SPENCE (INSURANCE SERVICES) LTD. Financials
- Company number
- SC124134Copy
Copy - Registered office
- Unit 2 Wester Inch Business Park, Old Well Court, Bathgate, West Lothian EH48 2TQ
- Incorporated
- 02/04/1990
Company snapshot
- Status
- Active
- Employees
- 14 (2025)
- Latest financial data
- 2025
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
-15.19%vs 20242024: £2.82M
Total Assets
-1.39%vs 20242024: £3.19M
Cash in Bank
33.16%vs 20242024: £1.05M
Total Liabilities
39.66%vs 20242024: £347.17K
Employees
+1vs 20242024: 13
In 2025, SPENCE (INSURANCE SERVICES) LTD. reported net assets of £2.39M. The same filing shows total assets of £3.15M, cash in bank of £1.40M and total liabilities of £484.85K. Reported headcount was 14 in 2025. Net Assets fell from £2.82M in 2024 to £2.39M in 2025 (-15.19%). Okredo holds filed figures for 2021–2025; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-15.19%from £2.82M in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures SPENCE (INSURANCE SERVICES) LTD. filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
-8%vs 2023-4.1% a year compound (CAGR)
Cash in Bank
+104%vs 2023+42.9% a year compound (CAGR)
Total Assets
+9.1%vs 2023+4.4% a year compound (CAGR)
Total Liabilities
+98.2%vs 2023+40.8% a year compound (CAGR)
Employees
+7.7%vs 2023+1Biggest increase
Cash in Bank+104%
£683.05K in 2023 to £1.40M in 2025
Biggest decrease
Net Assets-8%
£2.60M in 2023 to £2.39M in 2025
SPENCE (INSURANCE SERVICES) LTD.'s filings pull in both directions between 2023 and 2025. The steepest rise came in cash in bank, pointing to a more liquid cash position, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from SPENCE (INSURANCE SERVICES) LTD.'s own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 75.96%2025
- Liabilities to total assets
- 15.40%2025
- Cash to liabilities
- 287.84%2025
- Cash to total assets
- 44.34%2025
Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for SPENCE (INSURANCE SERVICES) LTD. by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 2.05M | 2.39M | 2.60M | 2.82M | 2.39M |
| Total Assets£ | 2.69M | 2.99M | 2.89M | 3.19M | 3.15M |
| Cash in Bank£ | 503.15K | 828.78K | 683.05K | 1.05M | 1.40M |
| Total Liabilities£ | 576.07K | 551.68K | 244.68K | 347.17K | 484.85K |
| Employees | 12 | 13 | 13 | 13 | 14 |
SPENCE (INSURANCE SERVICES) LTD. financials: frequently asked questions
Answered from this company's own filed figures.
Has SPENCE (INSURANCE SERVICES) LTD. filed financial statements?
Yes. Okredo holds filed figures for SPENCE (INSURANCE SERVICES) LTD. covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
What net assets did SPENCE (INSURANCE SERVICES) LTD. report in 2025?
SPENCE (INSURANCE SERVICES) LTD. reported net assets of £2.39M for 2025. That compares with £2.82M in 2024, a change of -15.19%.
What total assets did SPENCE (INSURANCE SERVICES) LTD. report in 2025?
SPENCE (INSURANCE SERVICES) LTD. reported total assets of £3.15M for 2025. That compares with £3.19M in 2024, a change of -1.39%.
What cash in bank did SPENCE (INSURANCE SERVICES) LTD. report in 2025?
SPENCE (INSURANCE SERVICES) LTD. reported cash in bank of £1.40M for 2025. That compares with £1.05M in 2024, a change of 33.16%.
How many people does SPENCE (INSURANCE SERVICES) LTD. employ?
SPENCE (INSURANCE SERVICES) LTD. reported 14 employees in 2025, compared with 13 in 2024.
How have SPENCE (INSURANCE SERVICES) LTD. financials changed over the last 3 years?
Between 2023 and 2025, SPENCE (INSURANCE SERVICES) LTD.'s net assets fell by 8%, cash in bank rose by 104%, total assets rose by 9.1% and total liabilities rose by 98.2%. Net assets contracted at 4.1% a year across the two years to 2025, from £2.60M to £2.39M. Reported headcount went from 13 in 2023 to 14 in 2025 (+1).
Which years of SPENCE (INSURANCE SERVICES) LTD. financial data are available?
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.