Crochet Magic Ltd

Crochet Magic Ltd is a small, active company based in Dewsbury, UK, founded five years ago in January 2020. With just one employee and £12,986 in assets, it operates from a virtual address – eleven companies registered at the same location – and is run by a single director and owner, Crawley Ermina Soriano. The company’s focus is on retail sales via mail order and the internet, offering a wide range of arts and crafts supplies, including crochet and knitting yarns, diamond art kits, and sewing accessories.

The company’s website showcases a vibrant online store with a variety of products, including clothing patches, tulle, and cross-stitch kits. It offers free shipping on orders over £25 and encourages customers to sign up for its newsletter to receive the latest news and special offers. The site also features a blog section, although it currently lacks content, highlighting a potential area for improvement.

Financially, Crochet Magic Ltd presents a mixed picture. While current assets increased slightly to £13,000, net assets decreased significantly to -£8,900, indicating a loss of equity. Bank overdrafts remain steady at £930, and creditors rose to £25,000, suggesting increased reliance on short-term financing. Trade debtors have also increased substantially, which could be a sign of delayed payments. Despite meeting two of three criteria to be considered a small company, the negative equity and rising debts suggest the company is burning through money. As a small company, it's exempt from an audit, and the financial statements are unaudited.

Registered in England/Wales under the registration number 12392390, with a registered address at WF12 8AT, England, Dewsbury, 40 Wakefield Road.

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