Skate Hut Ltd

Skate Hut Ltd, based in Worcester, UK, is a large, active company founded fifteen years ago. Despite confirmation overdue by six days, it remains a significant player with 126 employees and substantial assets of £1,834,266. The company’s yearly revenue reached £14,091,813, demonstrating a strong market presence. It operates a real address and is managed by five directors and a single owner, alongside an e-commerce site with an impressive Google rating of 5.0 based on 868 reviews. Regular import and export activities, primarily involving toys, games, and sports equipment (211 months imported, 3 months exported), further solidify its role in the industry.

Skate Hut Ltd's website showcases a wide range of products, from skateboards and scooters to bikes and inline skates, catering to diverse interests. The site's functionality is clear—cookies disabled will not work correctly, and Javascript is essential for optimal browsing—and it offers a currency selection feature, demonstrating a focus on international customers. The website’s structure is well-organized, with dedicated sections for different product categories, brands, and accessories, and it even includes a custom builder for skateboards and scooters.

Financially, Skate Hut Ltd presents a mixed picture. While turnover remains robust, several key metrics indicate potential challenges. Accrued liabilities and deferred income have increased by 54%, suggesting a build-up of short-term obligations. More concerningly, net assets have plummeted by 110%, leaving the company with a negative equity position of -£230,000. Bank borrowings have also surged, increasing by 67%, while cash reserves have fallen by 30%. Creditors have decreased by 14%, which could be a positive sign of better debt management. The company’s large size (meeting two of three conditions for a large company) suggests it's navigating a competitive market, but the significant equity decline warrants close attention. No auditor is mentioned, which is likely due to the company’s size and exemption from mandatory audits. Overall, Skate Hut Ltd appears to be a well-established business facing financial headwinds, and its ability to maintain its market position will depend on addressing these challenges.

Registered in England/Wales under the registration number 07200066, with a registered address at WR2 5AG, Worcester, Worcestershire, 31 St. Johns.

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