Smithworks Golf Limited

Smithworks Golf Limited, based in Morpeth, UK, is a small, active company founded seven years ago in 2017. With three employees and £661,059 in assets, it operates a real address and is led by two directors and one owner. The company runs an e-commerce site and irregularly imports toys, games, and sports equipment, with its last import activity recorded one month ago in March 2023. Smithworks Golf specializes in the manufacture of sports goods, focusing on wedge design and production.

The company’s website showcases a range of wedges, putters, and accessories, catering to golfers of all skill levels. It emphasizes innovative designs like the XSpin wedge and SYNC putter technology, and offers a wide selection of finishes and customization options. The site also features a blog with tips and advice for golfers, reinforcing its position as a knowledgeable resource. The company even offers international shipping, with a currency converter allowing customers to view prices in their local currency.

Financially, Smithworks Golf Limited presents a mixed picture. While cash reserves increased significantly by 100% to £620,000, creditors have risen by 240% to £170,000—suggesting increased reliance on trade credit. Bank borrowings have also decreased by 42% to £5,500. Interestingly, trade debtors have fallen dramatically by 100% to zero, indicating a shift in payment terms or a focus on upfront payments. The company’s net assets have grown by 48% to £490,000, reflecting the overall growth in its financial position. The company is exempt from an audit as a small company, and the accounts are unaudited.

Despite the growth, the increase in creditors and the decrease in debtors could indicate some short-term cash flow pressures. However, the strong cash position and growing assets suggest the company is generally financially healthy, and it’s likely that Smithworks Golf is navigating the challenges of a growing business.

Registered in England/Wales under the registration number 10959186, with a registered address at NE61 6FN, United Kingdom, Morpeth, 5 Shepherds Cote Drive, Stannington.

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