Silverback Direct Ltd

Silverback Direct Ltd is a small, active company based in London, UK, founded three years ago in May 2021. It holds £70,693 in assets and operates a virtual address, registered with 28,877 other companies, suggesting a shared workspace. The company is run by one director and one owner, with no employees reported. Silverback Direct Ltd runs an e-commerce site specializing in retail via mail order and internet sales, and is an irregular importer, with its top import category being Toys, games, and sports equipment, totaling 1 months of imports. The last import operation was conducted on November 01, 2024.

The company’s website, Silverback Gym Supplies, is a dedicated online retailer of gym equipment, offering a wide range of products from free weights and cardio machines to functional training gear and power racks. The site boasts a comprehensive catalog, with bundles and individual items catering to both home and commercial gyms. It's clear the company is focused on providing equipment for fitness enthusiasts.

Financially, Silverback Direct Ltd’s recent performance presents a mixed picture. Current assets have decreased slightly, falling 3.1% to £71,000, while net assets have significantly worsened, plummeting 180% to -£77,000. Cash bank on hand has also dropped by 39%, sitting at £590. Creditors have risen dramatically, increasing 46% to £150,000. Trade debtors have doubled to £1,100. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial equity decline and increased borrowings raise concerns. No auditor is mentioned, likely due to the company’s small size and exemption from an audit. The company’s depreciation for computer equipment has increased by 57%, while plant machinery has increased by 260%, which could be a sign of investment in the business.

Registered in England/Wales under the registration number 13376090, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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