Bugweed's Yarn & Crafts Limited

Bugweed’s Yarn & Crafts Limited, based in York, UK, is a small, holding company with an active status. Founded nine years ago in 2015, it employs just one person and holds £80,733 in assets. With two directors and a single owner, the company boasts a stellar 5.0 Google rating from 57 reviews. It’s an irregular importer, primarily dealing with man-made staple fibers, with its last import operation recorded in June 2023.

The company'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, and the site actively promotes upcoming events and workshops, including sewing school classes and quilting bees. It even has a calendar of events. The website also includes a shop section, but it redirects to Bugweeds Limited, suggesting a sister business handles the retail aspect.

Financially, Bugweed’s Yarn & Crafts Limited presents a mixed picture. While cash reserves increased by 50% to £1,800, current assets also rose by 110% to £81,000. However, net losses deepened significantly, increasing by 250% to -£38,000. Trade debtors decreased dramatically, dropping 83% to just £3,900, while creditors surged 160% to £140,000. The company’s small size—meeting two of three criteria for being a small company—helps it remain flexible. It’s unaudited, as is typical for small companies, and no auditor is mentioned.

Overall, Bugweed’s Yarn & Crafts Limited appears to be a small business with a strong focus on community and crafting. However, the significant increase in losses and the rise in creditors suggest it’s burning through money, and the company may need to carefully manage its finances to ensure its long-term sustainability.

Registered in England/Wales under the registration number 09755883, 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.