Crochet & Yumak Ltd

Crochet & Yumak Ltd from Bromley UK: a small, active company established 10 years ago, operates as a sole-employee e-commerce business with £36,328 in assets. It's led by a single director and owner, and registered at a real address shared by only one other company. The business focuses on retail sales through stalls, markets, mail order, and the internet, offering textiles, clothing, and footwear.

The company’s website, while currently under construction, suggests a focus on London-based crafts. It’s clear that the business is trying to build a brand, but the "under construction" message indicates a need for attention to online presence. The site’s WordPress platform suggests a basic, manageable approach to web development.

Financially, Crochet & Yumak Ltd presents a mixed picture. Current assets have fallen by 32% to £36,000, while equity has plummeted 63% to £6,600. Cash reserves have also decreased significantly, dropping 46% to £27,000. However, creditors have reduced by 24%, which could indicate improved management of short-term liabilities. Plant and machinery have also seen a decrease of 20%. The business is classified as small, meeting two of three conditions for size—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor is typical for a company of this size, relying on unaudited accounts.

The company’s financial trends suggest it’s burning through money, not generating it. The sharp decline in equity, coupled with decreasing cash reserves, is concerning. While the reduction in creditors is positive, it doesn’t offset the overall negative trend. It’s possible that the "under construction" website is impacting sales, or that the business is investing heavily in inventory—reflected in the 130% increase in total inventories. The single employee structure, while cost-effective, may also limit the company’s ability to scale.

Registered in England/Wales under the registration number 09519700, with a registered address at BR1 3BF, England, Bromley, 22 Constable Mews.

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