Start Point Spearfishing Ltd

Start Point Spearfishing Ltd, based in Plympton, UK, is a small, active company founded four years ago. With three employees and £60,144 in assets, it’s a solo-founded venture led by a single director and owner. The company boasts a stellar 5.0 Google rating from 504 reviews, a testament to its reputation. It's a regular importer of toys, games, and sports equipment, with 11 months of import activity recorded, the latest in August 2024.

The company’s website showcases a comprehensive range of spearfishing and underwater foraging equipment, catering to both online and in-store customers. From wetsuits and fins to knives and torches, it positions itself as a one-stop shop for enthusiasts. The site emphasizes expert advice, reliable delivery, and a commitment to quality—hallmarks of a customer-focused business.

Financially, Start Point Spearfishing Ltd presents a mixed picture. Current assets increased by 34%, reaching £60,000, while net assets rose by 210%, reaching £25,000—a significant improvement. Cash reserves, however, plummeted 90%, dropping to £2,500, a worrying trend. Bank borrowings increased, reaching £29,000, and trade debtors rose to £6,200, suggesting potential payment delays. 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 for agility, but the sharp decline in cash reserves warrants attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Start Point Spearfishing Ltd seems to be growing its business, but it's important to keep an eye on its cash flow. The company’s success hinges on maintaining its strong reputation and managing its finances carefully.

Registered in England/Wales under the registration number 12887441, with a registered address at PL7 4FE, England, Plympton, Devon, Start Point Spearfishing Unit 14, Reynolds Park, Bell Close.

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