Mad Water Sports Ltd

Mad Water Sports Ltd, based in Wadebridge, UK, is a small, active family business founded just four years ago. Employing four people, the company boasts a stellar 5.0 Google rating from 63 reviews and operates from a real address at 15 Dunveth Business Park. With four directors and two owners (Kirk Lesley Anne and Kirk Stephen William), the business is a tight-knit operation. It’s a regular importer of toys, games, and sports equipment, with the last import activity recorded three months ago.

The company’s website showcases a wide range of products, from surfboards and paddleboards to wetsuits and electric bikes—catering to water sports enthusiasts. It operates both a physical store and an online shop, offering brands like Channel Islands, O’Brien, and Super73. The website also features a blog with advice and information for customers, reinforcing its position as a knowledgeable retailer.

Financially, Mad Water Sports Ltd presents a mixed picture. While cash reserves increased by a substantial 200% to £5,800, net assets decreased by 31% to -£90,000. Bank borrowings were reduced to zero, a positive sign, but trade creditors increased by 55% to £46,000. Depreciation on vehicles increased by 57% to £28,000. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

The company's recent increase in cash reserves is encouraging, but the decrease in net assets suggests ongoing financial pressures. The company's focus on a niche market and its strong online presence could help it navigate these challenges, but it will need to manage its creditors and maintain its customer base to ensure long-term success.

Registered in England/Wales under the registration number 12883012, with a registered address at PL27 7FE, United Kingdom, Wadebridge, Cornwall, 15 Dunveth Business Park, West Hill.

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