Swole Group Ltd

Swole Group Ltd from Redhill UK is a small, active company founded seven years ago. While the business is active, accounts are overdue for two years, and confirmation statements are also overdue. The company employs just one person and holds £30,887 in assets, operating from a virtual address shared by many other businesses. It's led by one director and one owner, and irregularly imports clothing and accessories made by knitting or crocheting, with the last import operation occurring one month ago.

The company’s website, Swole Gym Clothing, is an e-commerce platform dedicated to selling gym apparel for men and women. The site showcases a range of products, including vests, tanks, tracksuits, leggings, and hoodies, with a focus on premium quality materials, UK design, and customer satisfaction. It offers various shipping options, including express delivery, and a 30-day return window. The website also features a blog with fitness-related content, reinforcing its brand as a source of both apparel and inspiration.

Financially, Swole Group Ltd presents a mixed picture. Cash reserves have plummeted by 99%, leaving just £120 remaining, while bank borrowings have increased significantly to £10,000. Current assets have risen by 47% to £31,000, but net assets have dramatically decreased by 2100%, resulting in a negative equity of -£27,000. Creditors have also increased by 210%, reaching £61,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit.

Overall, Swole Group Ltd appears to be facing financial challenges, with a significant decline in equity and reliance on bank borrowings. While the e-commerce business seems active and well-positioned, the financial data suggests the company is burning through money.

Registered in England/Wales under the registration number 10963757, with a registered address at RH1 5NB, England, Redhill, The Old Mill, Kings Mill Kings Mill Lane, South Nutfield.

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