Sorted Surf Shop Ltd

Sorted Surf Shop Ltd, based in Bournemouth, UK, is a small, holding company with an active status. Founded nineteen years ago in 2006, the company employs ten people and holds £797,564 in assets. It operates from a real address and is overseen by one director and three owners, with a dedicated e-commerce site driving sales. The company regularly imports toys, games, and sports equipment, with a history of ten months of import activity, the last recorded in March 2023.

The company’s core business involves the retail sale of clothing in specialised stores, with a focus on surf and related apparel. While the website isn't detailed, the retail focus is clear. The company’s branding suggests a lifestyle brand targeting surfers and beach enthusiasts.

Financially, Sorted Surf Shop Ltd shows a mixed picture. Current assets have declined by 29% to £800,000, while net assets have fallen 40% to £340,000—a significant drop. Cash bank on hand has plummeted 91% to just £9,600, a worrying trend. Trade debtors have increased by 150%, suggesting potential issues with customer payments. On a brighter note, creditors have decreased by 18%, indicating better debt management. 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 sharp equity decline warrants attention. There's no auditor mentioned, likely due to the company's small size and exemption from an audit.

The company is clearly struggling to maintain its financial health, with a significant burn through of cash reserves. Whether this is a temporary setback or a longer-term challenge remains to be seen.

Registered in England/Wales under the registration number 05790244, with a registered address at BH5 1BQ, United Kingdom, Bournemouth, Dorset, 42a Sea Road Boscombe.

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