Pennine Sports Ltd

Pennine Sports Ltd, based in Huddersfield, UK, is a small, active company founded seven years ago in 2018. Employing five people, the business holds £784,242 in assets and operates from a virtual address—a fact highlighted by the presence of 155 other companies registered at the same location. It’s managed by two directors and two owners, and currently has a 3.0-star rating on Google based on seven reviews. The company regularly imports vehicles, parts, and accessories, with 24 months of import activity recorded, the latest in August 2024.

Pennine Sports Ltd specializes in bringing sporting brands to life, offering end-to-end design, manufacturing, import, and fulfillment solutions for the sporting leisure goods sector. Their website emphasizes bespoke solutions and the ability to design, develop, and retail customers' own brand products. The company's expertise lies in the cycle market, providing quality service, product, and aftercare. It’s a tight-knit operation with over 60 years of cycling and sporting industry experience.

Financially, Pennine Sports Ltd shows a mixed picture. Current assets have declined by 32% to £780,000, while net assets have plummeted 98% to just £2,000. Bank borrowings have decreased by 65% to £120,000, and cash reserves have fallen dramatically by 84% to £19,000. Creditors have decreased by 58% to £190,000, suggesting improved debt management. 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 stay agile, but the sharp equity drop is a concern. There’s no auditor mentioned, so the figures rely on unaudited statements.

It seems like Pennine Sports Ltd is facing some financial headwinds, despite its established industry experience and bespoke service offerings. The company's reliance on imports and its position as a supplier to other brands may be contributing to these challenges.

Registered in England/Wales under the registration number 11264550, with a registered address at HD1 1PA, England, Huddersfield, 35 Westgate.

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