Genesis Sports Ltd

Genesis Sports Ltd is a small, active company based in Manchester, UK, founded thirteen years ago in 2011. With five employees and £513,621 in assets, it operates from a virtual address, registered at Regency Court, and is overseen by one director and owner. The company regularly imports toys, games, and sports equipment – a consistent activity over the past 24 months, with the most recent import in August 2024. It also exports these items, though less frequently, with only one month of export activity recorded back in November 2021.

The company’s website, Genesis Sports Trade, is a dedicated online store for fishing tackle and related equipment. It showcases a wide range of products, including rods, reels, chairs, bedchairs, bite alarms, and bait boats, catering to the carp fishing community. The site features a blog with helpful articles, product reviews, and special offers, indicating a focus on customer engagement and building a loyal following. It even offers pre-order options and a Klarna payment plan, showing a modern e-commerce approach.

Financially, Genesis Sports Ltd presents a mixed picture. Current assets have fallen by 19%, dropping to £510,000, while net assets have also decreased by 11%, settling at £270,000. Bank borrowings have been reduced by 11%, down to £110,000, and cash reserves have fallen by 28% to £310,000. Trade debtors have increased significantly by 450%, reaching £72,000, suggesting potential issues with customer payments. 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 agility, but the decrease in equity and increase in debtors warrants attention. No auditor is mentioned, meaning the financial statements are unaudited.

Overall, Genesis Sports Ltd seems to be navigating a period of change. While the online store appears active and well-stocked, the financial data suggests some challenges in managing cash flow and collecting payments. It's a small business, and the pressures of the current economic climate are likely impacting its performance.

Registered in England/Wales under the registration number 07729800, with a registered address at M3 2EN, United Kingdom, Manchester, Regency Court, 62-66 Deansgate.

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