The Yorkshire Footwear Company Limited

The Yorkshire Footwear Company Limited, based in Bridlington, UK, is a small, active family business founded six years ago in 2019. Employing four people, the company holds £92,824 in assets and operates from a virtual address – seventy nine other companies are registered at the same location. It’s run by two directors and two owners, Jackson Samuel Lee and Jackson Karen. The company’s website is a vibrant showcase of luxury merino socks, offering a wide range of styles and materials, including compression socks for various activities like hiking, running, and skiing. It also offers gift bundles and subscription services.

The website’s extensive product range, divided into categories like Men’s, Ladies’, Everyday, and Sporting, highlights a focus on quality and British craftsmanship. It even has a dedicated section for walking socks and a detailed FAQ section addressing common customer queries about wool care and sock durability. The site’s blog posts, such as those detailing the benefits of merino wool and providing care instructions, reinforce the company’s expertise and commitment to customer education.

Financially, The Yorkshire Footwear Company Limited shows a mixed picture. While current assets decreased by 4.8% to £93,000, cash bank on hand increased significantly by 180% to £9,600. However, retained earnings and accumulated losses plummeted by 31%, leaving equity at £58,000. Creditors also increased by 41% to £57,000, and other taxation and social security payable rose by 81% to £21,000. It's a small company, meeting two of three conditions for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests it’s exempt as a small company, relying on unaudited statements.

The company is a regular importer of footwear and related items, with 10 months of import activity recorded, the latest in July 2024. Despite the financial pressures, the company’s focus on a niche market – luxury merino socks – and its strong online presence suggest it has potential for growth. It’s clear that the company is working hard to maintain its position in the competitive sock market, but the declining equity raises questions about its long-term sustainability.

Registered in England/Wales under the registration number 11861103, with a registered address at YO16 4LZ, United Kingdom, Bridlington, Medina House, 2 Station Avenue.

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