We are a stylish sock brand for the modern gentleman, conveniently delivered online and via subscription.
Business overview
Location | London, United Kingdom |
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Social media | |
Website | www.londonsockcompany.com |
Sectors | Clothing & Accessories Digital B2C |
Company number | 08694788 |
Incorporation date | 18 Sep 2013 |
Idea
Introduction
Hi, I'm Dave, co-founder of London Sock Company. In 2013 my co-founder Ryan and I left our city jobs to launch a new, direct to consumer sock brand, serving the modern professional.
Why?
Socks are one of the fastest growing apparel categories, forecast to be worth £34Bn-£45Bn by 2027. For men in particular, they are the new tie.
With technology skills at our core and by leveraging data and AI, we are aiming to deliver a new experience of socks, direct to our modern consumer – in the UK, the US and now parts of Asia too.
With minimal investment we achieved £2.2m revenue in 2018, up from £1.2m in 2017. Our backers include British supermodel David Gandy, Venrex (VC), and a series of experienced angel investors from the retail and technology industries.
We're riding a huge growth curve and are excited to welcome new Seedrs investors to join us and help us on our journey.
Key Information
Outstanding Debt
Overdraft facility maximum £500k, currently £200k utilised.
Private 12 month loan of £100k repayable in Q1 2021.
£50k Covid-19 Government bounce-back loan, taken in July 2020.
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