Padel Xo Ltd

Padel Xo Ltd, based in Ipswich, UK, is a small holding company with an active status, established six years ago in December 2018. It employs just one person and holds £69,261 in assets, operating from a virtual address shared by many other businesses. The company is led by two directors and owned by Sporting Futures Group Ltd and Evans Maxwell. Padel Xo Ltd is a regular importer, specializing in toys, games, and sports equipment, with 25 months of import activity recorded, the last in February 2025.

The company’s website, PadelXO, focuses on providing premium Padel court covers. Founded by Max Evans, a former international rugby player, the business aims to set a high standard of quality in the Padel market. The site details the growing popularity of Padel Tennis and showcases PadelXO’s two court specifications – Panoramic and Pillared – emphasizing quality materials and construction. It also offers coach education workshops and provides information on Padel court covers, including custom color options.

Financially, Padel Xo Ltd presents a mixed picture. While current assets have significantly increased by 200% to £69,000, net assets remain in the negative at -£46,000. Cash bank on hand has decreased by 9.6% to £21,000. Creditors have risen substantially by 48% to £120,000, and trade debtors have jumped to £42,000. Bank borrowings have also increased, and the company's equity has been reduced. The company is small, meeting two of three conditions for classification, and is exempt from an audit. It's clear that the company is growing, but the increase in liabilities suggests it’s burning through cash to fuel that growth, and perhaps needs to carefully manage its cash flow.

Registered in England/Wales under the registration number 11743960, with a registered address at IP1 2HA, England, Ipswich, 1 London Road.

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