House Of Tweed Online Ltd

House Of Tweed Online Ltd from Burgess Hill UK: a small, active company founded five years ago in January 2020, employs 26 people, and holds £475,780 in assets. It has two directors, but no owners are reported, which is a little unusual. The company operates from a real address, sharing space with only three other businesses, and regularly imports clothing and accessories – not knitted or crocheted – with 73 months of import activity recorded, the last in July 2024.

The company’s website showcases a range of Harris Tweed products, from tote bags and snoods to cushions and blankets. It’s clearly an e-commerce business, selling directly to consumers through its online store. The site is well-designed and easy to navigate, with clear product descriptions and attractive photography. It seems to be powered by Etsy, which is a common platform for small businesses.

Financially, House Of Tweed Online Ltd shows a mixed picture. Current assets have increased by a substantial 31%, reaching £480,000, which is a positive sign. However, bank borrowings have increased by 470%, reaching £120,000, which could indicate increased investment or operational expenses. Creditors have also increased significantly, by 11.0%, reaching £180,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to be flexible, but the increase in debt warrants closer attention. There's no auditor mentioned, likely due to the company's small size and exemption from an audit.

Overall, House of Tweed Online Ltd appears to be a growing business, but it's important to monitor its debt levels and ensure it can sustain its growth. The company's focus on Harris Tweed and its online presence give it a unique selling point, but it will need to manage its finances carefully to remain successful.

Registered in England/Wales under the registration number 12429659, with a registered address at RH15 0AH, England, Burgess Hill, Hill House, Keymer Road.

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