Knithub 24 (uk) Limited

Knithub 24 (UK) Limited is a small, active company based in London, UK, founded five years ago in June 2019. It's a private limited company with a real registered address and employs just one person. The company’s yearly revenue is £9,458, and it has two owners and one director. Accounts are overdue by two years, and confirmation is overdue by one year. It’s an irregular importer, primarily dealing in cotton products, with its last import operation occurring in September 2022.

The company's website, knithub24.com, focuses on online knitting classes and offers a range of knitting, crochet, and machine knitting courses, as well as gift vouchers. It also has a corporate program for businesses. The site is well-designed and features a blog and press section, suggesting an effort to build a brand presence. It uses WordPress, a common platform for small businesses.

Financially, Knithub 24 (UK) Limited presents a mixed picture. Cash bank on hand has decreased significantly by 51%, falling to £15,000. Administrative expenses have reduced by 16%, dropping to £25,000, which could reflect cost-cutting measures. However, net assets have plummeted by 68%, reaching -£43,000. Distribution costs have increased dramatically by 780%, reaching £1,700, potentially linked to marketing efforts. The company's turnover increased by 19%, reaching £9,500, but it’s not clear if this increase is sustainable. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity is concerning. There is no auditor mentioned, likely due to the small company exemption.

Registered in England/Wales under the registration number 12042334, with a registered address at EC1V 7PA, England, London, One, Paget Street.

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