Knit Craft International Ltd

Knit Craft International Ltd, based in Rickmansworth, UK, is a small, active company established nine years ago. With two employees and £1,090,075 in assets, it operates from a virtual address, managed by one director and owner. The company regularly imports clothing and accessories—not knitted or crocheted—with 8 months of import activity recorded as of April 2024. Its primary business involves intermediary services related to the distribution of clothing stock to retailers.

The company’s website reveals a larger operation: Knitscraft Textile LLP, an apparel manufacturer based in Gurugram, India. Established in 1985, Knitscraft boasts product development and service offices in India, London, and Florence. It’s a vertically integrated business, handling everything from knitting and garmenting to design and quality analysis. The website highlights a commitment to sustainable practices and a focus on women’s, men’s, and children’s wear, catering to a global market and exporting to over six countries. It’s a family-run business with a long history of providing quality readymade garments to top brands.

Financially, Knit Craft International Ltd shows a mixed picture. Cash reserves increased by 31% to £280,000, a positive sign, but current assets declined by 11% to £1,100,000. Debtor levels decreased significantly, dropping 36% to £650,000, which could indicate better collection practices. However, creditors also decreased by 37%, which is good, but equity remained flat at £260,000. The company meets the criteria for a small company—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and operates under the small companies regime, so no audit was performed. The company’s small size and the lack of an auditor mean the figures rely on unaudited director-reported data.

Overall, Knit Craft International Ltd seems to be navigating a challenging environment. While its cash position is improving, the decline in assets suggests a need to monitor expenses and manage working capital effectively. The Indian parent company, Knitscraft Textile LLP, appears to be a thriving operation, but the financial health of the UK subsidiary warrants careful attention.

Registered in England/Wales under the registration number 09685197, with a registered address at WD3 1ER, England, Rickmansworth, The Hour House, 32 High Street.

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