Skindog Hardware Ltd

Skindog Hardware Ltd, based in St. Austell, UK, is a small, active company founded eight years ago. With just two employees and £115,764 in assets, it operates from a virtual address shared by 26 other companies, a bit odd really. The company is run by four directors and one owner, Skinner Benjamin James Robinson. It’s an irregular importer, mainly dealing in toys, games, and sports equipment, with just one month of imports recorded as of May 2022.

The company’s primary focus, however, is evident on its website: Skindog Surfboards. It's a custom surfboard business, crafting boards for surfers of all levels, from longboards to shortboards, wetsuits, and accessories. The website showcases a wide range of board types, including Thunderbolt technologies, and even collaborates with brands like O’Neill and Flying Diamonds. They also sell skateboards and apparel, and have a section dedicated to Pura Vida anklets, bracelets, and rings. It's a pretty diverse range of products, really.

Financially, Skindog Hardware Ltd’s recent report shows some concerning trends. While bank borrowings remained stable at £54,000, cash reserves declined by 17% to £52,000. Current assets also fell by 12% to £120,000. Perhaps most worrying is the sharp drop in equity, which plummeted 130% to -£1,500. This suggests the company is burning through cash, and the debt is a bit high. Trade debtors also saw a significant decrease, dropping 210%, which is a bit strange and could mean they’re struggling to get paid. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the equity decline is something to keep an eye on. As a small company, it’s likely exempt from an audit, so the figures are unaudited. Overall, Skindog Hardware Ltd seems to be riding the wave of the surf industry, but its financial health needs a bit of a boost.

Registered in England/Wales under the registration number 10610066, with a registered address at PL26 8DT, England, St. Austell, Cornwall, C/O James Bendrey Accountants Ltd Boscawen Park, St. Dennis.

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