Social Bubble Pods Ltd

Social Bubble Pods Ltd from Polegate UK: a small, active company founded four years ago, employs two people, and holds £278,073 in assets. It’s a family business with two directors and owners, boasting a solid 4.0 Google rating from 15 reviews. The company regularly imports various textile products, sets, used clothing, and rags, with its last import operation recorded five months ago in June 2021.

The company’s website showcases a unique offering: garden domes and dining pods for sale. It’s clearly targeting both the consumer and commercial markets, offering options for hire or purchase. The site highlights the versatility of these pods – ideal for creating private garden spaces, social areas, or even pop-up pubs and restaurants. It’s a clever concept, especially given the increased demand for outdoor spaces in recent years. The website also promotes financing options, which is a smart move to make the product accessible to a wider range of customers.

Financially, Social Bubble Pods Ltd’s report paints a mixed picture. Current assets have decreased by 18%, dropping to £280,000, while net assets have fallen by 23%, settling at £220,000. Bank borrowings have increased significantly, surging by 2,400% to £3,700, and cash reserves have declined by 25% to £2,300. Creditors have also risen by 270%, reaching £18,000. The company’s small size—meeting two of three conditions for being classified as small—helps it remain flexible, but the decline in equity and the increase in debt suggest it may be burning through cash. There's no mention of an auditor, which is typical for small, exempt companies.

The company’s focus on a niche product and its strong Google rating are positive signs, but the financial data indicates a need for careful management. Perhaps the increased debt is related to purchasing stock for the upcoming season, or maybe the company is investing in marketing to expand its reach. It’s difficult to say for sure without more information, but it’s clear that Social Bubble Pods Ltd is at a critical juncture.

Registered in England/Wales under the registration number 13008755, with a registered address at BN26 6GP, England, Polegate, East Sussex, Unit 21 Connect 27 Business Park, Twin Oaks Drive.

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