Fly South Ltd

Fly South Ltd, based in Teignmouth, UK, is a small, active company founded five years ago. With just one employee and £11,384 in assets, it’s a solo venture led by a single director and owner. The company operates an e-commerce site specializing in boxing and MMA equipment, offering a wide range of gloves, boots, headgear, and apparel.

The Fly South Ltd website showcases a premium collection of boxing and MMA gear, emphasizing craftsmanship and British manufacturing. The site offers custom design options and a bespoke service, catering to individual fighters and teams. It’s clear that the company aims to provide high-quality equipment for serious athletes, with a focus on performance and style. The website also features a blog with helpful articles on training and equipment selection, further establishing Fly South Ltd as a knowledgeable resource in the combat sports community.

Financially, Fly South Ltd presents a mixed picture. While cash bank on hand has increased by a substantial 310%, suggesting improved liquidity, net assets have decreased by 51% to -£3,500. This is a significant drop, and it’s worth noting that accrued liabilities have also increased. Trade debtors have vanished completely, which could be a positive sign of efficient collections, but it also means a complete loss of income. Bank borrowings have risen slightly to £20, indicating a need for external funding. The company’s small size (meeting two of three conditions for a small company) means it’s exempt from an audit, so the figures are unaudited.

Overall, Fly South Ltd seems to be navigating a challenging financial landscape. The increase in cash is encouraging, but the decline in equity and the need for bank borrowing suggest the company is burning through money. Whether the bespoke design services and premium products can generate enough revenue to offset these costs remains to be seen.

Registered in England/Wales under the registration number 11968750, with a registered address at TQ14 8AR, United Kingdom, Teignmouth, Devon, 5, Den Road.

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