Qinetic Sports Limited

Qinetic Sports Ltd, based in Sheffield, UK, is a small, active company founded seven years ago. With a single employee and £18,932 in assets, it operates from a real address and is led by one director and owner. The company is an irregular importer, primarily dealing in electrical machinery and equipment, with its last import activity recorded over a year ago in December 2022.

The company's website, infokineticsportsgroup.co.uk, reveals a focus on children's physical education and active learning. It provides multi-sports camps and coaching services in Torbay, catering to schools and offering holiday programs. The website emphasizes inspiring children through movement, building self-confidence, and promoting healthy habits. It also features testimonials from schools praising the quality and impact of their programs. It appears to be primarily a service-based business, not an e-commerce operation, with a strong emphasis on in-person engagement and community outreach. The company even has a physical office address listed for bookings.

Financially, Qinetic Sports Ltd presents a mixed picture. While cash reserves increased by 21% to £17,000, current assets declined by 7.8% to £19,000. Bank borrowings decreased slightly, but creditors increased significantly by 29% to £45,000. The company’s equity, however, took a substantial hit, dropping 37% to -£39,000. 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 flexibility, but the decline in equity is concerning. The lack of an auditor mentioned suggests the company is exempt from an audit as a small entity. It seems like the company is burning through money, possibly due to the costs associated with running physical programs and camps.

Registered in England/Wales under the registration number 11035027, with a registered address at S6 6QA, United Kingdom, Sheffield, South Yorkshire, 2 Auckland Avenue, Loxley.

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