Felt So Good Ltd

Felt So Good Ltd from Cheltenham, UK, is a small, active company founded twelve years ago in 2012. With three employees and £2,101,838 in assets, it’s a solo-founded operation managed by one director and owner. The business regularly imports textile padding, felt, and nonwoven fabrics, as well as special yarns and ropes, with four months of import activity recorded. It also exports toys, games, and sports equipment, boasting forty-five months of export activity.

The company's website, Felt So Good, operates as an e-commerce platform specializing in unique, handmade, ethical products. The site is beautifully designed and emphasizes sustainability, with a focus on fair trade practices and biodegradable materials. It caters to both retail and trade customers, offering a wide range of felted creations, including Christmas decorations, keyrings, and homewares. The website even has a section dedicated to showcasing its stockists and exhibiting at trade shows.

Financially, Felt So Good Ltd presents a mixed picture. Current assets increased by 16%, reaching £2,100,000, while net assets also rose by 17%, hitting £1,700,000. However, cash reserves decreased by 32%, falling to £14,000. Trade debtors increased by 15%, reaching £2,000,000, while trade creditors also rose by 29%, reaching £40,000. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the decrease in cash reserves could indicate a need to manage working capital more effectively. No auditor is mentioned, likely due to its status as a small company, meaning the financial information is unaudited.

Despite the slight dip in cash, Felt So Good Ltd appears to be a thriving business, capitalizing on the growing demand for ethical and handmade products. The company’s focus on sustainability and fair trade practices, combined with its well-designed website and strong trade presence, positions it for continued success, although managing its cash flow will be important going forward.

Registered in England/Wales under the registration number 08119874, with a registered address at GL51 9PL, United Kingdom, Cheltenham, Unit 23 Malmesbury Road, Kingsditch Trading Estate.

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