Spring Industrial Limited

Spring Industrial Limited, based in Bathgate, UK, is a small, active company founded eight years ago in 2016. With eleven employees and £2,109,719 in assets, it operates from a real address and is led by five directors, with Ward Jonathan as the sole owner and solo founder. The company regularly imports iron or steel products (12 months) and exports them (3 months), indicating a focus on the metals trade.

The company's website is not available, so it’s difficult to determine the exact nature of its operations beyond its import/export activities. It appears to operate within the agents involved in the sale of a variety of goods industries.

Financially, Spring Industrial Limited presents a mixed picture. While net assets increased by 31% to £1,400,000, cash reserves dropped by 52% to £320,000. Bank borrowings surged by 2,400% to £29,000, and trade debtors increased significantly by 49% to £730,000. The company’s average number of employees, however, increased dramatically by 130% to 25, which could indicate expansion or a temporary surge in staffing needs. Creditors decreased by 50%, suggesting improved debt management. The company meets two of the three criteria to be considered a small company.

The company’s financial statements are unaudited, and no auditor is mentioned, which is common for small companies. The increase in debt and decrease in cash reserves, while concerning, could be a result of increased investment in inventory or expansion efforts. The large increase in employees could be temporary.

Registered in Scotland under the registration number SC545449, with a registered address at EH48 2EY, Scotland, Bathgate, 14 Blackburn Road Blackburn Road.

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