Edge Watersports Limited

Edge Watersports Ltd, based in Exmouth, UK, is a small, family-run business with an active status, celebrating 18 years since its founding. Employing 19 people, the company holds £488,273 in assets and operates from a virtual address, a detail that's a bit unusual as 113 companies share the same location. Four directors and three owners—Bridge Guy, Bridge Eric John, and Bridge Stephanie Mary—lead the business, which enjoys a stellar 5.0 Google rating from 95 reviews. The company regularly imports toys, games, and sports equipment, with its last import operation recorded three months ago in June 2022.

The company’s website showcases a thriving watersports centre offering lessons, equipment hire, and a webshop. They specialize in kitesurfing, paddleboarding, and wingsurfing, catering to both beginners and experienced enthusiasts. The site also highlights events, holiday packages, and a youth academy—a clear indication of their commitment to nurturing the next generation of watersports athletes. The website even has a blog with recent adventures, and a guide to the local area.

Financially, Edge Watersports Ltd presents a mixed picture. Current assets have fallen by a significant 27% to £490,000, while net assets have plummeted 31% to £370,000. Bank borrowings have increased by 2,400%, reaching £29,000, and cash reserves have fallen 9.3% to £310,000. Creditors, however, have increased by 42%, suggesting a need for more cashflow. The company’s small size—meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—helps it remain agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Edge Watersports Ltd seems to be facing some financial pressures, although its strong Google rating and diverse offerings suggest a loyal customer base. Whether the company can sustain its growth and navigate these challenges remains to be seen.

Registered in England/Wales under the registration number 06006215, with a registered address at EX8 1BD, United Kingdom, Exmouth, Devon, 28 Alexandra Terrace.

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