Fishing Matters Limited

Fishing Matters Limited, based in Wincanton, UK, is a small, active company founded 27 years ago in 1997. With 12 employees and £433,930 in assets, it operates from a real address and is overseen by four directors and two owners. The business regularly imports and exports toys, games, and sports equipment – 98 months of imports and 96 months of exports recorded.

The company’s core activity seems to be non-specialised wholesale trade, with a focus on the fishing industry, as evidenced by its name and the sale of fishing hooks and ancillary equipment. It’s a family-run operation, and the business has been around for a while.

However, the recent financial data paints a mixed picture. While trade debtors increased by 8.2%, suggesting better customer payments, current assets fell by 7.3% to £430,000. Bank borrowings increased by 8.3% to £62,000, and cash reserves dropped a significant 63% to just £1,900. Net assets have also decreased, and the company is reporting losses. It's a small company, meeting two of three conditions for classification (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). The lack of an auditor is typical for a company of this size.

The company’s net losses deepened to -£44,000, and creditors increased by 5.7% to £440,000. It’s possible the company is investing in inventory or expanding its operations, which could explain the increased borrowing and higher creditors. The decrease in cash reserves is concerning, but it’s important to remember that these are unaudited figures. It seems that the company is facing some financial challenges, but it’s too early to say whether these are long-term issues.

Registered in England/Wales under the registration number 03369600, with a registered address at BA9 9EB, England, Wincanton, Somerset, 3 Lawrence House Yard, Southgate Road.

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