Edinburgh Rifles And Sporting Goods (uk) Limited

Edinburgh Rifles And Sporting Goods (uk) Limited, based in Morpeth, UK, is a small, active company established eight years ago. With two employees and £166,441 in assets, it’s a modest operation managed by three directors and a single owner, Bewsher Edward. The company has a real address and a perfect 5.0 Google rating from 35 reviews. It’s an irregular importer, with its top import category being Weapons and Ammunition, totaling 2 months of imports, the last in June 2022.

The company operates in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles industries. It appears to be a brick-and-mortar business, with no website mentioned, suggesting a focus on local sales and perhaps trade shows. It's unclear if they have an online presence, but the lack of a website is not uncommon for smaller, regional businesses.

Financially, Edinburgh Rifles And Sporting Goods (uk) Limited shows some concerning trends. Accumulated depreciation for computer equipment increased by 28%, while furniture fittings saw a significant jump of 52%. Bank borrowings surged by a staggering 740%, reaching £55,000, a considerable increase from the previous year. Cash reserves, however, completely vanished, dropping 100% to zero. Creditors remained relatively stable, at £120,000. 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 stay agile, but the sudden cash drain and increased debt raise questions about its financial health. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s reliance on irregular imports of weapons and ammunition, while a niche market, could also present challenges. It’s difficult to say if this is a sustainable business model, but the financial data suggests a need for careful management and perhaps a diversification of revenue streams.

Registered in England/Wales under the registration number 10354703, with a registered address at NE61 6BA, Morpeth, Northumberland, The Bellasis, Stannington.

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