Skate Display Company Ltd

Skate Display Company Ltd, based in Porthcawl, UK, is a small, active company founded six years ago. Despite its active status, the company currently has overdue accounts and confirmation statements, suggesting potential administrative challenges. With £35,753 in assets, a real address, and a single director and owner, it’s a relatively lean operation.

The company’s website, The Skate Company, focuses on revolutionary skatepark design and creation across the UK. It provides unique skatepark designs, catering to diverse skating needs and aiming to turn skating dreams into reality. The company’s website describes itself as a community-centred brand, offering skatepark construction and creating unique skating adventures. It also mentions a lifestyle brand for skaters and offers services like pumptrack and bike ramp design. The website uses JavaScript, and manages cookie consent, and includes contact details and a link to Dragon Play Sports Ltd.

Financially, Skate Display Company Ltd presents a mixed picture. While bank borrowings decreased by 14%, cash reserves dropped significantly by 81% to just £7,900. Current assets also declined by 51% to £36,000. Equity, however, took a substantial hit, falling 220% to -£25,000. Creditors increased by 49%, and taxation and social security payable rose by 32%. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it's likely exempt from an audit, so the figures are unaudited.

The decline in equity and cash reserves, alongside increased liabilities, suggests Skate Display Company Ltd may be burning through money. It's possible that the company is investing heavily in its skatepark designs and construction projects, or facing challenges in collecting payments from clients. The company’s focus on community and innovation, however, indicates a long-term vision that could potentially turn things around.

Registered in England/Wales under the registration number 11327731, with a registered address at CF36 3NG, United Kingdom, Porthcawl, 76 West End Avenue.

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