Padel Sports Ltd

Padel Sports Ltd, a small holding company based in London, UK, has been active for three years. With £899,512 in assets and a real address at 9 Devonshire Mews South, it’s a modest operation managed by three directors and two owners. The company runs an e-commerce site and irregularly imports electrical machinery and equipment, with the last import occurring one month ago. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s website, pdhsports.com, is a bustling online retailer specializing in racket sports equipment. It showcases a wide range of products, from tennis and squash rackets to badminton and pickleball gear, catering to various skill levels. The site prominently features exclusive offers and promotions, including free gifts with qualifying purchases, like Dunlop towels with new Dunlop Galactica rackets and KSwiss sports towels with KSwiss shoes. The site also highlights several brands, including Adidas, Babolat, Dunlop, HEAD, Tecnifibre, and Wilson. It’s clear the company is focused on driving sales through its online platform.

Financially, Padel Sports Ltd’s recent performance presents a mixed picture. Current assets have fallen by 33%, dropping to £900,000, while net assets have also declined, although less dramatically, by 1.9% to £880,000. Bank borrowings have increased significantly, rising by 2,400% to £300,000, and cash reserves have plummeted 47% to £520,000. Creditors have also increased substantially, jumping 140% to £2.2 million. The company’s small size, as defined by its financial metrics, allows for agility, but the increase in debt and decrease in cash reserves suggests potential financial pressure. The company’s accounts are unaudited, which is common for small entities. The directors list was changed three months ago, which could be a good sign for potential buyers.

Registered in England/Wales under the registration number 13460976, with a registered address at W1G 6QW, England, London, Greater London, 9 Devonshire Mews South.

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