Featherstitch House Ltd

Featherstitch House Ltd is a small, active company based in Lincoln, UK, established four years ago in 2020. It’s a family business with one employee and £7,087 in assets, operating from a real address. Two directors and two owners—Tamisari Rebecca Elizabeth and Tamisari Riccardo Indro—are at the helm. The company meets two of the three criteria to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The business operates in several areas: manufacturing textiles, retail of textiles, and selling goods through stalls and markets, and online. Its website, Featherstitch House, focuses on crafting and sewing, offering felt kits, embroidery supplies, and downloadable templates. The site emphasizes the therapeutic benefits of making, positioning itself as a source of calm and creativity. It's clear the company is running an e-commerce site, selling directly to consumers.

Financially, Featherstitch House Ltd’s picture is a little mixed. Accumulated amortisation has increased, and depreciation on plant and machinery has also risen, which is not unusual for a business with physical assets. Cash in the bank has increased slightly, but creditors remain stable. However, equity has decreased significantly, and net assets are in the negative, suggesting the company is burning through cash. Trade debtors have increased, which could be a sign of slower customer payments. The lack of employees (just one reported) keeps overheads low, but the negative equity is concerning. No auditor is mentioned, which is typical for small, exempt companies.

Overall, Featherstitch House Ltd appears to be a small, family-run business facing challenges. While its e-commerce site and focus on crafting suggest a dedicated customer base, the declining equity and negative net assets indicate a need for careful financial management.

Registered in England/Wales under the registration number 12800989, with a registered address at LN2 3QN, England, Lincoln, 1 Kennington Close, Dunholme.

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