Rare Gear Llp

Rare Gear LLP, based in North Wembley, UK, is a small, active limited liability partnership founded twenty years ago in 2005. With £72,629 in assets, the company operates from a real address and is managed by two directors and a single owner, who also serves as the solo founder. The business regularly imports electrical machinery and equipment – a consistent activity over the last seven months – and occasionally exports machinery, boilers, and mechanical appliances, with one month of export activity recorded as of December 2020.

The company’s website, Rare Gear LLP, positions itself as a UK-based supplier and wholesaler of aroma diffusers and humidifiers. The site showcases a range of ultrasonic diffusers and humidifiers from various brands, targeting customers seeking to enhance well-being and living spaces. The website’s product listings and descriptions suggest a focus on e-commerce, with an emphasis on competitive pricing and customer support. The site also includes a privacy and cookies policy, indicating a commitment to data protection.

Financially, Rare Gear LLP’s recent performance presents a mixed picture. Current assets increased by 8.4% to £73,000, while net assets remained relatively stable. Cash reserves grew by 18% to £19,000, suggesting improved liquidity. However, trade debtors increased significantly by 58% to £7,500, potentially indicating delayed customer payments. Creditors also rose by 12% to £9,400, and other taxation social security payable increased dramatically by 310% to £4,500. The company’s small size—meeting two of three conditions for being classified as small—helps it remain flexible, but the increase in debtors and social security liabilities warrants attention. As a small LLP, it is exempt from an audit, so the financial information is unaudited.

Overall, Rare Gear LLP appears to be a small, niche e-commerce business with a focus on aroma diffusers and humidifiers. While its financial performance shows some positive trends, the increase in debtors and social security liabilities suggests that the company needs to manage its cash flow carefully.

Registered in England/Wales under the registration number OC312860, with a registered address at HA9 7UR, England, North Wembley, Middlesex, Rare Gear Llp C/O Estate Office, Wembley Commercial Centre, East Lane.

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