Beanie Boat Ltd

Beanie Boat Ltd from Smethwick UK: a small, active company founded three years ago, is currently facing overdue accounts and confirmation statements. Despite this, it boasts £520 in assets, operates from a real address, and is led by a single director and owner—a solo founder. The company runs an e-commerce site selling yarn, soapy goods, and other handmade items.

The business, trading as Beanie Boat Floating Yarn Shop, appears to be focused on retail via its online store. The website highlights a range of products, including yarn, vegan soap bundles, and handmade designs. It actively encourages customers to follow its Facebook and Instagram pages to learn about its trading locations in 2025. The site also features a blog section with news and updates, and a sign-up form for a monthly newsletter.

Financially, Beanie Boat Ltd presents a picture of a very small enterprise. Current assets remain steady at £520, while cash reserves are also stable at £220. However, retained earnings have remained consistent at £270. Trade creditors are also steady at £250. The lack of employees (zero reported) suggests a lean operation, and with no auditor mentioned, the figures are unaudited. The company meets the criteria for a small business, with turnover likely under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s financial data indicates a stable, albeit modest, operation. While the lack of growth is noticeable, the consistent cash reserves and trade creditor levels suggest a cautious approach to spending. The absence of employees points to a founder-led business, likely relying on external suppliers and contractors. It’s possible the company is prioritizing reinvestment in its products and online presence over rapid expansion—but the overdue accounts do raise questions about its ability to manage its financial obligations.

Registered in England/Wales under the registration number 13566447, with a registered address at B67 5BH, England, Smethwick, 114 Lightwoods Road.

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