Snowsports Ltd

Snowsports Ltd, based in Glasgow, UK, is a small, active company established eight years ago. With two employees and £82 in assets, it’s a modest operation led by two directors and a single owner. The company holds a respectable 4.0 Google rating based on one review. It functions as an irregular importer, primarily dealing in toys, games, and sports equipment, with the most recent import activity occurring two months ago in December 2024.

The company's website, Snowsport Scotland, presents a different picture. It's a comprehensive resource for snowsports enthusiasts, offering a wide range of events, courses, and training programs. The site caters to all levels, from beginners to experienced athletes, and covers various disciplines, including alpine racing, backcountry touring, and freestyle. It also features a shop selling travel insurance and a membership hub. The website's content suggests a focus on community building and promoting snowsports participation across Scotland.

Financially, Snowsports Ltd’s recent report reveals a concerning trend. Cash bank on hand has plummeted by a staggering 79%, leaving only £82. Bank borrowings have decreased by 11%, and creditors have also dropped by 11%, which could be a positive sign of improved debt management. However, equity has also declined significantly, with retained earnings and accumulated losses down by 29%. Net assets are now at -£37,000. 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 agility, but the drop in equity is a cause for concern. No auditor is mentioned, indicating the company is exempt and relies on unaudited statements.

In short, Snowsports Ltd appears to be facing financial headwinds, despite its active online presence and community focus. The company operates in the other business support service activities n.e.c. industries. Whether the website’s robust activity can translate into improved financial performance remains to be seen.

Registered in Scotland under the registration number SC545795, with a registered address at G3 7TZ, Glasgow, 1037 Sauchiehall Street.

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