Secret Spot Ltd

Secret Spot Ltd, based in Scarborough, UK, is a small, active company founded ten years ago in 2014. Employing ten people, it holds £284,060 in assets and operates from a real address. With one director and one owner, the business runs an e-commerce site and boasts a solid Google rating of 4.0 based on seven reviews. It’s a regular importer of toys, games, and sports equipment, with eight months of import activity recorded.

The company’s website, Secret Spot, is a surf shop selling a wide range of items, from surfboards and wetsuits to camping gear and clothing. It’s a comprehensive online destination for surfers and outdoor enthusiasts, offering a variety of brands like O’Neill, Firewire, and Patagonia. The site also features a blog, surf cam, and clearance section, demonstrating a commitment to engaging with its customer base.

Financially, Secret Spot Ltd shows some concerning trends. Current assets have decreased by 29%, dropping to £280,000, while net assets have fallen by 21% to £130,000. Bank borrowings are stable, but cash reserves have declined by 20% to £63,000. Trade debtors have plummeted by 96%, which could be a positive sign of efficient payment collection, or it could indicate a reduction in sales. The company meets two of three conditions to be considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees). As a small company, it’s exempt from an audit, so the financial information is unaudited.

Overall, Secret Spot Ltd appears to be navigating a challenging financial climate. While its e-commerce platform remains active and well-regarded, the decline in assets and net worth suggests a need for careful management. The company’s agility as a small business may help it weather the storm, but its long-term success will depend on maintaining its customer base and controlling costs.

Registered in England/Wales under the registration number 09084537, with a registered address at YO13 9QB, Scarborough, Unit 8 Farfield Main Rd, Wykeham.

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