Go Jute Ltd

Go Jute Ltd, based in St. Austell, UK, is a small, active company established eighteen years ago. With seventeen employees and £946,503 in assets, it’s a well-established player in its sector. The company, run by a solo founder and overseen by two directors, operates from a real address and has been importing and exporting leather goods, travel bags, and animal harnesses for a considerable time – 26 months importing and 11 months exporting.

The company’s primary focus is the manufacture and supply of jute, cotton, and juco promotional bags, as evidenced by its website. Go Jute Ltd positions itself as Europe's largest manufacturer in this niche, serving a wide range of clients from global retailers like Asda and Walmart to the Glastonbury Festival. The website highlights customisation options and emphasizes brand visibility through its bags. It's clear that the company is very focused on its online presence and marketing.

Financially, Go Jute Ltd’s numbers show some interesting trends. Current assets have decreased by 9.2% to £950,000, while net assets have taken a more significant hit, dropping 25% to £400,000. Bank borrowings have increased substantially by 63%, reaching £210,000, and cash reserves have fallen by 80%, leaving only £1,100. Creditors have also decreased, which could indicate better debt management. The company’s small size – meeting two of the three criteria for being considered small – allows for flexibility, but the drop in equity is concerning. The company is exempt from an audit, so the figures are unaudited.

The decrease in cash reserves and the rise in bank borrowings suggests that Go Jute Ltd may be burning through money, perhaps due to increased operating expenses or investment in marketing. The company’s reliance on imports, coupled with fluctuating raw material costs, could also be a factor. The company’s long history and established customer base, however, provide a foundation for future growth.

Registered in England/Wales under the registration number 06028997, with a registered address at PL25 4FD, England, St. Austell, Cornwall, Unit 2 St Austell Business Park, Carclaze.

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