Salcombe Sea Wear Ltd

Salcombe Sea Wear Ltd, based in Kingsbridge, UK, is a small, active company founded just three years ago in 2021. With £29,946 in assets and a real registered address, it's a solo-founded operation run by a single director and owner, Mrs. F. A. Horrell. The business operates in the other retail sale not in stores, stalls or markets industries, and is an irregular importer, with its top import category being Clothing and accessories made by knitting or crocheting, totaling 2 months of imports. The last import operation was conducted on February 01, 2023.

The company’s website, Salcombe Sea Wear, focuses on activewear and dry changing robes for women. It offers a range of products, including the Salcombe Robe, leggings, shorts, bras, and accessories like a waterproof bag. The website emphasizes practicality, weather resistance, and a lightweight design, targeting active women who enjoy the outdoors. It also features a blog with content reinforcing its expertise in activewear solutions.

Financially, Salcombe Sea Wear Ltd shows some concerning trends. Cash bank on hand plummeted 81% to just £540, while net current assets liabilities deepened to -£22,000. Creditors increased by 8.2% to £52,000, and trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms. The lack of employees (one reported) hints at a lean operation, and the company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

While the website appears active and well-designed, the financials reveal strain. The significant drop in cash reserves and increase in liabilities raise questions about the company’s financial health. It's possible that the business is experiencing typical startup turbulence, or that it’s burning through money. The company’s reliance on a single founder and director, while efficient, also creates a single point of failure.

Registered in England/Wales under the registration number 13486018, with a registered address at TQ7 3DD, England, Kingsbridge, Portlemore Barton, Malborough.

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