Gravitate Sport Ltd

Gravitate Sport Ltd, based in Bath, UK, is a small, active company founded four years ago. With a single employee and £13,613 in assets, it operates from a virtual address shared by numerous other businesses. The company is led by a solo founder and director, Taylor Benjamin David Kirby, and focuses on importing clothing and accessories made by knitting or crocheting, though import activity has been irregular, with the last recorded in 2023.

The company’s website, Gravitate, positions itself as more than just a sportswear retailer. It’s described as a “social movement rooted in an old school energy,” aiming to reimagine athletic communities through culture, connection, and collective energy. The site features a wide range of products, from workwear to outdoor gear, and caters to a global customer base with multiple currency options. It also has a blog with articles about fitness and lifestyle.

Financially, Gravitate Sport Ltd shows a mixed picture. Current assets have decreased by 33% to £9,100, while net assets have plummeted 230% to -£44,000. Cash reserves have increased significantly by 460% to £6,800, which is a positive sign, but bank borrowings have also increased. Creditors have risen by 18%, suggesting a need for careful debt management. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the significant equity decline raises concerns. The company is exempt from an audit, so the figures are unaudited.

While the website presents a vibrant brand and a global reach, the financials suggest the company is burning through money. Whether this is a temporary phase as it builds its brand or a longer-term challenge remains to be seen.

Registered in England/Wales under the registration number 13399305, with a registered address at BA1 2EH, United Kingdom, Bath, 12b George Street.

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