Xcite Sports Limited

Xcite Sports Ltd from Chesterfield, UK, is a small, active company founded 14 years ago in 2011. Employing seven people and holding £632,831 in assets, it operates from a real address and is managed by two directors and owners. The company regularly imports toys, games, and sports equipment – a consistent 40-month activity – and has recently begun exporting ships, boats, and floating structures, with four months of export activity recorded.

The company’s website paints a picture of a specialist provider of physical education and sports coaching. It’s a coaching center in Thorne, Doncaster, offering services to schools and individuals. The website highlights its P.E. sports coaching specialists, with a focus on physical education, sport, physical activity, and health wellbeing. It’s clear they are running a business with a strong local presence, and a focus on quality service, as evidenced by the Google rating.

Financially, Xcite Sports Ltd shows a mixed bag. Current assets decreased by 7% to £630,000, while net assets dropped 8% to £310,000. Bank borrowings have fallen significantly by 79%, reaching £21,000, and cash reserves fell 5% to £25,000. Creditors decreased by 16%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the drop in equity raises some questions. There’s no auditor mentioned, likely due to being a small company, so the figures are unaudited.

The company is facing some pressures, but it’s clear they’re focused on their core coaching services. Whether they can continue to grow their export activity remains to be seen, but for now, Xcite Sports Ltd is a steady player in the local sports and education scene.

Registered in England/Wales under the registration number 07508095, with a registered address at S41 9PZ, England, Chesterfield, Unit 2 Smeckley Wood Close, Sheepbridge Trading Estate.

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