Egertec Targets Limited

Egertec Targets Ltd from Havant, UK, is a small, active company founded ten years ago. Despite a respectable Google rating of 5.0 based on two reviews, the business is facing some financial and administrative challenges. The company, which has one director and owner (a solo founder), currently holds £39,653 in assets and operates from a real address. However, accounts are overdue by eight months, and confirmation is overdue by a year.

The company specializes in the manufacture of straw archery targets, a tradition stretching back to the 1950s. Its website highlights a long history of producing high-quality targets, supplying clubs, shops, distributors, and archers worldwide. The business harvests its own straw in Hampshire, emphasizing British craftsmanship and family ownership. Hugh Skilling, the owner, has been manufacturing Egertec Targets for 24 years and is actively involved in all aspects of the operation. The website also reveals a focus on bulk buys and reduced prices, targeting value-conscious customers.

Financially, Egertec Targets Ltd presents a mixed picture. While cash bank on hand increased by a significant 74%, current assets have fallen by 31%, and net assets have plummeted 760%, resulting in a negative equity of -£13,000. Trade debtors have also decreased substantially, while creditors have increased by 27%. The company’s small size (meeting two of three conditions for a small company) helps it remain flexible, but the sharp decline in equity raises concerns. The lack of an auditor is typical for a small company, and the unaudited accounts rely on director-reported data. The company’s recent increase in taxation social security payable by 1000% is also concerning.

Registered in England/Wales under the registration number 09308431, with a registered address at PO9 2BH, Havant, Hampshire, 196 Blendworth Crescent.

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