Athletic Group Uk Ltd

Athletic Group Uk Ltd from Manchester UK is a small, active company founded nine years ago in 2015. Employing six people, it holds £511,217 in assets and generates £1,291,035 in yearly revenue. With a real address, three directors, and one owner, the company regularly imports aluminum and aluminum products—nineteen months of import activity recorded, the latest in November 2024—and irregularly exports these products, with just one month of export activity as of December 2022.

The company operates in the retail sale of musical instruments and scores industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The website is non-existent, so it’s difficult to determine if they are running an e-commerce site.

Financially, Athletic Group Uk Ltd shows some concerning trends. Accumulated depreciation impairment property plant equipment increased by 16%, but additions to property plant equipment remained consistent. Administrative expenses decreased by 11%, which is a positive sign. However, turnover decreased by 17% to £1.3 million, and net assets increased by 76% to £210,000. Bank borrowings decreased by 13% to £35,000, and cash reserves increased by 91% to £18,000. The company’s small size helps it stay agile, but the turnover decrease raises questions. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

The company’s financial data suggests it’s burning through money, with losses deepening and cash reserves dwindling. While the decrease in administrative expenses is a positive sign, the decrease in turnover is concerning. The lack of employees (six reported) hints at a lean operation, but the company needs to address its financial challenges to ensure its long-term sustainability.

Registered in England/Wales under the registration number 09728013, with a registered address at M17 1QR, England, Manchester, Unit 2, Warren Road, Longwood Park, Trafford Park.

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