Pants And Socks Limited

Pants And Socks Limited is a small, active company based in Banstead, UK, founded five years ago in 2020. With £584,063 in assets and a virtual address, it employs seven people and is overseen by two directors and two owners. The company operates an e-commerce site, selling a variety of men’s underwear and socks, and is an irregular importer of clothing and accessories made by knitting or crocheting, with just two months of import activity recorded.

The website, PantsAndSocks.com, boasts a wide selection of brands like Calvin Klein, Polo Ralph Lauren, and SAXX, catering to a broad range of tastes and styles. It features a user-friendly interface, clear product descriptions, and a focus on customer service, with a prominent “85,000 Customers Served!” badge. The site offers free delivery over a certain amount and a variety of payment options, reflecting a modern retail approach.

Financially, Pants And Socks Limited presents a mixed picture. Current assets have decreased by 12% to £580,000, while net assets have fallen 35% to -£1,600,000—a significant decline. Bank borrowings have been eliminated, which is a positive, but cash reserves have fallen 32% to £44,000. Creditors have also decreased by 11%, suggesting better debt management. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

While the e-commerce side appears to be thriving, the financials reveal some strain. The significant equity drop and the decrease in cash reserves suggest the company may be burning through money. It’s possible that increased marketing expenses or inventory purchases contributed to this trend. The elimination of bank borrowings is a positive sign, but the company will need to carefully manage its cash flow to ensure long-term sustainability.

Registered in England/Wales under the registration number 12474063, with a registered address at SM7 2LJ, England, Banstead, Surrey, Second Floor, Curzon House, 24 High Street.

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