Spinners Mill Archery Ltd

Spinners Mill Archery Ltd, based in Wigan, UK, is a small, family-run business with an active status. Founded six years ago in 2018, the company employs just two people and holds £26,990 in assets. It operates from a virtual address, sharing space with numerous other companies, and is managed by two directors and owners. The business has a stellar 5.0 Google rating based on 75 reviews, a testament to its customer service. It’s an irregular importer, primarily dealing in toys, games, and sports equipment, with its last import activity recorded one month ago in July 2023.

The company’s website showcases a comprehensive range of archery equipment, from armguards and bowstands to arrows and bows themselves. It’s clearly geared towards both recreational archers and more serious enthusiasts, with sections dedicated to accessories, ready-made arrows, and even bow kits. The website also features a "Club Website" link, suggesting a connection to a local archery club. It also has a newsletter sign-up, offering a 10% discount.

Financially, Spinners Mill Archery Ltd is facing some challenges. Cash reserves have plummeted by 62%, dropping to just £9,000, while current assets have decreased by 34% to £27,000. Trade debtors have skyrocketed by 850%, reaching £950—a significant increase that could indicate delayed payments or expanded credit terms. Equity has taken a massive hit, falling to -£3,900, and net current assets are now at -£4,100. Borrowings from directors have also decreased by 21%. 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.

Despite these financial pressures, Spinners Mill Archery Ltd maintains a strong online presence and a loyal customer base. The company's focus on archery equipment and its connection to a local club suggests a niche market with potential for growth, but the recent financial trends warrant close attention.

Registered in England/Wales under the registration number 11507217, with a registered address at WN2 2QA, United Kingdom, Wigan, Beech House 23 Ladies Lane, Hindley.

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