Gear Depot Ltd

Gear Depot Ltd from London UK: a small, active company founded seven years ago, holds £23,480 in assets, operates from a virtual address, and is led by a single director and owner—a solo founder. It runs an e-commerce site specializing in storage solutions for garages and sheds.

The company’s website, Garage Gear Depot, showcases a range of products from steel cabinets and rolling tool chests to vinyl sheds and insulated buildings. It’s clear the business is focused on helping customers organize their garages and outdoor spaces, emphasizing durability, style, and functionality. The site has a good range of FAQs and contact information, and it’s easy to navigate.

Financially, Gear Depot Ltd is showing some concerning trends. While still considered a small company (meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), its cash bank on hand has fallen by 30% to £23,000, and net assets have declined to -£3,400. Bank borrowings have decreased slightly, but creditors remain at £27,000. The company’s equity is negative, which is not a good sign. There's no mention of an auditor, which is common for small, exempt companies.

The business seems to be burning through money, which is not unusual for a startup, but the lack of employees (zero reported) suggests a very lean operation. The company’s focus on a niche market—garage storage—could be a strength, but the financial pressures are evident. It’s a bit worrying, really.

Registered in England/Wales under the registration number 11203293, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street Covent Garden.

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