Padel Project Uk Limited

Padel Project Uk Limited, based in London, is a small, active company founded two years ago. It employs five people and holds £494,979 in assets. The company, led by six directors and a solo founder, Mathias Chris Anthony, operates from a real address in central London and is a regular importer of iron or steel products, with its last import operation occurring one months ago. It’s a solo founder.

The company’s primary focus is bringing padel tennis to the UK, operating courts in Darlington, Lowther Gardens, Potters Bar, and Worthing. Its website highlights a friendly, sociable atmosphere, catering to all ages and abilities—no membership required. The company even offers equipment rentals and lessons, encouraging newcomers to try the sport. The website also features a blog with articles on padel trends and tips, demonstrating a commitment to building a community around the game.

Financially, Padel Project Uk Limited shows some concerning trends. Accumulated depreciation impairment for property, plant, and equipment increased significantly, reaching £47,000, while intangible assets, specifically goodwill, rose to £140,000. Cash bank on hand remained steady at £420,000, but creditors increased to £45,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the increase in depreciation and creditors suggests it may be burning through cash faster than it’s bringing it in. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

Overall, Padel Project Uk Limited is a young company with a promising concept, but its financial health requires close monitoring. The company’s success hinges on attracting and retaining customers to offset rising costs and maintain a sustainable business model.

Registered in England/Wales under the registration number 14708612, with a registered address at WC2B 4AZ, United Kingdom, London, 1st Floor 15 Kean Street.

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