Sps Brassware Limited

Sps Brassware Ltd from Wolverhampton, UK, is a small, holding company with an active status, established 23 years ago. Employing 24 people and holding £207,028 in assets, it operates from a real address and is managed by one director and owner. A Google rating of 5.0 based on two reviews suggests satisfied customers. The company is an irregular importer of electrical machinery and equipment, with activity recorded two months ago.

The company’s website reveals it’s a metal finishing specialist, offering a wide range of polishing and finishing services to both trade and consumers. With 50 years of experience, Sps Brassware prides itself on high-quality work, utilizing ultrasonic cleaners and electrophoretic lacquer. They also import brassware from overseas, offering a range of fittings. The website emphasizes customer service and in-house design and development capabilities.

Financially, Sps Brassware Ltd’s recent performance paints a mixed picture. Current assets have fallen by a significant 44%, dropping to £210,000. Net assets have plummeted 97%, settling at just £2,400—a dramatic decline. Bank borrowings have increased substantially, reaching £23,000, while cash reserves have decreased by 67%, leaving just £15,000. Creditors have also risen, and trade debtors have fallen. The company meets the criteria for a small company, with turnover under £10.2 million and assets under £5.1 million. As a small company, it is exempt from an audit, and the figures are unaudited.

The sharp decline in equity and cash reserves, despite a seemingly active business, suggests potential financial strain. It’s possible that increased bank borrowings are funding operational costs or investments, but the long-term sustainability of this approach remains to be seen.

Registered in England/Wales under the registration number 04329971, with a registered address at WV3 0AL, Wolverhampton, West Midlands, Owen Road, Pennfields.

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