Sokollab Limited

Sokollab Limited, based in Wanstead, London, is a small, active company founded seven years ago in 2018. With 18 employees and £626,511 in assets, it operates from a virtual address shared by seventy-two other companies, a detail worth noting. The company has two directors and two owners, and it runs a thriving e-commerce site specializing in K-Pop merchandise, clothing, and accessories. Its Google rating is a perfect 5.0 based on 629 reviews, a testament to its popularity among fans. Sokollab regularly imports electrical machinery and equipment, with 35 months of import activity recorded, and has recently started exporting similar goods, with three months of export activity.

The company’s website, SOKOLLAB, is a vibrant online store showcasing a vast selection of Korean pop culture items. It’s a real destination for K-Pop enthusiasts, offering everything from albums and photobooks to lightsticks and clothing. The site is well-organized, with easy navigation and a user-friendly interface. It also features a blog with interviews, event announcements, and other content relevant to the K-Pop community. The website's design is very modern and eye-catching.

Financially, Sokollab Limited’s recent performance presents a mixed picture. While cash bank on hand decreased by 27% to £330,000, net assets increased by 29% to £230,000—a positive sign. Average number of employees has risen by 22% to 22, suggesting growth in operations. However, accrued liabilities increased by 38%, and merchandise decreased by 32%, indicating potential challenges in inventory management. Trade debtors decreased by 32%, which could be a good sign of better collection practices. 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 it to be agile, but the changes in liabilities and merchandise warrant close monitoring. As a small company, it is exempt from an audit, so the figures are unaudited.

Overall, Sokollab Limited appears to be a successful e-commerce business catering to a passionate fan base. While the financial data shows some volatility, the company's strong online presence and positive customer reviews suggest a bright future.

Registered in England/Wales under the registration number 11180305, with a registered address at E11 2RJ, England, Wanstead, London, 34-40 High Street.

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