Andee Knits Ltd

Andee Knits Ltd from Bridgwater UK: a small, active company founded 14 years ago, employs just one person, and holds £6,197 in assets. Run by two directors and a solo founder, the business operates a thriving e-commerce site with a stellar 5.0 Google rating from 12 reviews. It’s a real address, and the company is registered as a private limited company.

The website, Andee Knits, specializes in knitting machines, accessories, and hand-knitting supplies. It caters to both hobbyists and professionals, offering a wide range of products from Silver Reed and Brother knitting machines to yarn, patterns, and tools. The site is well-organized, with clear product categories and helpful information, and it even offers DAK software upgrades and accessories. It’s a clear indication of a business focused on serving a dedicated niche market.

Financially, Andee Knits Ltd shows some concerning trends. Accumulated depreciation increased by 8%, while cash bank on hand plummeted 74%, leaving just £390. Creditors rose by 13%, and bank overdrafts decreased by 7%, and the company’s net assets dropped 16% to -£64,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the decrease in equity suggests it’s burning through cash. The accounts are unaudited, and there's no auditor mentioned, which is typical for small companies.

While the e-commerce site is clearly successful, the financial data paints a picture of a business struggling to stay afloat. It’s possible that increased costs or slow-paying customers are contributing to the issues, but without more information, it’s difficult to say for sure.

Registered in England/Wales under the registration number 07356032, with a registered address at TA6 4ER, England, Bridgwater, 7 Juniper Close.

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