Ink Stitch Press Ltd

Ink Stitch Press Ltd, based in Southend-On-Sea, UK, is a small, active company founded four years ago. With £11,807 in assets and a virtual address shared by numerous other businesses, it’s a compact operation managed by two directors and owners. The company operates in the retail sale via mail order houses or via internet, specializing in custom printing and embroidery services, as evidenced by its website.

The website, while currently undergoing updates, highlights the company’s focus on providing bespoke apparel for schools, colleges, and karting teams. It features mini shops for Barking Dagenham College and Brentwood Karting, alongside a school leavers collection and workwear options. The site emphasizes high-quality printing and embroidery, personalized apparel, and a commitment to customer service. They also work with clients like Brentwood Karting, and are currently updating their website to improve the experience.

Financially, Ink Stitch Press Ltd shows some concerning trends. While cash bank on hand increased by a substantial 100% to £10,000, equity plummeted by a staggering 350% to -£1900. Creditors have also risen by 30% to £31,000, and net current assets and liabilities are down. Trade debtors have increased by 190%, which could be a sign of delayed payments. The company meets two of the three conditions to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it's exempt from an audit, so the numbers are unaudited.

Overall, Ink Stitch Press Ltd appears to be facing financial challenges, despite its focus on a niche market and commitment to quality. The decrease in equity and increase in creditors suggest the company is burning through cash, but the increase in cash bank on hand indicates some recent inflows. It’s unclear whether these trends are temporary or indicative of longer-term issues, but the company will need to carefully manage its finances to ensure its survival.

Registered in England/Wales under the registration number 13154821, with a registered address at SS1 1BD, England, Southend-On-Sea, Essex, Clarence Street Chambers, 32 Clarence Street.

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