Padel Corner Ltd

Padel Corner Ltd, based in Woodford Green, UK, is a small, active company founded three years ago. With three employees and £286,331 in assets, it operates from a virtual address—a detail worth noting as 741 companies share the same location. The business is led by one director and has two owners, and it runs an e-commerce site with a stellar 5.0 Google rating based on two reviews. It’s a regular importer, specializing in toys, games, and sports equipment, with the most recent import activity occurring in October 2024.

The company’s website, Padel Corner, is dedicated to selling padel tennis equipment. It offers a range of products, including rackets, bags, clothing, and footwear from leading brands like Tecnifibre and Bullpadel. The site highlights free shipping over £100, easy returns, and 24/7 customer support—all standard features of a modern online retailer. It even has a section showcasing happy customers and blog posts offering advice on padel gear.

Financially, Padel Corner Ltd presents a mixed picture. While cash bank on hand increased by 90% to £870, current assets dropped by 18% to £290,000. Bank borrowings surged by a staggering 130% to £24,000, and net current assets plummeted 440% to -£110,000—a significant decline. Trade debtors also jumped by 560% to £35,000, suggesting a reliance on customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) keeps it nimble, but the drop in equity is concerning. The accounts are unaudited, likely due to its small size, and no auditor is mentioned.

Overall, Padel Corner Ltd seems to be facing some financial pressures, despite its strong online presence and positive customer reviews. It’s a small business navigating the challenges of e-commerce, and whether it can sustain its growth remains to be seen.

Registered in England/Wales under the registration number 13621220, with a registered address at IG8 8EY, England, Woodford Green, Essex, The Retreat, 406 Roding Lane South.

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