Outgrown Cic

Outgrown CIC is a small, active company registered in London, UK, founded two years ago in January 2023. With just one employee and £824 in assets, it’s a solo founder operation led by a single director and owner. The company operates an e-commerce site focused on preloved school uniforms, handmade and upcycled products, and even outreach resources for schools. It has a real registered address and is a registered social enterprise.

The website, Outgrown CIC, highlights a mission to extend the lifespan of school uniforms by offering a convenient and eco-friendly online marketplace. It emphasizes a circular economy model, partnering with local tailors for repairs and reinvesting profits into community initiatives. The site also features a blog with content about the environmental impact of school uniforms and tips for sustainable practices—a clear effort to build brand awareness and establish expertise.

Financially, Outgrown CIC appears to be facing some challenges. Turnover has dropped significantly, from £5,300 to just £3,100, and net losses deepened. Cash reserves have also plummeted, and bank borrowings have increased. While the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, the sharp decline in equity raises concerns. It's a bit worrying, really. The lack of employees (just one reported) suggests a very lean operation, and with no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

Despite these financial pressures, Outgrown CIC’s commitment to sustainability and community engagement is evident. It's a bit of a gamble, really, but hopefully, its niche market and eco-conscious customers will help it weather the storm.

Registered in England/Wales under the registration number 14587720, with a registered address at NW3 1ST, England, London, 23 Denning Road.

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