Sprint Suppliers Ltd

Sprint Suppliers Ltd, based in Ilford, UK, is a small, active company founded five years ago in 2020. With just two employees and £52,840 in assets, it’s a modest operation led by a single director and owner. The company is a regular importer, specializing in clothing and accessories made by knitting or crocheting, with nine months of import activity recorded. It also operates in a variety of industries, including retail sale of sports goods, building and industrial cleaning, and private security.

The company’s website is currently unavailable, so it's difficult to determine the extent of its e-commerce presence. It's likely that the business operates primarily through wholesale or trade channels, rather than direct consumer sales.

Financially, Sprint Suppliers Ltd is showing some concerning trends. While current assets increased slightly to £53,000, net assets have plummeted to -£8,400—a significant loss. Bank borrowings have also increased, reaching £40,000, and cash reserves remain at a modest £28,000. Creditors have increased dramatically, rising by 310%, suggesting potential cash flow issues. Trade debtors have also decreased, which could be a positive sign of improved debt collection, or a reduction in sales. 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 flexible, but the declining equity is a cause for concern. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Sprint Suppliers Ltd is facing financial headwinds. The company’s reliance on imports and its diverse range of industries could be contributing to its challenges. Whether it can navigate these pressures and return to profitability remains to be seen.

Registered in England/Wales under the registration number 12409834, with a registered address at IG1 2EW, England, Ilford, 27 Cecil Road.

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