Gain The Edge Limited

Gain The Edge Ltd is a small, active company based in London, UK, founded four years ago in 2020. With three employees and £2,298,474 in assets, it operates from a virtual address shared by many other companies, which is a bit odd. The company is family-owned and runs an e-commerce site specializing in grip socks and related accessories. It regularly imports clothing and accessories made by knitting or crocheting – nineteen months of import activity recorded, with the latest in December 1st, 2024 – and has dabbled in exporting similar items, though only for one month in November 2023.

The company's website, Gain The Edge, focuses on performance socks designed to improve grip and stability. It caters to athletes and fitness enthusiasts, offering a range of styles and colors. The site emphasizes quality, innovation, and customer satisfaction, with a focus on UK-based manufacturing and fast shipping. It's a pretty slick operation, all things considered.

Financially, Gain The Edge Ltd presents a mixed picture. While cash reserves increased by a substantial 240%, reaching £580,000, other areas show concerning trends. Net assets plummeted 320%, settling at £840,000, and bank borrowings surged by 310%, reaching £140,000. Creditors also increased significantly, ballooning by 1100% to £1,500,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the substantial increase in liabilities is something to keep an eye on. The company is exempt from an audit as a small company, so the figures are unaudited.

The substantial increase in bank borrowings suggests the company may be investing in growth or facing short-term cash flow challenges. It’s a bit of a puzzle, really. The company's directors, George Wallis, Harry Simonis, and Tom Wallis, will need to keep a close watch on these trends to ensure the business remains on a solid footing.

Registered in England/Wales under the registration number 12903710, 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.