Silverback Gym Wear Ltd

Silverback Gym Wear Ltd from Bromsgrove UK is a small, active company founded eight years ago in 2016. Employing seven people, the company holds £784,942 in assets and operates from a real address in Worcestershire. With two directors and two owners, it runs an e-commerce site specializing in gym wear and accessories, regularly importing clothing and accessories made by knitting or crocheting – a total of 50 months of import activity recorded.

The company's website, infosilverbackgymwear.com, showcases a wide range of products, from t-shirts and hoodies to specialized equipment like neoprene shorts and knee sleeves. It caters to strength sports enthusiasts, with a focus on bodybuilding and strongman training. The site also features a loyalty program and a dedicated section for gift cards, demonstrating a commitment to customer retention. The website offers worldwide shipping and a variety of payment options, including American Express, Apple Pay, and PayPal.

Financially, Silverback Gym Wear Ltd’s recent report reveals a mixed picture. While net assets decreased by 37% to -£51,000, suggesting a need for increased profitability, cash reserves increased by 57% to £140,000. Bank borrowings, however, have surged by 83% to £90,000, potentially indicating investment in inventory or expansion. Trade debtors have also increased significantly by 130% to £120,000, which could reflect a growing customer base but also a risk of delayed payments. 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 flexibility, but the fluctuating financials suggest a need for careful management. With no auditor mentioned, the report relies on unaudited data.

The company’s focus on strength sports apparel and its robust e-commerce presence position it well in a growing market. However, the need to manage debt and maintain profitability will be crucial for its continued success.

Registered in England/Wales under the registration number 10453065, with a registered address at B60 4DJ, England, Bromsgrove, Worcestershire, 28b1 Harris Business Park Hanbury Road.

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