Spur Electron Limited

Spur Electron Ltd from Lane, Havant UK: small company, active status, founded 42 years ago, 21 employees, £1,035,021 assets, real address, 4 directors, 1 owner, solo founder. Regular importer of electrical machinery and equipment (306 months imported). Regular exporter of electrical machinery and equipment (184 months exported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the other manufacturing n.e.c. industries. Officially, it has one owner or PSCs, four directors, and twenty one employees. The company is a regular importer, with its top import category being Electrical machinery and equipment, totaling 306 months of imports. The company is a regular exporter, with its top export categories including Electrical machinery and equipment, totaling 184 of months exports.

Based in Havant, UK, Spur Electron Ltd appears to be a well-established, albeit small, business focused on electrical machinery. While no website is listed, the company’s core business involves the import and export of electrical equipment, suggesting a B2B model rather than direct consumer sales. It’s been around for a while, founded back in 1982, and maintains a real address, which is good.

Financially, Spur Electron Ltd shows a mixed picture. While current assets have increased significantly, by 130%, to £1,000,000, net assets have decreased by 6.6% to -£1,200,000. Bank borrowings have also increased, by 52%, to £350,000, which could indicate investment in inventory or expansion. Creditors have risen by 87%, which is something to watch. The company’s small size helps it stay agile, but the equity decline raises questions. The unaudited financial statements, which rely on director-reported data, don’t mention an auditor. It’s likely the company is exempt from an audit due to its size.

Overall, Spur Electron Ltd seems to be navigating a period of change. The increased import and export activity suggests growth, but the financial data indicates some challenges in managing debt and maintaining equity. It's a steady business, but it needs to keep a close eye on its finances.

Registered in England/Wales under the registration number 01672509, with a registered address at PO9 2NL, Lane, Havant, Hampshire, Hayward House, Hayward Business Centre, New.

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