Grace Gears Limited

Grace Gears Ltd, based in Harrow, UK, is a micro company with an active status, founded three years ago in 2021. The company holds £10,361 in assets and operates from a real address, managed by a single director and owner—a solo founder. It runs an e-commerce site selling sports equipment, and is an irregular importer of toys, games, and sports equipment, with just one month of import activity recorded as of November 2021.

The company’s website, Grace Gears, focuses on boxing and fitness equipment. It offers a range of gloves, head guards, punching bags, and other accessories, with a focus on sales and discounts. The site also features a newsletter signup, encouraging repeat business. While the website highlights "free shipping on all UK Mainland orders," it also notes standard shipping charges apply for deliveries outside the UK.

Financially, Grace Gears Ltd presents a mixed picture. Current assets have decreased by 24% to £10,000, while net assets have dropped 67% to -£5,500. Cash reserves have also fallen, although they’re up 220% to £380. Trade debtors have increased, suggesting customers are taking longer to pay. The company’s small size (meeting two of three criteria for turnover under £632,000, assets under £316,000, and fewer than 10 employees) helps it remain flexible, but the significant equity decline raises questions. The accounts are unaudited, as is typical for small companies, and no auditor is mentioned.

While the e-commerce site appears active and offers competitive pricing, the financials suggest the company is burning through cash. Whether this is a temporary setback or a longer-term challenge remains to be seen—but for now, Grace Gears Ltd is relying on its online presence and product range to navigate these pressures.

Registered in England/Wales under the registration number 13453108, with a registered address at HA3 5QH, England, Harrow, 16-18 Headstone Drive.

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