The Tool Sock Company Ltd

The Tool Sock Company Ltd is a small, active company from Colchester, UK, founded three years ago in 2021. With just one employee and £7,516 in assets, it operates as an e-commerce site specializing in baby and toddler socks. The company has two directors and a solo founder, with Wright Timothy Frederick and Mills Paul Raymond listed as directors. The registered address is a virtual address, shared by thirty other companies.

The company’s website, The Little Sock Company, is a vibrant online store offering a wide range of socks, booties, and tights for babies and children. It boasts a variety of styles, including cosy, frilly, original stay-on socks, mini-me matching sets, and sporty options. The site also features personalized gifting options and bundles, catering to parents and gift-givers alike. It’s clear the company is focused on providing practical and stylish solutions for keeping little feet warm and secure. They also offer a subscription service and have a strong emphasis on gifting, with a section dedicated to special gifts.

Financially, The Tool Sock Company Ltd shows some concerning trends. Cash bank on hand has plummeted by a significant 96%, dropping to just £13. Creditors have increased by 5.5% to £11,000, and net assets have decreased by 110% to -£3,400. While trade debtors have increased by 33%, suggesting better payment collection, the overall picture is one of declining equity. The company’s small size (meeting two of three criteria for a small company) means it’s exempt from an audit, so the figures are unaudited. The company's plant and machinery has also depreciated by 47%.

It's apparent that the company is burning through cash. Whether this is a temporary setback or a longer-term challenge remains to be seen, but the company’s focus on quality products and a strong online presence could help it navigate these financial pressures.

Registered in England/Wales under the registration number 13524741, with a registered address at CO5 9PY, England, Colchester, Essex, 122 Feering Hill Feering.

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