Ginger Twist Studio Ltd

Ginger Twist Studio Ltd, based in Edinburgh, UK, is a small, active company founded three years ago. With two employees and £239,209 in assets, it’s a solo-founded operation with two directors. The company boasts a stellar 5.0 Google rating from 221 reviews. It’s an irregular importer, mainly dealing in cotton products, with the last import occurring one month ago.

The company operates a yarn and fabric shop, open Wednesdays through Sundays, with a strong online presence. The website showcases a variety of inspiring yarns and fabrics, including Ginger's Hand Dyed creations, catering to a range of budgets. It also offers workshops and has a focus on British craftsmanship. The website is a great source of information.

Financially, Ginger Twist Studio Ltd shows some concerning trends. While current assets increased by 190% to £240,000, net assets also increased by 190% to £190,000. However, cash bank on hand decreased by 63% to £31,000. Creditors increased by 200% to £63,000. 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 stay nimble, but the decrease in cash reserves warrants attention. There was a significant increase in accumulated depreciation, with the computer equipment increasing by 170%. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Ginger Twist Studio Ltd appears to be a popular and well-regarded business, but the financial data suggests it may be burning through cash.

Registered in Scotland under the registration number SC707045, with a registered address at EH7 5DP, Scotland, Edinburgh, 60 Montrose Terrace.

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