Craftastik Limited

Craftastik Ltd, based in Rainham, UK, is a small, active company founded six years ago in 2018. With 18 employees and £789,190 in assets, it operates from a real address within a business park and is led by two directors and owners—a solo founder at its core. The company runs an e-commerce site with a solid 4.0 Google rating from 25 reviews, specializing in candle-making supplies and related materials. It’s a regular importer of glass and glassware, with five months of import activity recorded, the last in June 2023.

The website, Craftastik, showcases a wide range of products, from candle wax and wicks to fragrance oils and molds. It caters to both hobbyists and businesses, offering wholesale pricing and a focus on quality materials. The site's design is clean and user-friendly, with clear product categories and detailed descriptions—a testament to its online retail focus. It’s a modern e-commerce operation, clearly aiming to be a one-stop shop for candle and wax melt enthusiasts.

Financially, Craftastik Ltd presents a mixed picture. While current assets increased by 26% to £790,000, net assets only rose by 7.1% to £140,000. Bank borrowings increased by 32% to £650,000, and trade debtors rose by 35% to £280,000—suggesting potential issues with customer payments. Creditors, however, decreased by 39%, indicating improved debt management. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in borrowings raises questions. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Craftastik Ltd appears to be a thriving e-commerce business, but the financial data suggests it's burning through cash—perhaps investing in inventory or marketing. Whether this is a sustainable growth strategy or a cause for concern remains to be seen.

Registered in England/Wales under the registration number 11682109, with a registered address at RM13 8LE, England, Rainham, Unit 11, Swift Business Park, Creek Way.

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