Surf The Shop Ltd.

Surf The Shop Ltd, based in Newport, UK, is a small holding company with an active status. Founded eight years ago in 2016, it employs four people and holds £498,701 in assets. The company operates an e-commerce site and irregularly imports clothing and accessories, not knitted or crocheted, with its last import activity recorded one month ago in January 2022. It’s a real address, with two directors and three owners reported.

The company’s primary business is retail via online sales, and it operates within the “other retail sale not in stores, stalls or markets” industry. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The company's website is not available for review.

Financially, Surf The Shop Ltd shows some interesting trends. While cash bank on hand increased by 40% to £100,000, net assets decreased by 7.9% to £320,000. Creditors rose by 24% to £190,000, suggesting increased reliance on short-term financing. Trade debtors increased by 32% to £140,000, which could be a sign of delayed payments from customers. Financial commitments, however, spiked by an astonishing 980% to £30,000—a significant increase that warrants further investigation. Finished goods for resale decreased by 18% to £260,000, which could be due to seasonal fluctuations or changes in demand.

The company’s small size helps it stay agile, but the equity drop and the surge in financial commitments raise questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements. It’s a company that’s clearly working, but the financials suggest it's facing some pressures.

Registered in England/Wales under the registration number 10410112, with a registered address at NP11 7BH, Wales, Newport, Unit A1/A2 Chapel Farm Industrial Estate, Cwmcarn.

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