Boxraw Ltd

Boxraw Ltd is a small, active company based in Coventry, UK, founded nine years ago in 2016. With 23 employees and £1,896,750 in assets, it operates from a real address and is led by a single director and owner, Amanna Benjamin James. The company regularly imports and exports clothing and accessories made by knitting or crocheting, with 245 months of import activity and 162 months of export activity recorded. It also operates in the manufacture of other men’s outerwear industries.

The company's website, Boxfit UK, is a bustling e-commerce platform specializing in boxing equipment and apparel. The site offers a wide range of products, from gloves and punch bags to custom-designed ring wear and fitness gear. It caters to both amateur and professional boxers, as well as fitness enthusiasts. The website also features a club shop section, showcasing collections from various boxers and brands. A significant portion of the site is dedicated to custom ring wear, allowing customers to design their own boxing shorts, robes, and jackets. The site also has a clearance section, offering discounted items. It’s a comprehensive online destination for all things boxing.

Financially, Boxraw Ltd shows a mixed picture. Current assets have decreased by 16% to £1,900,000, while net assets have decreased by 4.1% to -£1,300,000. Bank borrowings have increased by a staggering 310% to £260,000, and cash reserves have fallen by 34% to £420,000. Creditors have decreased by 42%, suggesting improved 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) allows for agility, but the equity decline is a concern. The company is exempt from an audit as a small company, so the figures are unaudited.

The surge in bank borrowings, combined with the decrease in cash reserves, suggests that Boxraw Ltd may be burning through money. The decrease in net assets, despite the decrease in creditors, indicates that the company may be struggling to generate profits. It’s possible that the company is investing heavily in marketing or expanding its product line, but the financial data suggests that it needs to carefully manage its cash flow.

Registered in England/Wales under the registration number 10118084, with a registered address at CV1 5QP, England, Coventry, Ground & First Floor Offices, Herbert Art Gallery,, Jordan Well.

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