Country Nettle Ltd

Country Nettle Ltd is a small, active family business based in Torquay, UK, established five years ago. The company, with two directors and owners, operates an e-commerce site selling tailored women’s clothing inspired by the British countryside. It holds £52,504 in assets and uses a virtual address, registered with fourteen other companies, which is a little unusual.

The website showcases a range of tweed skirts, jackets, and accessories, emphasizing British heritage and "Country Chic couture." It also features a "Village Collection" of luxury garments, designed to form part of a capsule wardrobe, and offers special promotions like a scarf and pin bundle. The site is well-designed and clearly targets a specific niche of discerning customers.

Financially, Country Nettle Ltd presents a mixed picture. While current assets increased slightly to £53,000, net assets decreased significantly to -£10,000. Cash bank on hand saw a substantial increase of 140% to £11,000, which is a positive sign. However, creditors also rose by 13% to £64,000, suggesting increased reliance on short-term borrowing. The company’s small size – meeting two of three criteria for a small company – allows for agility, but the negative equity is a cause for concern. Deferred tax debtors increased by 66%, which could be a one-off adjustment. With no auditor mentioned, the accounts are unaudited.

The company’s turnover is not stated, but it’s likely to be relatively low, given the asset base and the nature of the business. The increase in creditors, alongside the negative equity, suggests the company is burning through cash, though the increase in cash reserves is a small comfort. The management team, consisting of the two owners, will need to carefully manage costs and focus on driving sales to ensure long-term sustainability.

Registered in England/Wales under the registration number 12495853, with a registered address at TQ1 4UT, United Kingdom, Torquay, Devon, The Old Bank Chambers 223 Union Street, Brunswick Square.

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