Turbo Leisure Limited

Turbo Leisure Ltd, based in Cookstown, UK, is a small, active company established 26 years ago. Employing 20 people, it holds £477,487 in assets and operates a real address, managed by two directors and a single owner. The company runs an e-commerce site and regularly imports electrical machinery and equipment, with the last import activity occurring three months ago.

The website, Conway.tv, showcases a wide range of appliances and tech, from washing machines and refrigeration to TVs and Apple products. It appears to be a retail business, offering both new and refurbished items, and even provides services like aerial installation and TV repair. The site also has a section for furniture, home office equipment, and garden furniture. Conway.tv has a dedicated section for weekly finance options, and a newsletter signup.

Financially, Turbo Leisure Ltd’s numbers present a mixed picture. Current assets have increased by 19%, reaching £480,000, while net assets decreased by 6.2%, settling at £370,000. Bank borrowings have surged by 240%, climbing to £190,000, and cash reserves have declined by 13%, falling to £30,000. Trade debtors have increased by 47%, reaching £360,000, while creditors have decreased by 29%, settling at £52,000. The company’s small size—meeting two of three conditions for being classified as small—helps it remain flexible. There's no auditor mentioned, likely due to its status as a small company.

The increase in bank borrowings and decrease in cash reserves suggest the company may be investing in growth or facing tighter margins. It’s unclear if this is a temporary blip or a longer-term trend. The growth in trade debtors could indicate a need to improve collection processes, or perhaps a strategic move to offer more credit to customers.

Registered in Northern Ireland under the registration number NI035819, with a registered address at BT80 8AH, Cookstown, County Tyrone, 1-3 Park Avenue.

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