Bothy Threads Ltd

Bothy Threads Ltd, based in Wigton, UK, is a small, holding company with an active status, having been founded eighteen years ago in 2007. The company employs twenty people and holds assets totaling £1,986,200. With three directors and one owner, it operates from a real address and is regularly importing cotton products (51 months) and exporting miscellaneous manufactured goods (26 months).

The company’s website showcases a wide range of cross-stitch and tapestry kits, appealing to hobbyists and crafters. It features designs from numerous artists and brands, including Alison Gardiner, Amanda Loverseed, and Wrendale Designs. The website also offers downloadable patterns, project bags, and a variety of accessories like needles, thread, and embroidery hoops. It’s clear that Bothy Threads Ltd caters to a niche market with a strong online presence, offering a curated selection of crafting supplies and designs.

Financially, Bothy Threads Ltd shows a mixed picture. Creditors have increased significantly, up 120% to £91,000, which could indicate expansion or increased supplier costs. However, bank borrowings have also risen by 2,400%, reaching £29,000, suggesting a reliance on external funding. Cash reserves have fallen by 30% to £28,000. Despite these challenges, net assets increased by 9.1% to £1,800,000. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the increased debt warrants close monitoring. There's no auditor mentioned, so the financial information is unaudited.

Overall, Bothy Threads Ltd seems to be navigating a period of growth, but the rising debt levels should be watched closely.

Registered in England/Wales under the registration number 06169698, with a registered address at CA7 3DP, England, Wigton, Cumbria, Unit 7 Aspatria Business Park, Park Road.

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