Creative World Of Crafts Limited

Creative World of Crafts Ltd, based in Nottingham, UK, is a small, active company founded 14 years ago. It's a limited company with a virtual address and a confirmation overdue by five months, employing ten people and holding assets worth £1,135,277. The business is run by three directors and one owner, and operates an e-commerce site. It regularly imports man-made staple fibers (65 months) and exports various textile products, used clothing, and rags (11 months).

The company’s website, tradecwoc.co.uk, is exclusively for trade customers and sells yarn, amigurumi kits, and crochet supplies. It's a wholesale operation, with a focus on providing materials for craft businesses. The site’s design is functional, and the emphasis is on access and availability, with a customer account login prominently displayed.

Financially, Creative World of Crafts Ltd has experienced some turbulence. Accumulated depreciation on property, plant, and equipment increased by 32%, indicating wear and tear on its assets. Bank borrowings decreased by 28%, which is a positive sign, but cash bank on hand fell by 16% to £82,000. Creditors have increased significantly, rising by 49% to £770,000, and trade debtors have also ballooned by 57% to £380,000. Equity has seen a substantial drop, decreasing by 57% to just £100,000. The company’s size (meeting two of three conditions for being a small company) allows for flexibility, but the declining equity and increasing debts are concerning. The company’s unaudited financial statements, prepared using CCH Software, don't mention an auditor.

Overall, Creative World of Crafts Ltd seems to be facing challenges in managing its finances, despite its active trading and established e-commerce presence. The increase in debts suggests a potential need to review its credit terms or cash flow management strategies.

Registered in England/Wales under the registration number 07421716, with a registered address at NG1 5DT, Nottingham, 18 The Ropewalk.

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