Parthian Climbing Limited

Parthian Climbing Ltd from Wigan UK: a small, active company founded 21 years ago, employs 97 people, and holds £997,302 in assets. It operates from a virtual address, has four directors, and surprisingly, no owners are listed. The company is an irregular importer of clothing and accessories, not knitted or crocheted, with just one month of imports recorded as of April 2024.

The business is primarily focused on operating climbing centres across the UK, with locations in Wandsworth, Southampton, Reading, and Manchester. Its website promotes a welcoming environment for climbers of all levels, from beginners to experienced individuals. They offer adult and kids sessions, prices, and news and events, and even have a recruitment section. The website also highlights the company's commitment to community and passion for climbing, featuring staff updates and charity initiatives. Customer reviews are overwhelmingly positive, praising the friendly staff, clean facilities, and enjoyable climbing experiences.

Financially, Parthian Climbing Ltd’s report shows some concerning trends. Current assets have dropped significantly by 40%, falling to £1 million. Bank borrowings have increased by a substantial 32%, reaching £1.3 million, and cash reserves have plummeted 70%, leaving only £160,000. Equity has also taken a hit, decreasing by 58% to £550,000. While creditors have decreased slightly, the overall picture suggests a company facing financial pressure. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned likely means the financial statements are unaudited.

The company’s reliance on a virtual address, with 71 other companies registered at the same location, raises questions about its operational structure. Despite these challenges, Parthian Climbing Ltd appears to maintain a strong brand reputation and dedicated customer base—though whether it can sustain its growth and profitability remains to be seen.

Registered in England/Wales under the registration number 04931885, with a registered address at WN1 2TB, United Kingdom, Wigan, Lancashire, Douglas Bank House, Wigan Lane.

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