Frogsborn Diving Services Limited

Frogsborn Diving Services Limited, based in Deeside, UK, is a small, active company founded seven years ago in 2017. With a single employee and £45,299 in assets, it’s a solo founder operation led by a director and owner, Frost Richard. The company maintains a real registered address and boasts a perfect 5.0 Google rating from 78 reviews. It operates as an irregular importer, primarily dealing in clocks, watches, and their parts, with the last import activity recorded two months ago.

The company’s website is currently unavailable, so it’s hard to say exactly what they do. However, company filings indicate they operate in the "other retail sale of new goods in specialised stores" industry. It's likely they sell diving equipment or related accessories, given the name, but more information is needed.

Financially, Frogsborn Diving Services Limited presents a mixed picture. Accumulated depreciation on plant and machinery increased by 9.6%, while vehicle depreciation rose a more substantial 18%. Bank borrowings decreased by 35%, which is good, but cash reserves dropped 11% to £42,000. Creditors also decreased by 35%, suggesting better debt management. However, net assets declined by 17% to £33,000, and net current assets fell by 22% to £29,000. The company meets two of three conditions to be considered small, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no auditor mentioned, so the accounts are unaudited.

Overall, Frogsborn Diving Services Limited appears to be navigating a period of adjustment. While it maintains a strong online reputation, the decline in net assets and current assets suggests it's burning through cash. The company’s small size and solo founder model may provide agility, but the lack of financial reserves could pose a challenge in the long run.

Registered in England/Wales under the registration number 10898465, with a registered address at CH5 3QB, Wales, Deeside, Hawarden Industrial Park Manor Lane, Hawarden.

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