Freeman Surf Ltd

Freeman Surf Ltd, based in Braunton, UK, is a small, family-run business with an active status. Established fourteen years ago in 2011, the company employs four people and holds £91,303 in assets. It operates from a real address in Croyde, Devon, and is overseen by two directors and two owners. The business imports clothing and accessories made by knitting or crocheting, although import activity is irregular, with just two months of imports recorded, the last in March 2023. Officially, Freeman Surf Ltd operates in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles.

The company’s website isn't available, so it’s difficult to determine the extent of their online presence. However, their business description suggests a traditional retail model, potentially with a physical store alongside any online sales.

Financially, Freeman Surf Ltd shows a mixed picture. Current assets increased by 6.8% to £91,000, while net assets grew by 22% to £76,000. Bank borrowings have dramatically decreased by 67%, falling to £4,500, and cash reserves have also fallen by 52% to £6,900. Creditors decreased by 34%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in cash reserves should be monitored. The accounts are unaudited, as is common for small companies.

The company’s financial data indicates that it’s not burning through money rapidly, but it’s also not experiencing significant growth. The decrease in cash reserves could be due to increased inventory purchases or other investments, but it’s something to keep an eye on. The directors, Mr. and Mrs. Freeman, appear to be managing the business effectively, but the lack of an auditor makes it difficult to assess the company’s long-term financial health.

Registered in England/Wales under the registration number 07546563, with a registered address at EX33 1PS, Braunton, Devon, 1 Croyde Sands Bungalows Sandy Lane, Croyde.

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