Snug Global Ltd

Snug Global Ltd is a small, active company based in London, UK, founded two years ago. With £2,394 in assets and a virtual address shared by 27 other companies, it operates as a solo founder e-commerce site with one director and owner. The company’s primary focus is retail sale via mail order houses or via internet.

The website, Snug Socks Co., showcases a range of combed cotton socks, emphasizing single-origin production from Turkey's Aegean region. The site highlights the use of premium Aegean cotton, GOTS certification, and Italian machinery—all aimed at delivering high-quality, durable socks. It also offers bundles and collections for both men and women, alongside a newsletter offering 10% off subscriptions. The site’s design is clean and modern, with a focus on product photography and clear calls to action.

Financially, Snug Global Ltd’s numbers paint a mixed picture. Current assets have decreased by 12% to £2,400, while net assets have fallen by 31% to £1,400. Bank overdrafts remain steady at £7, and cash bank on hand has plummeted 77% to just £73. Creditors have increased by 41% to £1,000, and trade debtors have decreased by 32% to £210. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, relying on unaudited statements.

The significant drop in equity is a cause for concern, suggesting the company may be burning through cash. While the e-commerce site appears well-designed and focused on quality, the financial data indicates a need for careful management—perhaps a focus on improving sales or controlling expenses.

Registered in England/Wales under the registration number 14447444, with a registered address at N5 2ER, United Kingdom, London, Office 408 Screenworks 22 Highbury Grove.

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