Golden Stitching Ltd

Golden Stitching Ltd from London UK: a small, active company founded six years ago, employs a single person, and boasts a perfect 5.0 Google rating from 96 reviews. Based at a real address, it’s led by a solo founder who also serves as director and owner. The company operates in the manufacture of household textiles, women’s outerwear, and accessories, as well as retail via mail order and the internet.

The company’s website, accessible via Google Drive, doesn't offer much insight beyond a sign-in page. It suggests a basic online presence, likely used for internal document storage rather than direct sales. There's no e-commerce functionality visible, indicating a more behind-the-scenes operation focused on production and potentially wholesale distribution.

Financially, Golden Stitching Ltd is showing signs of struggle. Cash reserves have fallen by 14% to £12,000, and equity has plummeted 86% to a mere £710. Creditors have increased by 26% to £12,000, and net assets have shrunk dramatically by 85% to £810. While taxation and social security payable have improved, the overall picture suggests the company is burning through cash. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, and the unaudited accounts rely on director-reported data. The company’s accounts are “filleted,” meaning they are simplified and don’t include detailed information.

The sharp decline in equity and the reliance on increased creditors are concerning. It's possible the company is facing rising material costs or increased competition, or perhaps it's reinvesting heavily in production to meet demand. The lack of employees suggests a lean operation, but it also limits the company’s ability to scale. The company’s focus on niche textile products could be a strength, but it also makes it vulnerable to changing fashion trends.

Registered in England/Wales under the registration number 11458816, with a registered address at N19 4DJ, England, London, 589 Holloway Road.

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