Newitts Of York Limited

Newitts Of York Ltd, based in York, UK, is a holding company with an active status, established fourteen years ago in 2010. The company employs four people and holds £577,963 in assets. It operates from a real address, is overseen by three directors and owned by two individuals, and is described as a family business. Newitts.com is an e-commerce site offering sports equipment and sportswear, and boasts an impressive Google rating of 5.0 based on 1,130 reviews.

The website showcases a wide range of sports goods, including brands like Nike, Wilson, and Mitre, catering to various sports and fitness activities. It features clearance sales, free delivery on orders over £75, and a frequently asked questions section to assist customers. The site also includes a blog and newsletter signup, indicating a focus on customer engagement and promotion.

Financially, Newitts Of York Ltd demonstrates a mixed picture. Current assets increased by 3%, reaching £580,000, while net assets grew by 5.1% to £6.4 million. Bank borrowings decreased by 7.4%, falling to £1.5 million, and cash reserves increased by 40% to £340,000. However, deferred income increased by a significant 78%, reaching £190,000, suggesting potential future revenue recognition challenges. Administrative expenses rose by 4.3%, reaching £2.4 million. The company’s average number of employees decreased by 25% to three, which could be due to seasonal fluctuations or restructuring. The company’s auditor is BHP LLP.

Overall, Newitts Of York Ltd appears to be financially stable, with growing assets and decreasing debt. The increase in deferred income is something to keep an eye on, but the company’s strong online presence and positive customer reviews suggest a promising future.

Registered in England/Wales under the registration number 07269592, with a registered address at YO60 7RE, York, North Yorkshire, Claxton Hall, Flaxton.

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