Green Stitch Ltd

Green Stitch Ltd from Bury UK is a small, active company founded three years ago in September 2021. It holds just £155 in assets and operates with a single director and owner, who is also the solo founder. The company’s status is active, and it’s registered at a real address, with only one other company registered there.

Green Stitch Ltd specializes in retail sales via mail order houses or via the internet. It’s a small company, meeting two of three criteria: turnover under £10.2 million, balance sheet under £5.1 million, and fewer than 50 employees. Khan Imran owns and directs the company, and the list of owners was changed three years ago. The company's website isn’t available, so it’s difficult to determine the extent of its e-commerce operations.

Financially, Green Stitch Ltd presents a mixed picture. Cash on hand increased significantly by 240% to £160, which is good, but net assets and liabilities both declined by 21% to -£630. Accrued liabilities and amounts owed to directors both increased by 50% and 33% respectively, suggesting a reliance on credit. Trade debtors, however, remain unchanged. The company’s small size helps it remain agile, but the negative equity is a concern. The accounts are unaudited, as is typical for small companies, and no auditor is mentioned. The company's revenue recognition policy states that turnover is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.

Registered in England/Wales under the registration number 13616319, with a registered address at BL9 7DY, England, Bury, 136 Heywood Street.

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