Aqua Sport International Ltd

Aqua Sport International Ltd, based in Nansledan, UK, is a small, active company founded 15 years ago. With just two employees and £227,325 in assets, it operates from a virtual address shared by 33 other companies, raising some questions about its physical presence. The company, managed by two directors and owned by Wood Scott Richard, holds a stellar 5.0 Google rating based on 74 reviews, indicating high customer satisfaction. It’s an irregular importer, primarily dealing in toys, games, and sports equipment, with the last import operation recorded two months ago in March 2022.

The company's website reveals a core business centered around scuba diving. Aqua Sport International Ltd operates as a PADI 5 Star Instructor Development Centre, offering a range of services including scuba diving lessons, equipment sales, and regulator servicing. It also runs a retail shop selling a wide range of diving equipment from top brands. The website highlights its facilities, including a 3-meter deep heated training pool and a fully equipped service centre, and emphasizes its commitment to providing high-quality scuba diving training. The site also features a blog with recent posts about diving equipment and experiences. It appears to be primarily an e-commerce operation, with a strong focus on scuba diving training and equipment sales.

Financially, Aqua Sport International Ltd shows some concerning trends. Accumulated depreciation on furniture, motor vehicles, and plant machinery all increased, suggesting a need for reinvestment. Bank borrowings increased significantly, while cash reserves plummeted by a substantial 63%, leaving just £900 available. Creditors also decreased, which is a positive sign, but the overall picture suggests the company is burning through cash. 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 declining equity—down 23%—is a red flag. No auditor is mentioned, which is common for small companies, so the figures are unaudited.

While the company enjoys a strong online reputation and a dedicated customer base, the financial data suggests a need for careful management. Whether the company can sustain its growth and maintain its high ratings remains to be seen.

Registered in England/Wales under the registration number 06980822, with a registered address at TR8 4UX, United Kingdom, Nansledan, Cornwall, Linggard And Thomas Ltd Kew An Lergh, Stret Mygthern Arthur.

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