Freet Footwear Ltd

Freet Footwear Ltd, based in Richmond, UK, is a small, family-run business with an active status, celebrating ten years since its founding in 2015. Employing five people and holding £780,254 in assets, the company operates from a real address and is managed by two directors and two owners. It’s a regular importer of footwear and related items, with 12 months of import activity recorded, and a more recent three-month history of exporting these items.

The company's website, Freet Barefoot, exclusively ships within the UK and specializes in minimalist barefoot shoes. The site showcases a wide range of footwear styles, from hiking boots to sandals, catering to various activities like hiking, fitness, and everyday wear. It emphasizes barefoot technology, roomy foot boxes, and flexible designs, appealing to customers seeking natural foot movement and comfort. The website also features a blog with articles on barefoot shoe technology, sizing guides, and customer stories, demonstrating a commitment to educating and engaging its audience.

Financially, Freet Footwear Ltd presents a mixed picture. While cash bank on hand increased by a substantial 36% to £390,000, trade debtors have surged by 360% to £40,000—a significant jump that could indicate delayed customer payments or expanded credit terms. Creditors also increased by 40% to £180,000, and other creditors have ballooned by 770% to £20,000. Net assets increased by 23% to £610,000, a positive sign, but the increase in liabilities needs to be monitored. The company meets the criteria for a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), and no auditor is mentioned, likely due to its small size. The increase in liabilities, however, suggests the company may be burning through money, though the increase in cash is a good sign.

Registered in England/Wales under the registration number 09455817, with a registered address at DL10 4DG, United Kingdom, Richmond, North Yorkshire, 16 High Garth.

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