Springback Binders Limited

Springback Binders Ltd from Warwick UK: a small, active company founded 21 years ago, employs just three people, and holds £93,135 in assets. It’s a solo-founded operation with three directors and a real address, regularly exporting paper and paperboard products – four months of exports were recorded, with the latest in August 2023.

The company’s website, Springback Binders, showcases a unique binding solution – the Springback Binder – a versatile and durable method for presenting loose leaf pages without punched holes or sleeves. It operates as both a UK shop and a manufacturer, offering binders in various materials like Brampton, Leather, Walnut, and Canvas, alongside accessories like creased pages. The site emphasizes handmade quality, bespoke options, and even a video demonstrating the innovative binding process. It seems to be a retail operation, selling directly to customers via its website.

Financially, Springback Binders Ltd shows a mixed picture. Current assets increased by a respectable 9.2% to £93,000, while net assets also grew by 21% to £58,000. Cash bank on hand jumped 15% to £74,000. However, trade debtors rose by 16% to £14,000, and other debtors fell significantly by 76% to just £500. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Springback Binders Ltd appears to be financially stable, with growing assets and cash reserves. However, the increase in trade debtors suggests a need to manage customer payments more effectively. The company’s focus on a niche product and its commitment to quality position it well for continued success, although it’s important to keep a close eye on its financial performance.

Registered in England/Wales under the registration number 04760959, with a registered address at CV35 8NA, England, Warwick, Grange Farm Pinley Green, Claverdon.

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