Spunalloys Limited

Spunalloys Limited, a large company based in the West Midlands, UK, has been operating for 36 years, founded back in 1988. With 93 employees and £8,990,376 in assets, it’s a significant player, holding company, and active in the foundry business. The company’s yearly revenue reached £13,013,282, and it’s managed by three directors and one owner. A Google rating of 1.0 from just two reviews suggests room for improvement in customer perception. The company regularly exports copper and copper products (23 months), but imports are less frequent (1 month).

Spunalloys is part of the larger Westley Group, a non-ferrous foundry engineering group. Its core business revolves around the casting of steel, light metals, and other non-ferrous metals, alongside machining services. The company’s website highlights its expertise in centrifugal and sand casting, offering solutions for fire equipment, process equipment, and various other sectors. It also boasts a vertically integrated offering, from design to delivery, aiming for high-integrity, safety-critical components.

Financially, Spunalloys shows a mixed picture. While current assets increased by 11% to £9,000,000, cash reserves decreased by 43% to £140,000. Bank borrowings have surged by a substantial 84%, reaching £1,100,000, and net losses deepened significantly. Creditors, however, decreased by 27%, indicating some improvement in managing short-term debts. The company’s size (meeting two of three criteria for a large company) and the absence of an auditor (likely exempt) mean the figures are unaudited.

The company’s depreciation on furniture fittings increased by 18%, while depreciation on plant machinery rose by 9%. This could be due to investments in new equipment to meet growing demand, or it could reflect the aging of existing assets. The increase in bank borrowings suggests the company may be financing expansion or dealing with short-term cash flow challenges. Despite these challenges, Spunalloys’ position within the larger Westley Group and its focus on specialized castings suggest a resilient business with a strong foundation.

Registered in England/Wales under the registration number 02264844, with a registered address at B64 5QS, West Midlands, Doulton Road, Cradley Heath.

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