Kl Sewing Machines Limited

Kl Sewing Machines Limited, based in Leicester, UK, is a small, active company founded thirteen years ago in 2012. With a real address, two directors, and a solo founder, the company employs just one person and holds £102,917 in assets. It boasts a solid 4.0 Google rating from eleven reviews, reflecting positive customer experiences. The company regularly imports machinery, boilers, and mechanical appliances, with recent activity recorded as of March 2024.

The company's website reveals a long-standing presence in the industrial sewing machine industry, with nearly fifty years of experience. It specializes in repairing and servicing sewing machines, offering a wide range of brands including Brother, Mitsubishi, and Pfaff. It also manufactures bespoke machines and acts as the sole UK agent for Forsstrom high-frequency welding machines. The company prides itself on its knowledgeable staff and ability to provide tailored solutions, even offering consultative advice. The website also mentions services like computer stitch programming, welding, and airbag developments.

Financially, Kl Sewing Machines Limited shows a mixed picture. Current assets have fallen by nearly half, dropping to £100,000, while net assets have also decreased significantly, falling to £54,000. Bank borrowings have decreased, which is a positive sign, but cash reserves have plummeted by a staggering 83%, leaving just £9,200. Creditors have also decreased, suggesting improved debt management. The company meets the criteria to be considered small, with a turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. With no auditor mentioned, the financial statements are unaudited.

In short, Kl Sewing Machines Limited appears to be facing some financial headwinds, despite its established reputation and positive customer reviews. The decrease in cash reserves is a particular concern, but the company's small size and expertise in a specialized market may help it weather the storm.

Registered in England/Wales under the registration number 07958985, with a registered address at LE1 1PL, England, Leicester, Leicestershire, Unit 6 Matrix House, Constitution Hill.

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