Rocket Padel Bps Ltd

Rocket Padel Bps Ltd, based in London, UK, is a small holding company with an active status. Founded just one year ago in May 2023, it employs two people and holds £296,921 in assets. The company operates from a virtual address—with 356 other companies registered at the same location—and is managed by two directors and one owner. It has a solid 4.0 Google rating based on 34 reviews and regularly imports furniture, lighting, and prefabricated buildings, with its last import operation in October 2024.

The company’s website showcases a growing network of Rocket Padel clubs across the UK and Denmark, offering padel tennis bookings and related services. It seems the company operates as a franchise or management company, facilitating bookings and promoting the Rocket Padel brand. The website highlights partnerships with EA7 Emporio Armani and announces upcoming club openings in Battersea, Ilford, Bristol, Croydon, and Beckton, suggesting a focus on expansion and brand visibility. The site also features a newsletter signup and social media links, indicating a strategy to engage with the padel tennis community.

Financially, Rocket Padel Bps Ltd presents a mixed picture. While current assets increased by a substantial 500% to £300,000, net assets plunged 160% to -£200,000. Bank borrowings surged by an astonishing 1,800%, reaching £250,000, and cash reserves fell 440% to £130,000. Creditors increased by 1,400%, reaching £2.8 million, and trade debtors grew by 160% to £63,000. 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 agility, but the significant equity decline and rising debt levels raise concerns. The company is exempt from an audit, and the financial statements are unaudited.

The company's rapid expansion and franchise model likely require significant upfront investment, which could explain the rising debt levels. However, the growing number of clubs and partnerships suggest a promising future, provided the company can effectively manage its finances and sustain its growth trajectory.

Registered in England/Wales under the registration number 14905401, with a registered address at W1T 4RN, United Kingdom, London, 1st Floor Arthur Stanley House, 40-50 Tottenham Street.

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