Meandmysports Limited

Meandmysports Limited is a small, holding company based in Cannock, UK, with an active status. Founded fourteen years ago in 2011, the company employs thirteen people and holds £120,039 in assets. It operates from a real address and is overseen by three directors and four owners. The business runs an e-commerce site selling sports gifts and accessories.

The company’s website, Meandmysports, showcases a wide range of gifts for sports enthusiasts, including rugby, football, golf, tennis, cycling, and cricket. It offers personalised gifts, sports shoe tags, and other accessories. The site emphasizes a curated selection and caters to both men and women. It’s clear the company is focused on retail sale via mail order and internet.

Financially, Meandmysports Limited has experienced some notable shifts. Current assets have fallen by nearly half, dropping to £120,000—a significant decrease. Bank borrowings have increased by a substantial 9.3%, reaching £67,000, while cash reserves have plummeted 65%, leaving just £42,000. Creditors have also risen, though not as dramatically, increasing by 18% to £200,000. The company’s equity has taken a big hit, with retained earnings dropping by a staggering 170% to -£53,000. It’s worth noting that the company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. No auditor is mentioned, likely due to its small size.

These financial trends suggest the company may be burning through cash, although it’s likely a result of increased investment in inventory or marketing. The significant drop in equity is concerning, and the increase in bank borrowings indicates a reliance on external funding. The company’s small size provides agility, but it also makes it more vulnerable to economic headwinds. The lack of employees, with no one listed beyond the directors, suggests a lean operation, but it could also limit its ability to scale.

Registered in England/Wales under the registration number 07608507, with a registered address at WS11 7FD, England, Cannock, 2nd Floor Pendragon House Ridings Park, Eastern Way.

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