Form & Thread Limited

Form & Thread Ltd, based in Chelmsford, UK, is a small, active company founded eleven years ago in 2013. With five employees and £267,204 in assets, it operates a real address and is managed by one director and two owners. The company’s Google rating stands at a respectable 4.0 based on 29 reviews, reflecting positive customer experiences. It’s a regular importer of clothing and accessories (excluding knitted or crocheted items), with 36 months of import activity recorded, the latest in November 2024. Export activity is less frequent, spanning just two months with the last operation in March 2022.

The company’s website, FormThread.Modern Essentials, showcases a curated collection of ethically sourced and sustainable clothing. It features modern essentials with a focus on timeless design. Customer reviews are prominently displayed, praising the quality of the garments and the company's commitment to ethical practices. The site also includes a "Visit Us" section, highlighting a physical store in Covent Garden, London. It’s clear the company is aiming for a premium brand image, emphasizing quality, sustainability, and a modern aesthetic.

Financially, Form & Thread Ltd presents a mixed picture. While current assets increased by 11% to £270,000, net assets decreased by 17% to £46,000. Cash reserves fell by 56% to £10,000, and bank borrowings surged by 2,400% to £29,000. Trade creditors also increased significantly, by 140%, to £64,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp decline in equity and the increase in debt raise concerns. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The company’s focus on ethical sourcing and sustainable practices seems to be resonating with customers, but the financial data suggests it’s burning through cash. Whether the company can sustain its growth trajectory while managing its debt remains to be seen—it’s a challenge for any small business.

Registered in England/Wales under the registration number 08778078, with a registered address at CM1 1GU, United Kingdom, Chelmsford, Essex, Swift House, Ground Floor, 18 Hoffmans Way.

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