Leicester Basketball Limited

Leicester Basketball Limited is a small, active company based in Leicester, UK, established eighteen years ago in 2007. With a real address at Mattioli Arena, it employs twenty-five people and holds £157,270 in assets. The company is led by three directors, including Kevin Routledge, and is owned by Kevin Routledge. It operates in the sports clubs industry and irregularly imports optical and medical tools and devices, with the last import activity recorded one month ago.

The company’s website, leicesterbasketball.co.uk, showcases its primary activity: running a professional basketball franchise. The site details team schedules, player profiles, ticket information, and merchandise—a clear focus on fan engagement and revenue generation. While the website doesn’s explicitly mention e-commerce beyond merchandise sales, the presence of a ticketing system suggests online transactions are a key component of its operations.

Financially, Leicester Basketball Limited is showing concerning trends. Current assets have fallen by a significant 53%, dropping to £160,000. Net assets have also plummeted 61%, ending at £250,000. Bank borrowings have increased by 24%, reaching £13,000, while cash reserves have drastically decreased by 100%, leaving just £160. Creditors have also risen by 57%, reaching £590,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, relying on unaudited financial statements.

The sharp decline in cash reserves and the increase in bank borrowings suggest the company may be burning through money. It's possible that increased operating expenses, such as player salaries or marketing costs, are putting a strain on its finances. The reliance on irregular imports could also be a factor, as supply chain disruptions or changing regulations could impact its ability to source goods. While the basketball franchise appears to be active and engaging fans, the financial data paints a picture of a company facing challenges—and it’s unclear if it can sustain its operations in the long term.

Registered in England/Wales under the registration number 06214496, with a registered address at LE1 3UL, England, Leicester, Leicestershire, Mattioli Arena, 12 Memory Lane.

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