Bennetts Sports Ltd

Bennetts Sports Ltd, a small and active company based in Manchester, UK, was founded just four years ago in July 2020. With four employees and £124,958 in assets, it operates as a solo-founder venture with a single director and owner, Harris Bennett. The company runs an e-commerce site and enjoys a respectable Google rating of 4.0 based on five reviews. It’s classified as a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s website details a retail operation focused on the sale of sports equipment and apparel via mail order and internet. It operates in the retail sale via mail order houses or via internet industries. While small, it’s clearly aiming to carve out a niche in the crowded sports equipment market.

Financially, Bennetts Sports Ltd presents a mixed picture. Current assets have fallen by a significant 39% to £120,000, while net assets have plummeted 55% to £64,000. Cash reserves have also taken a hit, dropping 38% to £120,000. Trade debtors are zero, which could indicate a shift to upfront payments or improved collections, but it’s a bit unusual. Creditors, however, have increased by 83%, reaching £45,000—suggesting perhaps increased reliance on supplier credit. Property, plant, and equipment have also decreased by 44%. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Bennetts Sports Ltd is facing financial headwinds. The decrease in assets and equity suggests the company is burning through cash, but the increase in creditors could be a strategic move to manage short-term expenses. Whether this is a temporary setback or a longer-term challenge remains to be seen, but the company's e-commerce presence and decent Google rating offer some hope for future recovery.

Registered in England/Wales under the registration number 12744558, with a registered address at M50 1RF, England, Manchester, C/O Roca Accountants Limited, Floor 4 Centenary House, 1 Centenary Way.

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