companies, and is managed by two directors and one owner. Spotbuyer Limited regularly imports and exports electrical machinery and equipment, with nineteen months of import activity and eighteen months of export activity recorded.

The company's website, linked to the Black Country Chamber of Commerce, highlights its role as a business support organization for firms within Dudley, Sandwell, Walsall, and Wolverhampton. It provides platforms and opportunities for businesses to grow, connect, and become part of a thriving network, offering guidance, access to savings, and networking events. The website also features news articles, including one about a record month for a conveyancing firm and another about an export business award.

Financially, Spotbuyer Limited shows a mixed picture. Current assets decreased by 32% to £390,000, while net assets remained steady at £110,000. Bank borrowings declined by 41%, reaching £71,000, and cash reserves increased by a remarkable 2,500% to £3,000. Creditors also decreased by 35%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 0 employees) helps it stay agile, but the decline in current assets raises questions. No auditor is mentioned, likely due to its small company status, so the figures rely on unaudited statements.

The company’s financial data reveals a few interesting trends. Liabilities deferred income grew by 37%, suggesting increased financial instruments, while accumulated depreciation on property, plant, and equipment increased significantly, particularly for computer equipment. Average number of employees decreased by 11%, and bank borrowings were reduced considerably. It’s possible that the company is managing its debt more effectively, but the decrease in employees could indicate restructuring or a slowdown in business activity. Overall, Spotbuyer Limited appears to be navigating a period of change, balancing its import and export operations with financial adjustments.

Registered in England/Wales under the registration number 06661097, with a registered address at B72 1TJ, England, Sutton Coldfield, Masonic Building, 9 Mill Street.

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