Simplex Swimming Pools Limited

Simplex Swimming Pools Limited, based on Hayling Island, UK, is a small, active company established seven years ago. With four employees and £180,789 in assets, it operates as a solo-founded business under the direction of one individual. The company’s real address and e-commerce site, coupled with a respectable 4.0 Google rating from five reviews, suggest a solid online presence.

Primarily, Simplex Swimming Pools Limited focuses on the construction of water projects, alongside the retail sale of new goods and online sales. Its website showcases a wide range of pool equipment, from fittings and pipes to lighting, heating, and automatic cleaners. The site also offers a selection of covers, safety equipment, and even enclosures – a comprehensive offering for pool owners. It's clear they're aiming to be a one-stop shop for all things pool-related, with a focus on quality brands and competitive pricing.

Financially, Simplex Swimming Pools Limited presents a mixed picture. While the company meets the criteria for a small business (turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees), its retained earnings and accumulated losses have significantly worsened, dropping from -£50,000 to -£160,000. Cash on hand has also declined by nearly 10%, falling to £10,000. Trade creditors have increased by 55% within a year, reaching £330,000, which could indicate growing expenses or extended payment terms. Despite this, fixed assets have decreased by 24%, and bank borrowings have increased. The lack of an auditor mentioned (likely due to small company status) means these figures are unaudited.

The company's net assets and liabilities have also worsened considerably. While the business appears to be actively selling pool equipment online, the financial data suggest it's facing some challenges in maintaining profitability. It's possible the company is investing heavily in growth, but the declining equity raises questions about its long-term financial health.

Registered in England/Wales under the registration number 11027049, with a registered address at PO11 9EH, England, Hayling Island, Hampshire, 112 Elm Grove.

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