Uk Ultimate Ltd

Uk Ultimate Ltd, based in London, is a small, active company established sixteen years ago in 2008. Employing five people, it holds £452,628 in assets and generates £1,180,634 in yearly revenue. Despite having twelve directors, the company has no registered owners, a common trait for smaller entities. It operates from a virtual address, which is a little strange as 599 other companies are registered there too. It imports toys, games, and sports equipment, though irregularly, with the last import recorded over a decade ago in June 2016.

The company's website, UK Ultimate, is primarily a hub for the sport of Ultimate, a fast-paced team sport combining elements of basketball, soccer, and frisbee. It's not an e-commerce site; instead, it serves as a central resource for the UK Ultimate community. The site features news, event calendars, coaching resources, and information about schools and universities involved in the sport. It seems to be a national governing body for the sport, promoting participation and providing support for players and coaches.

Financially, Uk Ultimate Ltd presents a mixed picture. While turnover has increased significantly by 150% to £1,200,000, the company is still operating at a loss. Net losses deepened to -£25,000, and cash reserves have fallen by 31% to £310,000. Bank borrowings have increased substantially by 2,400% to £29,000, and trade debtors have ballooned by 890%, suggesting delayed customer payments. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 25 employees) helps it remain agile, but the sharp equity drop raises questions. The company is exempt from an audit as a small company, so the figures are unaudited. Overall, Uk Ultimate Ltd is facing financial pressures despite its active role in promoting the sport.

Registered in England/Wales under the registration number 06613293, with a registered address at WC1N 3AX, London, 27 Old Gloucester Street.

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