Craft Kits N Bits Ltd

Craft Kits N Bits Ltd from Basingstoke UK: a small, active company founded five years ago, employs just one person, and holds £22,288 in assets. It’s a real business with a real address, overseen by two directors and two owners, and operates an e-commerce site with a stellar 5.0 Google rating based on 31 reviews.

The company specializes in crafting supplies, offering a wide range of kits and materials—from art and baking to knitting and soap making. Its website is packed with products, and it's clear that they are trying to offer a lot. They even have a section dedicated to books, which is a nice touch. The website is well-designed and easy to navigate, and the product descriptions are detailed and informative. They seem to be doing well with sales, as they have a lot of products listed as "quick view" and "new."

Financially, Craft Kits N Bits Ltd shows a mixed picture. While the company is small, meeting two of three conditions for a small business (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), its net assets have decreased by 19% to -£66,000. Cash reserves have also fallen by 30%, sitting at just £2,000. Interestingly, trade debtors have increased significantly by 200%, which could mean they are extending credit to customers, or perhaps facing some payment delays. On the plus side, creditors have decreased by 53%, which suggests they are managing their debts well. There's no auditor mentioned, which is common for small companies.

Overall, Craft Kits N Bits Ltd seems to be a well-regarded online retailer, but its financial results indicate it's burning through money. The company’s reliance on a single employee and the negative equity suggest it's a very lean operation, and it’s hoping to turn things around.

Registered in England/Wales under the registration number 12472491, with a registered address at RG23 7GA, England, Basingstoke, 4 Rowan Tree Road, Oakley.

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