3 Bags Wool Ltd

3 Bags Wool Ltd, based in Aberlour, UK, is a small, active company founded seven years ago. With eight employees and £33,821 in assets, it’s a solo-founded operation led by a single director and owner. The business enjoys a stellar 5.0 Google rating based on 23 reviews. It's an irregular importer, primarily dealing with wool and animal hair products, with the last import activity recorded just one month ago.

The company’s website, 3 Bags Wool, is a yarn store and workshop space. It creates for your heart and home. It’s a passion project for Sarah, who offers needle felting kits and workshops. Visitors can find her at 8 Balvenie Street, Dufftown, and can contact her at 07342644910. The WoolSkool offers classes and workshops, and customers are encouraged to sign up for the newsletter.

Financially, 3 Bags Wool Ltd shows some interesting trends. Cash bank on hand increased by 37%, to £11,000, while current assets rose by 20% to £34,000. However, retained earnings accumulated losses increased by a staggering 1300%, reaching £27,000. Bank borrowings decreased by 35%, to £14,000, and creditors decreased by 28%, to £61,000. 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 stay nimble, but the significant increase in equity raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, 3 Bags Wool Ltd is showing signs of growth, but the large increase in equity suggests it’s burning through cash, or perhaps has made a large investment. The company’s focus on workshops and classes, along with its strong Google rating, indicates a loyal customer base—but its financial health will need to be monitored closely.

Registered in Scotland under the registration number SC588072, with a registered address at AB38 9QB, Scotland, Aberlour, The Gather'N, 89 High Street.

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