Padeltastic Ltd

Padeltastic Ltd from Sutton UK: a small, active company founded three years ago, employs two people, and holds £1,211,344 in assets. Operating from a virtual address, the company is led by two directors and owned by two individuals. It’s an irregular importer of aluminum and aluminum products, with just one month of imports recorded in the last year.

The company’s core business revolves around the supply and installation of padel courts and canopies, as evidenced by its website, Padel Tech. It positions itself as the UK's premier provider, offering a range of services from site surveys and planning permission assistance to court construction and maintenance. Padel Tech boasts exclusive distribution rights for AFP Courts, Adidas, and several canopy manufacturers, enabling it to provide bespoke solutions for venues across the UK and internationally. The website also highlights a network of 150 court installations, spanning nine countries and 82 locations.

Financially, Padeltastic Ltd shows a mixed picture. While cash reserves have surged by an impressive 310% to £1.1 million, net assets have also increased by 420% to £1.5 million. However, trade creditors have skyrocketed by 300% to £77,000, and bank borrowings have increased by a significant 180% to £67,000. The number of employees has also risen sharply, increasing by 250% to seven. The company’s small size—meeting two of three conditions for being considered small—helps it remain flexible, but the rise in debt suggests it’s investing heavily in growth. No auditor is mentioned, which is common for small companies.

The company’s increased borrowing and rising number of employees could indicate expansion plans, but it’s also possible that the company is burning through cash to fuel its growth. The fact that the registered address is virtual and shared by 61 companies is a little concerning, but it’s a common practice for smaller businesses.

Registered in England/Wales under the registration number 13794324, with a registered address at SM2 5DA, England, Sutton, Salatin House, 19 Cedar Road.

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