Ip Sports Ltd

Sports Ip Ltd, from Ilkeston, UK, is a small company with an active status, established nine years ago. It employs just two people and holds £85,925 in assets, operating from a real address and managed by a single director and owner. The company’s activities center around retail sales via mail order houses or via the internet.

The website, snowHeads, is a community forum and resource for snow sports enthusiasts. It's a place to find snow reports, discuss gear, and connect with other skiers and snowboarders. The site encourages registration, offering members-only forums, discounts, and a weekly email newsletter. It's a vibrant online hub, boasting over 50,000 members and a lively forum with recent posts about snow conditions in various resorts. The forum also features a marketplace for buying and selling used gear. It's clearly an ecommerce-adjacent business, leveraging community engagement to drive sales.

Financially, Sports Ip Ltd presents a mixed picture. Current assets have taken a significant hit, dropping by 32% to £86,000. Equity has also plummeted 94%, leaving just £1,700. Bank borrowings remain steady at £30,000, and cash reserves have fallen to £10,000 – a 79% decrease. Creditors are also up slightly, and taxation social security payable has increased. The company’s small size—meeting two of three conditions for a small company—allows for flexibility, but the sharp decline in equity raises concerns. As a small company, it’s exempt from an audit, so the figures are unaudited.

It appears Sports Ip Ltd is facing challenges, although the snowHeads community remains active and engaged. Whether the company can sustain its online presence and turn its community into a profitable venture remains to be seen.

Registered in England/Wales under the registration number 10010751, with a registered address at DE7 5GF, England, Ilkeston, White House, Wharncliffe Road.

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