Wear & Spillage Supplies Limited

Wear & Spillage Supplies Limited, based in Swadlincote, UK, is a small, holding company with an active status. Founded fifteen years ago in 2010, it employs eight people and holds £830,457 in assets. The company is led by one director and owner, and operates from a real address shared with two other businesses. It’s an irregular importer, primarily dealing in glass and glassware, with its last import operation recorded one month ago in January 2023.

The company’s website highlights its focus on providing wear-resistant rubber and plastic linings, conveyor belt cleaners, and related services to the minerals processing and bulk handling industries. They’re a distributor for Weir Minerals Europe and Linatex Rubber, offering supply, manufacture, and installation services. They even provide belt cleaning service contracts and sourcing solutions, with a manufacturing unit in Burton upon Trent. Their website also mentions supplying Hanson Aggregates, Tarmac, Aggregate Industries, Cemex, and Breedon.

Financially, Wear & Spillage Supplies Limited shows a mixed picture. Current assets have increased by a substantial 40% to £830,000, while net assets have also risen by 33% to £580,000. However, trade debtors have fallen by nearly 10%, and bank borrowings have increased significantly, reaching £100,000. Creditors have also risen by 28% to £150,000. Cash reserves have increased by 42% to £310,000. The company's small size (meeting two of three conditions for a small company) helps it remain flexible, but the increase in borrowings suggests it's potentially investing in growth or managing increased costs. The lack of an auditor mentioned is typical for a small company, relying on unaudited financial statements. The company's continued growth in assets and cash reserves, however, suggests a generally healthy position, despite the increase in debt.

Registered in England/Wales under the registration number 07223291, with a registered address at DE11 9EU, England, Swadlincote, Unit 14 Ryder Close.

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