Speedwear Ltd

Speedwear Ltd, based in Birkenhead, UK, is a small, family-run business with an active status. Founded eleven years ago in 2013, the company employs just one person and holds £71,355 in assets. It operates from a real address and is led by two directors and two owners. With a stellar 5.0 Google rating from thirteen reviews, Speedwear Ltd is a regular importer of clothing and accessories, not knitted or crocheted, with recent activity in November 1st, 2024.

The company's website showcases a diverse range of motorcycle apparel, including waxed cotton jackets, trousers, t-shirts, helmets, gloves, and accessories. It appears to be primarily an online retailer, with a focus on vintage and classic motorcycle styles. There's also a wholesale option available. The site is well-organized, with clear product categories and a dedicated "About Us" section.

Financially, Speedwear Ltd presents a mixed picture. Cash bank on hand increased by 3.9% to £36,000, but net assets decreased by 1.6% to £28,000. Trade creditors have risen dramatically, increasing by 340% to £2,300, which could indicate increased purchasing or delayed payments from customers. The number of employees has dropped to zero, which is a concern. The company meets the criteria for being a small company, with turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. It’s important to note that the financial statements are unaudited, and the company is exempt from an audit.

Overall, Speedwear Ltd seems to be holding its own, but the decrease in employees and increase in trade creditors suggest it might be facing some financial pressures. The strong Google rating and focus on a niche market (vintage motorcycle apparel) could help it weather any storms, but keeping a close eye on its financial health is advisable.

Registered in England/Wales under the registration number 08763059, with a registered address at CH42 8PF, Birkenhead, Merseyside, 395-397 Woodchurch Road.

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