Shooz Limited

Shooz Limited, based in Bath, UK, is a small, active company founded ten years ago in 2015. With two employees and £28,793 in assets, it operates from a virtual address shared by 160 other companies, a bit unusual. The company is managed by two directors and owners, Giacobbe Gio and Iannuzzi Edoardo, who also serve as company directors. It’s a regular importer, specializing in footwear and related items, with five months of import activity recorded, the last in December 2022.

The company’s website, Shooz Limited, describes itself as operating within the manufacture of footwear industries. It appears to be primarily a wholesale operation, with no direct-to-consumer e-commerce presence detected. The company’s focus is on sourcing and importing footwear, suggesting a business-to-business model rather than retail sales.

Financially, Shooz Limited presents a mixed picture. Current assets have fallen significantly by 54%, dropping to £29,000, while cash reserves have plummeted 67%, leaving only £3,800. Bank borrowings have increased by 16%, reaching £81,000, and creditors have decreased by 8.2%, suggesting some improvement in debt management. The company’s equity has also taken a hit, with retained earnings and accumulated losses decreasing by 52%. While the company meets the criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the substantial decline in cash and equity raises concerns about its financial health. The lack of an auditor mentioned likely reflects its exemption as a small company, meaning the financial statements are unaudited.

The sharp drop in cash reserves, combined with increased borrowings, suggests Shooz Limited may be burning through money faster than it’s generating revenue. While the decrease in creditors is a positive sign, the overall trend points to a company facing financial pressure. The company’s reliance on importing footwear, and the lack of a diversified revenue stream, could make it vulnerable to supply chain disruptions or changes in market demand.

Registered in England/Wales under the registration number 09533409, with a registered address at BA2 4BL, United Kingdom, Bath, 11 Laura Place.

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