Selkie Swim Co Limited

Selkie Swim Co Limited, based in Cheltenham, UK, is a small, active company founded ten years ago in December 2014. With £79,424 in assets and a real address at 6 Maida Vale Business Centre, it operates with four directors but has no officially listed owners – a common situation for smaller companies. It’s a regular importer, though its top import category is listed as “None,” with the last recorded import activity dating back to May 2021.

The company’s business revolves around the retail sale of textiles, clothing, and footwear, both through stalls and markets and via online channels. Its website, though not fully detailed in the provided data, suggests a focus on swimwear and related accessories. It’s a niche market, and the company’s branding hints at a connection to Selkie mythology – creatures that can transform between human and seal form – lending a unique identity to its products.

Financially, Selkie Swim Co Limited presents a mixed picture. Current assets have significantly dropped by 31%, falling to £79,000, while net assets have also decreased, though by a smaller 2.2% to -£1,200,000. Bank borrowings have increased by 29%, reaching £30,000, and trade debtors have plummeted by an alarming 98%, suggesting difficulties in collecting payments. Creditors, however, have seen a slight decrease. The company meets the criteria for being classified as small—with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—which allows it to avoid a full audit. The lack of a listed auditor is typical for companies of its size.

The significant drop in current assets and the negative equity, despite the company’s active status, are concerning. The decrease in trade debtors could indicate a shift in sales strategy or difficulties with customer payments. While the company’s unique branding and online presence suggest potential, its financial performance warrants close monitoring.

Registered in England/Wales under the registration number 09346481, with a registered address at GL53 7ER, Cheltenham, Gloucestershire, 6 Maida Vale Business Centre, Mead Road.

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