Socket Store Limited

Socket Store Limited, based in Worcester, UK, is a small holding company with an active status, having been founded fifteen years ago in 2010. The company employs eight people and holds £37,963 in assets, operating from a real address and managed by three directors and one owner. Its e-commerce site boasts a stellar 5.0 Google rating from twelve reviews, reflecting a commitment to customer satisfaction.

The company specializes in the retail sale of sockets and switches, offering a wide variety of products through its online store. The website highlights a huge range of options, from brass and steel to rose gold and black, catering to diverse tastes and styles. It offers guides, advice, and even videos to help customers make informed decisions, and prides itself on providing excellent customer service via multiple channels, including email, Facebook, and even phone. The website also showcases a range of brands and popular ranges, and even offers advice on topics like IP ratings and mood lighting.

Financially, Socket Store Limited presents a mixed picture. Current assets have fallen by 37% to £38,000, while net assets have also decreased by 19%, landing at £230,000. Bank borrowings remain steady at £110,000, but cash reserves have dwindled to a mere £580. Creditors have increased significantly by 33%, reaching £320,000, which could indicate increased reliance on trade credit. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decline in equity and cash warrants closer attention. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company's financial trends suggest a period of adjustment. While the e-commerce side appears to be thriving, the declining assets and rising creditors point to potential cash flow challenges. It’s likely the company is reinvesting in its business, but careful management will be crucial to ensure long-term sustainability.

Registered in England/Wales under the registration number 07115854, with a registered address at WR3 8SG, England, Worcester, Unit N4 Blackpole East, Blackpole Road.

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