Game On Glove Ltd

Game On Glove Ltd is a small, active company based in London, UK, founded eight years ago in 2016. With just £26,663 in assets and a virtual address shared by many other businesses, it’s a lean operation run by one director and two owners. The company operates in the retail sale via mail order houses or via internet industries, and is an irregular importer, with its top import category being Leather goods, travel bags, and animal harnesses, totaling 1 months of imports. The last import operation was conducted on February 01, 2021.

While the company’s website isn’t available to review, its business activities suggest an e-commerce focus. It's likely that Game On Glove Ltd operates an online store, selling goods directly to consumers. The irregular import activity points to a business that sources products from overseas, potentially offering unique or specialized items.

Financially, Game On Glove Ltd presents a mixed picture. Current assets have dropped by 6.1% to £27,000, while net assets have plummeted 88% to -£45,000. Bank borrowings have increased by 35% to £23,000, and cash reserves have vanished completely. Creditors have risen by 38% to £49,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, and the figures are unaudited.

The significant drop in equity is concerning, suggesting the company may be burning through money faster than it’s generating revenue. The increase in bank borrowings could indicate a need for additional funding. However, the decrease in creditors suggests some improvement in debt management. The lack of cash reserves is a particular worry, and the company will need to carefully manage its expenses to avoid running out of money. The directors, Robert Duff and Jonathan Macpherson, will need to address these challenges to ensure the company’s long-term viability.

Registered in England/Wales under the registration number 10289128, with a registered address at WC1N 3AX, England, London, Crown House, 27 Old Gloucester Street.

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