Top King Boxing Ltd

Top King Boxing Ltd is a small, active company based in Workington, UK, founded eight years ago in 2016. Despite its age, it employs just one person and holds £26,159 in assets. The company operates from a virtual address, sharing space with 39 other businesses, and is led by a single director and owner, Barwell John Carl. Accounts are overdue by a year, and confirmation is outstanding for eight months.

The company’s website, topkingboxing.com, showcases a wide range of boxing and Muay Thai equipment, from gloves and protective gear to apparel and accessories. It appears to be a fully functional e-commerce site, with a focus on direct sales to consumers, and even has a Thai language version. The site highlights a partnership with a Thai company, Top King Boxing Co., Ltd., and emphasizes its commitment to quality and authenticity. The website's layout and product listings suggest a well-established online retail operation.

Financially, Top King Boxing Ltd presents a mixed picture. While cash bank on hand increased by a healthy 86% to £8,100, current assets also jumped by 150% to £26,000. However, net assets declined by 20% to -£16,000, indicating accumulated losses. Trade debtors have risen significantly, increasing by 370% to £8,500, which could signal difficulties in collecting payments. Creditors have also increased, up 19% to £5,800. The company's small size (meeting two of three conditions for a small company) means it’s likely exempt from an audit, and the figures are unaudited.

Overall, Top King Boxing Ltd seems to be navigating a challenging financial landscape. While revenue appears to be growing, the company is burning through cash and accumulating losses. The increased debtors suggest potential issues with cash flow, and the reliance on creditors to fund operations is a concern. It’s likely that the company is facing typical startup pressures, but its ability to turn things around will depend on its ability to manage its cash flow and increase profitability.

Registered in England/Wales under the registration number 10302212, with a registered address at CA14 2AL, England, Workington, Cumbria, Milburn House, 3 Oxford Street.

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