Blazing Padels Limited

Blazing Padels Limited, based in Norwich, UK, is a small, holding company with an active status. Founded just a year ago in October 2023, the company holds £110,362 in assets and operates from a real address shared by four other businesses. With three directors and one owner, it maintains a stellar 5.0 Google rating based on 16 reviews. The company is an irregular importer, specializing in iron or steel products, with just one month of import activity recorded as of July 2024.

The company’s website, blazingpadels.co.uk, promotes Norfolk’s first indoor padel club. It offers booking services, explains the sport of padel, and provides contact information. The website also includes a privacy policy and terms and conditions. The club is located at Salle Moor Farm, Wood Dalling Road, Norwich, NR10 4SB. The site clearly focuses on providing a premium padel experience, targeting sports enthusiasts and those looking for a unique social activity.

Financially, Blazing Padels Limited presents a mixed picture. While current assets remain steady at £110,000, net assets are a mere £1, indicating a significant portion of assets are tied up in liabilities. Bank borrowings are a substantial £76,000, and cash reserves are a modest £100,000. Trade creditors have increased by £10,000, suggesting a need to manage supplier relationships carefully. 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 flexibility, but the negative equity raises concerns about long-term sustainability. As a small company, it’s exempt from an audit, relying on unaudited accounts.

Overall, Blazing Padels Limited appears to be a startup navigating the challenges of establishing a new business. The padel club concept shows promise, but the company needs to carefully manage its finances to ensure its long-term viability.

Registered in England/Wales under the registration number 15225844, with a registered address at NR1 1SQ, England, Norwich, Riverside House 11-13 Riverside Road.

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