London Sock Company Limited

London Sock Company Ltd, hailing from London, UK, is a small, active company established eleven years ago in 2013. It boasts £967,670 in assets and operates from a virtual address, with two directors overseeing its operations and no owners reported. The company runs an e-commerce site and enjoys a solid 4.0 Google rating based on 217 reviews.

The London Sock Company specializes in wholesale and retail of clothing and footwear, primarily through online channels. Its website showcases a wide range of dress socks, boot socks, sport socks, and more, catering to various styles and preferences. It’s a vibrant online destination with a focus on designer collaborations, pastel collections, and gift boxes. The site even has a blog section, offering style tips and insights into the world of socks.

Financially, the company’s numbers present a mixed picture. While current assets increased by 17% to £970,000, net assets took a significant hit, decreasing by 100% to zero. Bank borrowings rose by 22% to £110,000, and cash reserves saw a substantial jump of 220% to £360,000. Creditors, however, decreased by 66% to £44,000, suggesting improved debt management. The company meets the criteria for a small business, with turnover below £10.2 million, assets below £5.1 million, and less than 50 employees. No auditor is mentioned, which is likely due to its small size and exemption from an audit.

The sharp decline in net assets is a noteworthy trend, potentially reflecting increased investment in inventory or marketing efforts. The company’s reliance on online sales and its focus on designer collaborations seem to be driving customer engagement, but the financial results indicate a need for careful management of cash flow and debt.

Registered in England/Wales under the registration number 08694788, with a registered address at EC4R 1AG, United Kingdom, London, 10 Queen Street Place.

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