Spring Shades Limited

Spring Shades Ltd, based in Leicester, UK, is a small, active company established 31 years ago. With 41 employees and £2,229,085 in assets, it operates from a virtual address – twenty companies registered at the same address, which is a bit odd – and is overseen by two directors and one owner. Google users rate it 4.0 out of 5 based on ten reviews. The company is an irregular importer, bringing in tanning and dyeing products, with the last import activity occurring one month ago.

Spring Shades Ltd specializes in finishing textiles and manufacturing other textiles, operating in a competitive market. While a website isn’s available, this suggests a business-to-business model, likely supplying other manufacturers or retailers rather than selling directly to consumers. It’s a small company, meeting two of the three conditions for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The financial picture is mixed. Accumulated depreciation on property, plant, and equipment increased by 50%, indicating investment in assets, but cash reserves plummeted 81% to just £9,900. Bank borrowings remained stable at £45,000, and creditors increased by 13% to £1,200,000. Net assets also declined by 13% to £1,100,000. While trade debtors decreased slightly, the significant drop in cash and increase in creditors suggest the company is struggling to manage its working capital. The number of employees decreased by 15% to 35, which could be a cost-cutting measure or a reflection of changing business needs. There's no mention of an auditor, which is typical for small, exempt companies.

Overall, Spring Shades Ltd appears to be navigating a challenging period. While it maintains a solid asset base and a good Google rating, the declining cash position and increasing debt raise concerns about its financial health. The company’s long history and established position in the textile finishing industry suggest resilience, but it will need to address its working capital management to ensure long-term sustainability.

Registered in England/Wales under the registration number 02912345, with a registered address at LE1 7GD, Leicester, Leicestershire, 32 De Montfort Street.

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