Pg Padel Academy Ltd

Pg Padel Academy Ltd, based in Kingston Upon Thames, UK, is a small, active company founded four years ago in May 2020. It’s a solo-founded operation with one director and one owner, holding just £6,224 in assets. The company operates in the retail sale via mail order houses or via internet industries. Its registered address is real, with only two companies registered there, suggesting a legitimate business.

The company’s website is minimal, but it does have a presence on social media. It appears to be focused on selling padel equipment and accessories online. It's a small business, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Pg Padel Academy Ltd presents a mixed picture. Cash reserves increased by a substantial 140% to £5,700, a positive sign. However, creditors decreased by 48%, and net assets dropped by 87% to -£1,700. Bank borrowings decreased by 100%, which is good, but trade debtors increased to £530. The company’s small size and lack of employees (zero reported) keep overheads low, but the declining equity raises concerns. No auditor is mentioned, so the figures are unaudited.

Overall, Pg Padel Academy Ltd seems to be navigating early-stage challenges. The increase in cash is encouraging, but the significant drop in equity suggests the company is burning through money. It's a small business with a niche focus, but its long-term success will depend on its ability to generate sustainable revenue and manage its finances effectively.

Registered in England/Wales under the registration number 12635274, with a registered address at KT2 5QY, England, Kingston Upon Thames, 10 Dukes Avenue.

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