Alder Sportswear Limited

Alder Sportswear Ltd, based in Devon, UK, is a small holding company with an active status, celebrating 42 years in business. With ten employees and £2,843,695 in assets, the company operates from a real address and is overseen by seven directors and one owner. It’s a regular importer and exporter of clothing and accessories made by knitting or crocheting, with 147 months of import activity and 49 months of export activity recorded.

The company's website, aldersportswear.com, showcases a wide range of products, from wetsuits and surfboards to bodyboards and accessories. It highlights a heritage dating back to the 1960s, when Bob and Anne Westlake started the business on their farm, combining Bob's passion for surfing with Anne's sewing skills. The site emphasizes high-quality surf gear and caters to both surf schools and retailers. The company also offers surf school rental solutions and promotes its commitment to sustainability and rider development.

Financially, Alder Sportswear Ltd's recent performance presents a mixed picture. While bank borrowings have decreased significantly—dropping by 49%—cash reserves have plummeted by 81%, leaving just £26,000. Debtors have also seen a substantial decrease, falling by 48% to £270,000. On a positive note, creditors have fallen by 64%, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The significant drop in net assets, however, from £2.6 million to £2.5 million, warrants closer scrutiny. With no auditor mentioned, the financial statements are unaudited.

The company’s focus on high-quality surf gear and its long history could be a strength, but the declining cash reserves and falling asset values suggest potential challenges ahead.

Registered in England/Wales under the registration number 01660050, with a registered address at EX20 4PJ, Devon, Lewdown, Nr Okehampton.

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