Snowtech Products Ltd

Snowtech Products Ltd is a small, active company based in London, UK, founded four years ago in 2020. Employing just one person, it operates from a virtual address shared by 1454 other companies, and is led by one director and two owners. The company specializes in the retail sale of sports goods, fishing gear, camping goods, boats, and bicycles, primarily through online channels.

The company’s website, Snowtech Products, focuses entirely on protecting snowboards during travel. It offers a product called “Venom,” an edge protector made from industrial-grade silicone, designed to prevent damage to snowboards during storage and transportation. The site highlights the product's durability, patented design, and UK manufacturing, and includes a tutorial on how to apply it. It also features a blog and social media links. The site clearly indicates an e-commerce focus, with a strong emphasis on product quality and customer support.

Financially, Snowtech Products Ltd presents a mixed picture. Accumulated depreciation has increased by 68%, suggesting ongoing investment in assets, but cash bank on hand has fallen by 47%. Creditors have risen by 25%, while debtors have increased by 36%, indicating potential challenges in managing cash flow. Equity has declined significantly by 64%, resulting in net assets of -£37,000, which is a concerning trend. Despite this, total inventories have plummeted by 71%, which could indicate a successful inventory management strategy or a slowdown in sales. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, and the figures are unaudited.

Overall, Snowtech Products Ltd seems to be navigating a period of financial strain, with declining equity and cash reserves. While the niche product and online focus offer potential for growth, the company will need to carefully manage its cash flow and address the negative equity to ensure long-term sustainability.

Registered in England/Wales under the registration number 12841666, with a registered address at N3 1XW, United Kingdom, London, 35 Ballards Lane.

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