Newquay Boardriders Limited

Newquay Boardriders Limited is a small, active company based in Cornwall, UK, founded seventeen years ago in 2007. It employs seven people and holds £65,242 in assets. The company, run by a solo founder and overseen by two directors, operates as an irregular importer, bringing in clothing and accessories (excluding knitted or crocheted items) for short periods, with the last import occurring two months ago.

The company’s website reveals a fascinating blend of surfing culture and outdoor adventure. It’s a membership-based club situated right on Fistral Beach, offering board storage, hot showers, and a prime location for surfers. Founded in 1969, Newquay Boardriders has a rich history of producing top UK surfers, and now focuses on providing high-level competitions, social events, and junior training. The website also details a series of hiking events across Europe, suggesting a diversification into outdoor tourism.

Financially, Newquay Boardriders Limited presents a mixed picture. Current assets have fallen by 41%, dropping to £65,000, while net assets have plummeted 24% to -£92,000. Bank borrowings have decreased, but cash reserves are also down. Creditors have decreased, which is good, but the significant equity loss suggests the company is burning through money. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

Overall, Newquay Boardriders Limited appears to be navigating a challenging financial period. While its strong community and unique location offer a solid foundation, the company will need to address its equity losses to ensure long-term sustainability.

Registered in England/Wales under the registration number 06390305, with a registered address at PL12 6QQ, Cornwall, The Ranch, Landulph Cargreen, Saltash.

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