Cinch Outdoors Ltd

Cinch Outdoors Ltd, based in Morecambe, UK, is a small, active company founded five years ago. Despite its status, the company’s accounts are two years overdue, and confirmation statements are outstanding for a year. It operates with a single employee and holds £26,604 in assets, registered at a real address with no directors or owners listed. The company is an irregular importer, having imported goods for just two months, with the last import occurring in May 2023.

Cinch Outdoors Ltd’s website showcases a focus on rooftop tents and outdoor cooking equipment. It positions itself as a provider of “the future of rooftop tents,” offering sleek, spacious, and intuitive designs. The site also features the "Kitchen Cruiser," a compact and efficient outdoor cooking solution. The company encourages visitors to sign up for exclusive launch access and earlybird discounts, hinting at new product releases. It's clear the company is trying to build excitement around its offerings and drive sales through its online store. The website has a clean, modern design, and emphasizes ease of use and convenience, suggesting a focus on the customer experience.

Financially, Cinch Outdoors Ltd presents a concerning picture. Cash reserves have plummeted by 65%, dropping to £19,000, while current assets have halved to £27,000. Bank borrowings have increased significantly, with an overdraft of £11,000 and a non-financial bank borrowing of £39,000. Creditors have risen sharply, increasing by 370% to £61,000, and trade debtors have ballooned by 880%. Equity has taken a severe hit, falling by an astonishing 2,100% to -£72,000. Despite the company meeting two of three criteria to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), these trends suggest the business is burning through money at an alarming rate. The lack of an auditor mentioned—likely due to its small size—means these figures are unaudited.

In short, Cinch Outdoors Ltd is facing serious financial challenges. While its website and product offerings show promise, the company’s financial health is precarious. Whether it can successfully navigate these difficulties and sustain its growth remains to be seen—but the current trajectory is cause for concern.

The company operates in Personal services → Other services n.e.c..

Registered in England/Wales under the registration number 12027463, with a registered address at LA4 5DT, England, Morecambe, Cinch Outdoors Ltd 3 Market Street, First Floor.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.