Proswimwear Limited

Proswimwear Ltd, based in Bridgwater, UK, is a small, active family business founded 18 years ago. Employing 20 people, the company holds £1,673,904 in assets and maintains a real address. With three directors and two owners, it boasts a respectable Google rating of 4.0 based on 253 reviews. The company regularly imports clothing and accessories made by knitting or crocheting (82 months) and exports clothing and accessories, not knitted or crocheted (51 months).

Proswimwear operates in the retail sector, specifically focusing on the sale of swimwear and related accessories. The company's website, though not fully detailed in the provided information, suggests an e-commerce focus, likely selling directly to consumers online. It’s a fairly standard online retail model.

Financially, Proswimwear Ltd presents a mixed picture. While cash reserves increased by a healthy 95% to £49,000, other key metrics show decline. Current assets decreased by 14% to £1,700,000, and net assets dropped by 6.3% to £440,000. Bank borrowings, however, have dramatically decreased, falling by 99% to a mere £440—a positive sign. Trade creditors also decreased by 21%, suggesting improved management of short-term debt. The company’s size (meeting two of three criteria for a small company) allows for flexibility, but the decline in equity warrants attention. Average number of employees during the period has fallen considerably, dropping 65% to just 7 people. This could be due to seasonal fluctuations or a restructuring of operations. The company is exempt from an audit, so the figures are unaudited.

Overall, Proswimwear Ltd appears to be navigating a period of change. While cash flow has improved, declines in assets and equity suggest potential challenges. The reduction in employees may indicate a shift in business strategy, and it will be interesting to see how the company adapts to these evolving conditions.

Registered in England/Wales under the registration number 06130898, with a registered address at TA6 5HL, England, Bridgwater, Somerset, Unit 1 Plum Lane, Dunwear.

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