Cymba Racing Ltd

Cymba Racing Ltd, based in Reading, UK, is a small, active company founded four years ago. With a single employee and £30,414 in assets, it’s a solo founder operation led by a director and owner. The company imports optical and medical tools and devices, though irregularly, with just one month of import activity recorded as of June 2023. It operates from a real address, with only one other company registered at the same location.

The company's website reveals a focus on high-end racing boats, specifically those manufactured by SL Racing and Fluidesign. These brands are known for their performance and craftsmanship, catering to both amateur and elite athletes. The website highlights the boats' quality, customer service, and even features testimonials from Olympic champions. It’s clear the company’s focus is on a specialized market, and it's a niche business.

Financially, Cymba Racing Ltd presents a mixed picture. While current assets increased by 91% to £30,000, net assets declined by 8.9% to -£71,000. Bank borrowings remained steady at £79,000, and cash reserves increased by 340% to £12,000. Trade debtors rose significantly by 460% to £28,000, which could be a positive sign of increased sales, but it also suggests potential payment delays. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the negative equity raises concerns. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Cymba Racing Ltd seems to be navigating a challenging landscape. While the website and brand image project a premium feel, the financial data suggest a company that's burning through money. Whether the focus on high-end racing boats can generate enough revenue to sustain the business remains to be seen, but it's a small business with a specialized focus.

Registered in England/Wales under the registration number 12845319, with a registered address at RG30 2AL, England, Reading, Berkshire, 33 Western Elms Avenue.

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.