Tiki Surf Ltd

Tiki Surf Ltd from Braunton UK is a small company holding company with an active status, established 54 years ago in 1970. It employs 19 people and holds £2,018,422 in assets. The company has a real address, is overseen by three directors, and is owned by Brw Holdings Ltd. It regularly imports and exports toys, games, and sports equipment, with 30 months of import activity and 7 months of export activity, the last being November 01, 2022.

The company’s website showcases a wide range of surf-related products, from surfboards and wetsuits to clothing and accessories. It appears to be primarily an e-commerce business, selling directly to consumers through its online store. They offer a variety of brands, including Tiki Surf, O’Neill, Billabong, and Rip Curl, and also sell snow gear and skateboards. The website also highlights a B2B service, suggesting wholesale opportunities.

Financially, Tiki Surf Ltd presents a mixed picture. While cash reserves increased by a significant 110%, reaching £610,000, net assets decreased by 9.5%, settling at £1.4 million. Accounts receivable declined by 85%, while bank borrowings increased by 2400%, reaching £29,000. Creditors also rose by 26%, to £910,000. The average number of employees increased dramatically, by 120%, to 42, which could be a result of seasonal hiring or expansion. 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 equity decline warrants attention. The accounts are unaudited, likely due to the small company exemption.

Overall, Tiki Surf Ltd seems to be navigating a period of change. The increase in cash is encouraging, but the rise in debt and decrease in equity suggest some financial strain. The company’s focus on online sales and diverse product range positions it well in the surf market, but careful management will be needed to ensure long-term success.

Registered in England/Wales under the registration number 00984838, with a registered address at EX33 1AA, England, Braunton, Devon, 2 Caen Court, Caen Street.

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