Handweavers Limited

Handweavers Ltd from Verwood UK is a small, active company founded sixteen years ago. Employing seven people and holding assets of £249,759, it's a family business with three directors and two owners. The company regularly imports machinery, boilers, and mechanical appliances – parts, with 26 months of import activity recorded, the latest in December 2024. It also exports furniture, lighting, and prefabricated buildings, though less frequently, with just one month of export activity as of April 2022.

The company operates as a retail shop for textiles, with a focus on providing a treasure trove for textile creatives. Its website showcases a wide range of yarns, equipment, and books catering to weavers, spinners, felters, and dyers. It even offers workshops and classes, indicating a commitment to community engagement and skill-sharing. The website also has a blog, which is a nice touch.

Financially, Handweavers Ltd shows some interesting trends. Current assets increased by 12% to £250,000, while net assets also increased by 8.9% to £230,000. Cash reserves saw a significant jump of 14% to £230,000. Trade debtors decreased significantly, by 70%, which is a good sign for cashflow. However, other creditors rose by 87%, suggesting increased reliance on short-term financing. 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 increase in creditors warrants further monitoring. As a small company, it's exempt from an audit, so the financial statements are unaudited.

Overall, Handweavers Ltd appears to be financially stable, with growing assets and cash reserves. However, the increase in creditors should be watched closely to ensure it doesn't become a long-term issue.

Registered in England/Wales under the registration number 06803354, with a registered address at BH31 7AW, England, Verwood, Dorset, 116 Ringwood Road Ringwood Road.

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