Riptide Pools Limited

Riptide Pools Ltd from Chelmsford UK is a small holding company with an active status, established seventeen years ago. The company employs thirty-one people and holds assets totaling £1,900,302. With a real address and a single director and owner, Riptide Pools regularly imports optical and medical tools and devices, with a history of seventy-nine months of imports.

The company operates in the specialized retail sector, selling hot tubs, swim spas, and exercise pools through its website, BETA Wellness. The site showcases a range of products, including the popular Fun Spa and Infinity Series, and emphasizes testing facilities and a welcoming atmosphere. BETA Wellness, formerly Hot Tub Barn, is a UK supplier of hot tubs and swim spas, with showrooms in Chelmsford, Sevenoaks, and Ashford. The company is now part of Crystal Island, preparing for an IPO, and focuses on sustainable production and innovation.

Financially, Riptide Pools Ltd’s recent report presents a mixed picture. Current assets have decreased by 14%, dropping to £1,900,000, while net assets have fallen by a significant 53%, resulting in a negative equity of £2,900,000. Bank borrowings have increased, and cash reserves have dropped considerably. However, trade debtors have increased by 89%, suggesting improved sales, and creditors have decreased by 19%, indicating better management of short-term liabilities. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. The report was audited by Alliotts LLP, and the accounts are unaudited.

The decrease in equity is a notable trend, potentially reflecting increased investment or operational losses. The rise in trade debtors could be a short-term blip or a sign of expanding credit terms. Overall, while Riptide Pools Ltd appears to be actively trading and expanding its product range, the financial figures suggest a company that is burning through money, and needs to be careful.

Registered in England/Wales under the registration number 06356472, with a registered address at CM1 3AG, England, Chelmsford, 41 Robjohns Road.

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