Kitesurf Warehouse Limited

Kitesurf Warehouse Ltd from Belfast UK: a small, active company founded 14 years ago, holds £130,804 in assets, and operates from a real address. It's a lean operation with one director and one owner, running an e-commerce site. The company is considered small, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Kitesurf Warehouse is a dedicated online retailer specializing in kitesurfing equipment. Their website showcases a wide range of products, from kites and boards to harnesses and wetsuits, catering to both beginners and experienced kiters. Brands like North Kiteboarding, CrazyFly, and Ocean Rodeo are prominently featured, alongside training packages and accessories. The site’s layout is well-organized, with clear categories and detailed product descriptions, and even a blog offering advice and reviews. It’s a comprehensive online destination for anyone involved in kitesurfing.

Financially, Kitesurf Warehouse Ltd presents a mixed picture. While current assets remain relatively stable at £130,000, there's a noticeable decline in cash bank on hand, dropping 75% to just £2,600. Creditors have increased significantly by 17%, reaching £160,000, while bank borrowings have surged by 2,400% to £29,000. Equity has also taken a hit, decreasing by 170% to -£20,000. The company’s small size and lack of employees (zero reported) keeps overheads low, but the decrease in equity raises concerns. No auditor is mentioned, which is expected for a small, exempt company.

Overall, Kitesurf Warehouse Ltd appears to be navigating a challenging financial period. While its online presence is strong and its product offering is comprehensive, the company needs to address its declining cash reserves and increasing debt to ensure long-term sustainability.

Registered in Northern Ireland under the registration number NI607004, with a registered address at BT8 7QN, Belfast, Co Down, 2 Beechill Business Park, Beechill Road.

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