Sportec Embroidery & Printing Limited

Sportec Embroidery & Printing Ltd, based in Neath, UK, is a small, active company founded fifteen years ago in 2010. With eight employees and £308,603 in assets, it’s a well-established local business. The company operates an e-commerce site and maintains a 5.0 Google rating from 58 reviews, a testament to its customer service. It’s a regular importer of clothing and accessories made by knitting or crocheting, with thirteen months of import activity recorded, the latest in July 2024.

The company’s website showcases a wide range of workwear, sportswear, and school uniforms—catering to businesses, schools, and sports teams. From t-shirts and polo shirts to hoodies and jackets, Sportec offers custom embroidery and printing services, allowing customers to create branded apparel. The site’s extensive product categories and brand listings suggest a comprehensive offering for various needs. It's a good business.

Financially, Sportec Embroidery & Printing Ltd shows some interesting trends. While net assets increased by 15% to £230,000, cash reserves grew by 33% to £260,000, and current assets rose by 19% to £310,000, there are a few points to note. Bank borrowings jumped by a significant 2,400%, reaching £16,000—a substantial increase. Trade debtors decreased by 44%, suggesting potentially slower customer payments or a shift in credit policies. Creditors also increased by 27%, which is not unusual. 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 it to remain flexible, but the increase in borrowing is something to keep an eye on. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Sportec Embroidery & Printing Ltd seems to be a financially stable business with a strong online presence and a loyal customer base. The increase in borrowing, however, warrants further investigation to ensure it doesn’t become a long-term challenge.

Registered in England/Wales under the registration number 07200545, with a registered address at SA11 2HR, Neath, 22 Harvard Jones Close.

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