I Can Make Shoes Ltd

I Can Make Shoes Ltd, based in London, UK, is a small, active company founded twelve years ago in 2012. With three employees and £75,726 in assets, it’s a solo-founded operation run by Amanda Overs, who also serves as the director and owner. The company operates an e-commerce site offering shoemaking tutorials and supplies, boasting a perfect 5.0 Google rating from 89 reviews. It's a regular importer of footwear and related items, with 7 months of import activity recorded, the latest in November 2023.

The company’s website, I Can Make Shoes, positions itself as a resource for aspiring shoemakers. From online courses and in-person workshops to shoemaking kits and patterns, it caters to a passionate community of craft enthusiasts. The site emphasizes beginner-friendly instruction, high-quality materials, and a supportive learning environment—hallmarks of a thriving online education platform. The site also offers a wide variety of shoemaking supplies, including lasts, components, and accessories.

Financially, I Can Make Shoes Ltd shows some concerning trends. Net assets plummeted 55% to £48,000, while current assets decreased by 42% to £76,000. Cash bank on hand dropped 63% to £22,000. Trade debtors increased by 79% to £15,000, suggesting delayed customer payments, and creditors rose 11% to £28,000. Bank borrowings, however, decreased by 100% to £1. Recoverable value tax increased by 14000% to £1,200. 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 agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, I Can Make Shoes Ltd is facing financial pressure. The company's focus on education and supplies seems to be popular, but the recent financial results suggest a need for careful management.

Registered in England/Wales under the registration number 08179701, with a registered address at E2 6GH, England, London, 115 115 Coventry Road, Unit 403.

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