Sums Club Ltd

Sums Club Ltd, based in Brighton, UK, is a small, active company founded two years ago. It's a solo venture, managed by a single director and owner, and boasts £722,097 in assets. The company operates from a virtual address, registered with forty other businesses, which is a little odd. It employs just one person and focuses on importing clothing and accessories made by knitting or crocheting, though import activity is irregular, with just one month recorded in November 2023.

The company’s website showcases a range of running socks, emphasizing quality and performance. It's clearly an e-commerce operation, with a strong focus on community building, offering a "Club Dashboard" with live member data and encouraging participation through running challenges and a newsletter. The site also highlights custom design options and a "Projeto Portugal" initiative, suggesting a commitment to ethical sourcing or a specific charitable cause. It’s also involved in retail sales of sports goods, fishing gear, camping goods, boats and bicycles.

Financially, Sums Club Ltd shows some positive trends. Cash bank on hand has increased dramatically, jumping 450% to £660,000. Current assets have also seen a significant boost, rising 360% to £720,000. However, there are some concerning signs. Creditors have ballooned by 820% to £49,000, and taxation liabilities have increased by 2,800% to £24,000. Retained earnings have fallen by 92%, which is a big drop. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the increase in liabilities suggests it might be burning through cash faster than it's bringing it in. There's no auditor mentioned, so the financial statements are unaudited.

Overall, Sums Club Ltd appears to be a growing e-commerce business with a strong community focus, but it's important to monitor its increasing liabilities and ensure it can sustain its growth.

Registered in England/Wales under the registration number 14653560, with a registered address at SW9 8FR, England, London, Greater London, Sums, The Department Store, 248 Ferndale Road.

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