Leisuretec Surfaces Limited

Leisuretec Surfaces Ltd, based in Glasgow, UK, is a small, family-owned business with an active status, celebrating 17 years since its founding. The company employs twelve people and holds £284,925 in assets, operating from a virtual address shared by many other businesses. With one director and two owners, it's a tight-knit operation that irregularly imports carpets and textile floor coverings—just one month of imports were recorded as of March 2022.

The company's website paints a picture of a seasoned player in the artificial sports surfaces market. Leisuretec Surfaces specializes in the supply, installation, and maintenance of synthetic sports surfaces, catering to a wide range of clients, from football clubs like St Johnstone FC to schools and councils. It also operates under the EaziLawn brand, indicating a broader focus on domestic and commercial surfaces. The company boasts extensive experience, with personnel having worked in the sports surface market for over 25 years, even undertaking projects in cities worldwide, from Hong Kong to Melbourne. They offer services ranging from golf courses and sports pitches to bowling greens, and maintain offices in Dundee, Glasgow, Edinburgh, Aberdeen, and Inverness.

Financially, Leisuretec Surfaces Ltd shows some concerning trends. While cash bank on hand increased by 21% to £160,000, current assets declined by 1.2% to £280,000. Perhaps more worrying, trade debtors dropped a significant 60% to just £19,000, suggesting potential payment issues. On the plus side, creditors decreased by 8.4%, indicating better debt management. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the drop in debtors and the increase in bank borrowings (though not explicitly stated, implied by the change in cash) raise questions. The company’s accounts are unaudited, as is typical for small businesses, and no auditor is mentioned.

Overall, Leisuretec Surfaces Ltd appears to be a well-established player in a niche market, but the recent financial data suggests it's facing some challenges. The company's success will likely depend on maintaining its reputation for quality and service, and effectively managing its cash flow.

Registered in Scotland under the registration number SC342296, with a registered address at IV2 3BW, Scotland, Inverness, Kintail House, Beechwood Business Park.

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