Sonik Sports Limited

Sonik Sports Ltd from Blyth UK: a small, active company founded 17 years ago, employs 21 people, and holds £3,569,553 in assets. It’s a real address with six directors and a solo founder, Vardy Peter, at the helm. The company regularly imports and exports toys, games, and sports equipment—273 months of imports and 50 months of exports recorded.

The company operates as a trade account supplier, as evidenced by its login page. Customers can create accounts and access trade pricing, and there’s a clear emphasis on B2B sales. The site also includes contact details, a Facebook link, and a cookie policy—all standard features of a modern business website. It’s clear that Sonik Sports Ltd is focused on wholesale distribution rather than direct-to-consumer retail.

Financially, Sonik Sports Ltd’s numbers present a mixed picture. Current assets have decreased by 23%, falling to £3,600,000, while net assets have fallen by 33%, down to £400,000. Bank borrowings have decreased by 24%, sitting at £190,000, and cash reserves have fallen by 42%, down to £380,000. Creditors have decreased by 30%, sitting at £1,800,000. 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 flexibility, but the decline in equity is a concern. There’s no auditor mentioned, likely due to the company’s small size, so the figures are unaudited.

Overall, Sonik Sports Ltd seems to be navigating a period of change. The decrease in assets and equity could be due to increased investment in inventory or expansion efforts—but it's something to keep an eye on. The company’s focus on trade accounts and its regular import/export activity suggest a solid business model, but the financial numbers indicate a need for careful management.

Registered in England/Wales under the registration number 06367388, with a registered address at NE24 4RP, Blyth, Northumberland, Blyth Riverside, Business Park.

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