Speed One Sports Limited

Speed One Sports Ltd, based in London, UK, is a small, family-run business with an active status. Established 23 years ago, the company employs seven people and holds £572,090 in assets. It operates from a virtual address, managed by three directors and two owners. Google users rate it a perfect 5.0 based on 126 reviews, and it regularly imports clothing and accessories made by knitting or crocheting, with four months of import activity recorded.

The company's website showcases a wide range of sporting goods and teamwear, catering to schools, clubs, and professional sports teams. It seems to be primarily a B2B operation, offering bespoke team kits and equipment, with a strong emphasis on service and customization. The site lists a huge number of affiliated organizations, from rugby clubs to swimming teams—a testament to its extensive network. It's a busy site, with lots of content and a clear focus on team sales.

Financially, Speed One Sports Ltd presents a mixed picture. Current assets have increased by 26%, reaching £570,000, while net assets have jumped 44%, now at £320,000. Cash reserves have seen a significant boost, rising 46% to £440,000. However, bank borrowings have decreased by 50%, with overdrafts now at £11,000. Trade debtors have fallen by 15%, which is good, but creditors have increased by 11% to £250,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the increase in creditors should be monitored. The accounts are unaudited, likely due to the company’s small size.

Overall, Speed One Sports Ltd appears to be financially healthy, with growing assets and strong cash reserves. The company seems to be doing well, and the large number of affiliated organizations suggests a solid reputation within the sports community.

Registered in England/Wales under the registration number 04440514, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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