Subside Sports Limited

Subside Sports Ltd from Newton Abbot UK: a small, active company founded 30 years ago, employs 14 people, and operates from a real address. It’s a family business with two directors and two owners, running an e-commerce site. The company regularly imports clothing and accessories made by knitting or crocheting (23 months) and exports clothing and accessories, not knitted or crocheted (247 months).

The business focuses on retail, selling replica football shirts and other football-related products. It also runs a separate, high-end piano restoration division, 1066 Pianos, operating from Cambridge and even boasting a showroom in Harrods. While both businesses share the "Subside" branding, the piano division, 1066 Pianos, operates independently.

Financially, Subside Sports Ltd shows a mixed picture. Net assets increased by 12% to £410,000, while bank borrowings decreased by 10% to £62,000. Cash reserves, however, fell 30% to £13,000. Trade debtors increased by 10% to £170,000, suggesting delayed customer payments. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

The company’s reliance on the football shirt market, and the separate piano restoration venture, suggests a diversified approach. Whether this diversification is sustainable, and can offset the decrease in cash reserves, remains to be seen.

Registered in England/Wales under the registration number 02997394, with a registered address at TQ13 8AH, United Kingdom, Newton Abbot, Devon, 50-54 The Square Chagford.

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