Adventure Spec Limited

Adventure Spec Ltd, based in Mytholmroyd, UK, is a small, active company founded seventeen years ago in 2007. With four employees and £580,051 in assets, it operates from a real address and is overseen by four directors and two owners. The company runs an e-commerce site, regularly importing and exporting vehicles, parts, and accessories (excluding trains and trams)—nineteen months of imports and forty-one months of exports recorded.

The website showcases a wide range of products catering to adventure motorcyclists. It offers clothing (layers, base layers, waterproof gear), hard parts (luggage racks, crash protection), and luggage options. Adventure Spec also sells bikes from brands like Honda, Yamaha, and KTM, alongside accessories and tyres. The site features a blog with stories about clothing, hard parts, and luggage, emphasizing its design approach and the Trans Euro Trail. It’s clear they’re aiming to be a one-stop shop for off-road motorcycle enthusiasts.

Financially, Adventure Spec Ltd’s numbers present a mixed picture. Current assets increased by 19%, reaching £580,000, while net assets grew by 10%, settling at £310,000. However, bank borrowings decreased by 32%, falling to £95,000, and cash reserves plummeted 180%, resulting in a negative balance of -£47,000. Trade debtors have increased significantly, by 140%, reaching £200,000, which could indicate challenges in collecting payments. Creditors also increased by 37%, reaching £95,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the negative cash balance is a cause for concern. No auditor is mentioned, likely due to its status as a small company.

Overall, Adventure Spec Ltd seems to be navigating a period of change. While its e-commerce platform and product range appear well-established, the financial data suggests it's burning through cash. It will be interesting to see if they can turn things around and sustain their growth in the competitive adventure motorcycle market.

Registered in England/Wales under the registration number 06429495, with a registered address at HX7 5EY, Mytholmroyd, Unit 3 Cragg Road.

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