K2-accessories Ltd

K2 Accessories Ltd, a small company based in Gateshead, UK, dissolved in 2024 after fifteen years of operation. Founded in 2009, the company employed just two people and held £95,321 in assets. It was a solo venture, run by a single director and owner, Pang Hoi, who also served as the sole director. The company operated from a real address and was an irregular importer, primarily dealing with miscellaneous metal items, with just one month of import activity recorded back in June 2020.

The company’s website, Aquaspray Ltd, reveals a much broader operation. It’s a service centre and supplier of spare parts for pressure washers, vacuum cleaners, and steam cleaners, catering to both domestic and commercial users. The site lists a vast range of machines and accessories from brands like Karcher, offering everything from replacement nozzles to complete scrubber-drier systems. It's clearly an e-commerce business, with a wide selection of products and a focus on providing parts and diagrams for various machines.

Financially, K2 Accessories Ltd’s recent performance raises concerns. Current assets have fallen significantly, dropping 39% to £95,000, while net assets have plummeted 63% to £29,000. Cash reserves have also taken a hit, decreasing 54% to just £30,000. Bank borrowings have increased, and trade debtors are down, which might suggest some difficulties with customer payments. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the sharp decline in equity is a worrying sign. No auditor is mentioned, meaning the figures are unaudited.

Overall, while the Aquaspray website suggests a thriving business, K2 Accessories Ltd’s financial data paints a picture of a company struggling to maintain its position. It’s unclear whether the two operations are closely linked, but for now, K2 Accessories Ltd appears to be facing challenges.

Registered in England/Wales under the registration number 06887176, with a registered address at NE8 2TA, England, Gateshead, Tyne & Wear, 211 Victoria Road.

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