Polar Skate Co Ltd

Polar Skate Co Ltd, based in Didcot, UK, is a small, active company founded eleven years ago in December 5, 2013. With two employees and £1,575,215 in assets, it’s a relatively modest operation overseen by two directors and one owner. The company regularly imports toys, games, and sports equipment – 14 months of activity recorded – and exports clothing and accessories (not knitted or crocheted) for a substantial 157 months. It's a real address, with only two other companies registered there.

The company's website, Polar Skate Co., showcases a curated selection of skateboards, apparel, and accessories. It's clearly an e-commerce business, with a focus on visually appealing product displays and a strong brand identity. The site features a blog and film section, highlighting the company’s connection to the skateboarding community. They have a good selection of decks, tees, and accessories.

Financially, Polar Skate Co Ltd presents a mixed picture. Current assets have fallen significantly – a 67% decrease to £1,600,000 – and net assets have also dropped sharply, down 67% to £1,600,000. Cash reserves have plummeted 98%, leaving just £7,700. Trade debtors have also decreased by 63%, suggesting potential issues with customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the dramatic asset decline is concerning. There’s no auditor mentioned, so the figures are unaudited.

In short, Polar Skate Co Ltd is facing financial headwinds. While its brand and online presence appear strong, the significant drop in assets and cash reserves suggests a need for careful management. The company’s ability to navigate these challenges will depend on maintaining its brand appeal and controlling costs.

Registered in England/Wales under the registration number 08822373, with a registered address at OX11 7HB, United Kingdom, Didcot, Oxfordshire, Unit 3b Didcot Park Churchward, Southmead Industrial Estate.

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