Sports Hub Brands Ltd

Sports Hub Brands Ltd, based in Leeds, UK, is a small, active company founded just three years ago in 5 March 2022. With £64,159 in assets and a real registered address, it’s a lean operation with two directors and two owners. The company holds a 2.0 Google rating from seven reviews, indicating room for improvement in customer satisfaction. It regularly imports clothing and accessories made by knitting or crocheting, with seven months of import activity recorded.

The company operates in the other letting and operating of own or leased real estate industries. The website is currently undergoing maintenance, displaying a message indicating work is in progress and inviting potential customers to call the office. This suggests a temporary disruption to online sales, but doesn’s provide much insight into the company’s core business.

Financially, Sports Hub Brands Ltd presents a mixed picture. Current assets have surged by a remarkable 46,000%, reaching £64,000, a significant turnaround from the previous year’s £140. However, bank borrowings have decreased by 2.7%, and cash reserves have fallen by 66%, leaving only £48. Creditors have also increased by 43%, and net assets have risen by 6.5%. The company meets two of three criteria for being considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor is typical for a small company, so the figures are unaudited.

Overall, Sports Hub Brands Ltd seems to be navigating a period of change. The surge in assets is encouraging, but the decrease in cash reserves and increase in creditors suggest that the company is burning through money. It's unclear whether this is a temporary blip or a longer-term trend, but the company's future success will depend on its ability to manage its finances effectively.

Registered in England/Wales under the registration number 13983565, with a registered address at LS12 6HX, United Kingdom, Leeds, Hill House, Whitehall Road.

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