The Firmwatch take
Sprak Ltd is a 3-year-old retail, active on the Companies House register. The latest filed accounts (year to 31 March 2025) show GBP 189k in net assets, with 2 cautionary signals worth monitoring. No insolvency or strike-off filings appear in our public Companies House and Gazette data.
Refreshed 24 May 2026
Incorporated
23 December 2022
3 years on the register
Sector
Dispensing chemist
SIC 47730
Size
Not classified
Net assets
£189k
Top 10% in sector
Cash at bank
Not disclosed
Not required for this filing type
Latest filing
None yet
Insolvency risk
Worth watching
The latest public accounts contain some cautionary signs, but not enough to suggest severe distress on their own.
Negative working capital
Short-term liabilities are higher than short-term assets in the public balance sheet.
Current ratio below 1.0
Current assets are below current liabilities.
Sector benchmark · Retail
How this company compares in 166,319 retailers
Top 10% in sector — Sprak Ltd shows £189k in net assets. Sector median is £703.
Sector medians are computed annually across all UK companies in this broad sector. Position is approximate — see the Money tab for the full balance sheet.
Money
What the balance sheet says
Net assets
£189k
Top 10% in sector · sector median £703 · 166,319 retailers
Cash
Not disclosed
Working cap.
−£274k
Median £2k
Current ratio
0.8×
Median 1.1×
Signals · 3
Positive net assets
The latest filed accounts show assets exceeding liabilities.
Negative working capital
Current liabilities exceed current assets in the extracted accounts.
Current ratio below 1.0
Current assets are lower than current liabilities in the extracted accounts.
People
Who runs this company
- PS
PATEL, Shamir Kumar Sumantbhai
director · since 2022
Registered office
Address intelligence
30 other companies registered here.
Common for accountants' offices and small business centres.
Address pattern · UB6 9PN
30 other UK companies registered at this postcode.
Active
27
Dissolved
1
Strike-off action
2
Firmwatch turns UK Companies House filings into plain-English company intelligence. Data is refreshed daily; signals are generated from public balance-sheet and filing patterns.