Future Sports Gear Limited

Future Sports Gear Limited, based in London, UK, is a small, active company established nine years ago. It operates as a private limited company with a real registered address and employs just one person. The business runs an e-commerce site and functions as an irregular importer, bringing in clothing and accessories (excluding knitted or crocheted items) for a couple of months in 2022. It’s overseen by one director and one owner, with Wild David Eric serving as the director.

The company's website showcases a focus on teamwear and kit building, offering clubs a unique identity through bespoke designs. It highlights a commitment to industry-leading delivery schedules and transparent customer service, contrasting itself with other sportswear suppliers. The site also includes galleries, size guides, and FAQs, reinforcing its dedication to customer support and ease of use.

Financially, Future Sports Gear Limited presents a mixed picture. While assets remain at £5,100, net assets have fallen significantly from -£16,000 to -£6,500, a considerable drop. Bank borrowings have surged by 6,400%, reaching £9,700, and cash reserves have plummeted 230% to -£1,700. Creditors, however, have decreased by 72%, suggesting some improvement in debt management. Loans from directors have increased substantially, rising 6,400% to £9,700. The company meets two of the three criteria to be considered small – turnover under £10.2 million and assets under £5.1 million – and has no employees. As a small company, it is exempt from an audit, so the figures are unaudited.

The sharp decline in equity and the reliance on loans from directors indicate that Future Sports Gear Limited is facing financial pressure. While the e-commerce site appears well-designed and customer-focused, the underlying financials suggest a company burning through cash. It's possible that the company is investing heavily in marketing or expansion, but the lack of cash reserves is concerning.

Registered in England/Wales under the registration number 10051692, with a registered address at W1B 3HH, England, London, Sleek Accounting Ltd, 205 Regent Street.

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