Bugweed's Fabrics Limited

Bugweed S Fabrics Ltd, based in York, UK, is a small holding company with an active status, having been founded nine years ago. The company employs just one person and holds £388,463 in assets, boasting a perfect 5.0 Google rating from 57 reviews. It operates as an irregular importer, primarily dealing with knitted or crocheted fabrics, with its last import activity occurring one month ago. The company has two directors and one owner, with a real registered address shared by two other businesses.

Bugweed’s website reveals a focus on sewing and crafting workshops and events, catering to adults and children of all abilities. Courses range from dressmaking to lefthanded crochet, encouraging community and skill-building. The website also promotes a sister business, Bugweed's, which is an amplystocked shop for craft supplies. The business operates from a business park in York, and offers a range of services, including sewing school, workshops, and events.

Financially, Bugweed S Fabrics Ltd shows some concerning trends. While current assets increased by 57% to £390,000, net assets plunged 99% to -£98,000, a significant downturn. Bank borrowings increased substantially, and cash reserves decreased by 18% to £10,000. Trade debtors have risen considerably, suggesting potential issues with customer payments. The company’s small size (meeting two of three criteria for being classified as small) helps with agility, but the substantial equity decline is a red flag. The accounts are unaudited, and there is no auditor mentioned.

Overall, Bugweed S Fabrics Ltd seems to be facing financial challenges despite its positive online reputation and community-focused workshops. The company is clearly working hard to provide crafting opportunities, but its financial health requires careful monitoring.

Registered in England/Wales under the registration number 09755915, with a registered address at YO30 4WX, United Kingdom, York, 8 Marsden Park, James Nicolson Link ,Clifton Moor.

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