Fiber Knits Ltd

Fiber Knits Ltd, based in Nelson, UK, is a small, active company founded four years ago. With £42,815 in assets and a real address, it's a lean operation managed by one director and owner, Rauf Muhammad. The company regularly imports clothing and accessories made by knitting or crocheting, with 16 months of import activity recorded, the latest in July 2024.

Fiber Knits Ltd operates within the wholesale of clothing and footwear industries, and its website, Farm Fiber Knits, showcases a passion for natural fibers and British craftsmanship. The site features articles, patterns, and courses related to knitting and weaving, suggesting a focus on education and community building alongside retail. It’s not a typical e-commerce site; instead, it functions as a content-rich platform promoting a lifestyle centered around handmade textiles. The site also features a podcast and newsletter, indicating a desire to engage with a dedicated audience.

Financially, Fiber Knits Ltd shows some concerning trends. Cash bank on hand increased by 110% to £2,000, which is a positive sign, but comprehensive income expenses deepened to -£1,600. Creditors decreased by 5.6% to £42,000, and debtors dropped by 15% to £36,000. Equity, however, surged by 190% to £430, which is a significant change. 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 flexible, but the losses and increase in other creditors suggest a need for careful financial management. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Fiber Knits Ltd appears to be a passion project with a strong brand identity, but its financial health requires close monitoring. The focus on content and community building is commendable, but the company needs to ensure its business model generates sustainable income.

Registered in England/Wales under the registration number 13318468, with a registered address at BB9 7EB, England, Nelson, Unit-5 Holt Court, Pendle Street.

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