Love Basketball Academy Ltd

Love Basketball Academy Ltd is a small, active company based in Waterlooville, UK, founded eleven years ago in 2013. It’s a solo venture, run by a single director and owner, Martin Jose Sanchez, and employs just one person. The company operates from a virtual address, sharing space with twelve other businesses, which is a bit unusual. It’s registered as a private limited company with number 08573666. The business focuses on sports and recreation education, and it’s an irregular importer, bringing in clothing and accessories made by knitting or crocheting, with just one month of import activity recorded back in September 2022.

While the company’s activities are primarily focused on education, it’s unclear if it has a website or any online presence. The company’s focus on sports education suggests a local operation, possibly offering basketball coaching or training programs. The irregular import activity hints at a small-scale sourcing operation, perhaps supplementing its educational materials or offering unique apparel.

Financially, Love Basketball Academy Ltd shows a mixed picture. Cash bank on hand increased by 36% to £4,700, which is good news. However, net assets improved by a staggering 350% to £2,200, a significant turnaround from a previous loss. Creditors decreased by 50% to £2,600, suggesting better management of its debts. However, net current assets and liabilities dropped by 220% to £2,100, which is a bit concerning. Property, plant, and equipment also decreased by 80% to just £160. 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 exempt from an audit, so the numbers are unaudited.

Overall, Love Basketball Academy Ltd appears to be stabilizing after a difficult period. The increase in cash and decrease in creditors are positive signs, but the significant drop in property, plant, and equipment and the decrease in net current assets and liabilities warrant closer attention. It’s a small operation with a unique blend of educational services and irregular imports, and its long-term success will likely depend on its ability to maintain its niche and manage its finances carefully.

Registered in England/Wales under the registration number 08573666, with a registered address at PO7 5NT, Waterlooville, Hampshire, 62 Stakes Road, Purbrook.

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