Cygnet Yarns Limited

Cygnet Yarns Ltd, based in Leeds, UK, is a small, active company established 38 years ago. With nine employees and £1,236,828 in assets, it operates from a virtual address, managed by two directors and two owners. The company boasts a stellar 5.0 Google rating based on 22 reviews. It’s a regular importer of man-made staple fibers, having imported for 70 months, with the latest import in February 2025. It also occasionally exports vehicles, parts, and accessories, with one month of export activity recorded in June 2018.

The company’s website highlights its role as a wholesale supplier of hand-knitting yarns, catering to stockists and offering a wide range of yarns, patterns, and resources. It has a dedicated section for wholesale pricing and order information, and actively promotes its products through a blog and social media presence. The site also features a "Cygnet Collaborators" program, suggesting a focus on building relationships within the knitting and crochet community. The website's structure indicates a business model centered around wholesale distribution, with a strong emphasis on online presence and community engagement.

Financially, Cygnet Yarns Ltd shows some concerning trends. While current assets increased by 31% to £1,200,000, cash bank on hand experienced a significant drop of 43% to £100,000. Trade debtors decreased by 19% to £180,000, which is good, but creditors also increased by 19% to £800,000. Retained earnings accumulated losses grew by a significant 61% to £450,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the decrease in cash reserves and increase in creditors suggest it's burning through money. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

Overall, Cygnet Yarns Ltd appears to be a well-regarded wholesale supplier with a strong online presence, but its financial health is a little shaky. It’s important to monitor its cash flow and debt management closely in the coming months.

Registered in England/Wales under the registration number 02112820, with a registered address at LS19 7ZA, Leeds, West Yorkshire, Firth Parish 1 Airport West, Lancaster Way Yeadon.

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