Gorgon Crafts Ltd

Gorgon Crafts Ltd from Newport UK: a small, active company founded six years ago, employs one person, and generates £695 in yearly revenue, operates from a real address, and is led by a single director and owner—a solo founder—with an e-commerce site. It's a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company operates in the manufacture of ceramic household and ornamental articles, as well as retail sales via mail order and the internet.

The company’s website, The Home Crafters, is a bustling online marketplace for crafting supplies. It offers a wide range of products, from Easter-themed craft kits and beads to yarn, tools, and even board games. The site is well-organized, with clear categories and a user-friendly interface, and actively promotes seasonal crafts, workshops, and handmade goods. It also offers free stuff and a loyalty program called Crafty Perks. The site even has a blog with craft inspo and maker bios.

Financially, Gorgon Crafts Ltd presents a mixed picture. Administrative expenses decreased significantly, dropping 53% to just £1,900, which is a positive sign. However, turnover remains incredibly low at just £700, and the company reported a net loss of -£6,200. Cash reserves have dwindled to a mere £4,100, and bank borrowings have increased substantially. While creditors have decreased slightly, suggesting better debt management, the overall financial situation indicates a company struggling to generate profit. The lack of employees (just one reported) suggests a lean operation, but the low turnover and significant losses raise concerns about long-term sustainability. With no auditor mentioned, the figures rely on unaudited director-reported data.

In short, Gorgon Crafts Ltd appears to be a small, passionate business facing financial challenges. Its vibrant e-commerce platform and diverse product range show potential, but generating sufficient revenue to cover costs remains a key hurdle.

Registered in England/Wales under the registration number 11505020, with a registered address at NP19 7QL, United Kingdom, Newport, 203 Christchurch Road.

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