Knit And Living Ltd

Knit And Living Ltd from London UK: a small, active company founded four years ago, employs just one person, and holds £33,374 in assets. Operating from a virtual address, it’s a solo founder venture led by a single director and owner. The company runs an e-commerce site specializing in yarn, notions, and bags, drawing inspiration from Scandinavian knitting traditions.

The website showcases a curated selection of yarns from brands like Sandnes Garn and Lang Yarns, alongside accessories and project bags from Muud. It offers a wide range of products, from yarn by weight and brand to bags and knitting needle cases. The site also has a section for patterns and books, including those from PetiteKnit. The business seems to be doing well, with a good selection of items and a clean, easy-to-navigate website.

Financially, Knit And Living Ltd shows some interesting trends. Cash bank on hand increased significantly by 160%, reaching £13,000, which is a positive sign. However, accrued liabilities deferred income decreased by 45%, dropping to £240, which might indicate a change in payment terms. Equity grew by 85%, reaching £26,000, suggesting retained earnings are building up. However, fixed assets decreased by 78%, falling to just £66, which could be due to depreciation or asset disposal. Trade debtors have increased, which is a little concerning. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is common for small companies.

Overall, Knit And Living Ltd seems to be doing okay, but the increase in trade debtors suggests they might need to keep a closer eye on cash flow. It’s a small, nimble operation, and the growth in equity is a good sign for the future.

Registered in England/Wales under the registration number 12941137, with a registered address at SW19 2RR, United Kingdom, London, Office 9, Dalton House, 60 Windsor Avenue.

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