North East Scooters Ltd

North East Scooters Ltd, based in Newcastle Upon Tyne, UK, is a small, active company founded ten years ago in 2015. With a single employee and £45,324 in assets, it’s a solo venture led by a single director and owner, Lynch Barry. The company operates in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles industries. It’s an irregular importer, primarily dealing in toys, games, and sports equipment, with just one month of import activity recorded as of December 2024.

The company’s website, Northeast Mobility, showcases a range of mobility scooters and powerchairs, catering to customers seeking greater independence. The site emphasizes expert advice and competitive pricing, with a focus on providing solutions for regaining mobility. It even has a showroom where customers can try out the scooters before purchasing. It’s clear they’re focused on a specific niche – providing mobility solutions.

Financially, North East Scooters Ltd presents a mixed picture. Bank borrowings increased significantly by 44% to £43,000, while cash reserves grew by 40% to £10,000. Creditors also increased by 39% to £67,000, and current assets rose by 29% to £45,324. However, equity decreased by 67% to -£21,000, suggesting the company is burning through cash. The company meets two of the three criteria for being a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), and no auditor is mentioned, so the figures are unaudited.

It seems the company is experiencing growth, but it’s also relying heavily on borrowing and facing a significant equity deficit. Whether this is a temporary phase or a longer-term challenge is unclear, but for now, North East Scooters Ltd is betting on its mobility solutions and customer service to sustain its operations.

Registered in England/Wales under the registration number 09380198, with a registered address at NE1 8DQ, England, Newcastle Upon Tyne, Ripped Knees Third Floor, 5 Saville Place.

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