Sock Snob Uk Ltd

Sock Snob UK Ltd, based in Leicester, UK, is a small, active company founded eleven years ago in 2014. Employing twenty people, it holds £6,774,403 in assets and operates a real address. With three directors and no officially reported owners, the business runs an e-commerce site and maintains a Google rating of 3.0 based on twenty-six reviews. It regularly imports clothing and accessories made by knitting or crocheting, with sixteen months of import activity, and irregularly exports similar items, with just one month of export activity recorded.

The company’s website showcases a wide range of socks, accessories, and apparel for men, women, and children, emphasizing quality and style. It features a blog with articles on topics like diabetic socks and layering for autumn, suggesting a focus on customer education and building brand authority. The site also highlights partnerships with various brands, indicating a curated selection of products.

Financially, Sock Snob UK Ltd shows some concerning trends. Accumulated amortisation impairment intangible assets increased by 11.0%, while accumulated depreciation impairment property plant equipment rose by a significant 160.0%. Cash bank on hand increased by 5.9%, but comprehensive income expense dropped by 48.0%. Trade creditors increased by 8.3%, and net assets increased by 10.0%. 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 avoids some reporting requirements, but the decline in comprehensive income and rise in creditors could signal financial pressure. With no auditor mentioned, the figures are unaudited.

Overall, Sock Snob UK Ltd appears to be a growing e-commerce business facing some financial headwinds. Its focus on niche products and brand building may help it navigate these challenges, but careful management of cash flow and debt will be essential for long-term success.

Registered in England/Wales under the registration number 08856446, with a registered address at LE19 1WR, England, Leicester, Unit 19c Meridian North, Meridian Business Park.

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