Boxere Group Ltd

Boxere Group Ltd is a small, active company registered in London, UK, founded just two years ago in 2023. With a single employee and £96,000 in assets, it operates an e-commerce site and is led by a solo founder and director, Piotr Nierobisz. The company’s registered address is a virtual one, sharing space with 28,859 other businesses—a bit unusual. It’s focused on retail sale via mail order houses or via internet.

The company’s website paints a picture of a much larger operation. It’s actually a subsidiary of Boxer Retail Limited Group, South Africa's leading soft discount retailer, operating over 500 stores. The website boasts a compelling growth story, emphasizing consistent sales growth, profitability, and a robust store expansion strategy. It’s clearly aimed at investors and customers alike, highlighting a vision to be South Africa's No. 1 Discount Retailer, offering unbeatable value and quality products. The site is very professional and well-designed, with sections for investor relations, media, and Ubuntu projects.

Financially, Boxere Group Ltd is showing some challenges. While turnover remained steady at £39,000, the company reported a loss of -£42,000. Cash reserves are minimal at just £1,000, and the company has a large amount of inventory at £95,000. Operating expenses remained constant at £45,000. The lack of employees (just one reported) suggests a very lean operation, but the significant loss and reliance on trade credit (debtors increased) indicate potential cash flow issues. As a small company, it’s exempt from an audit, so the figures are unaudited. It’s possible that the losses are a result of startup costs or investment in the e-commerce platform, but the reliance on credit and low cash reserves are concerning. The company’s reliance on its parent company, Boxer Retail Limited Group, is likely crucial for its continued operation.

Registered in England/Wales under the registration number 14571492, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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