Knitster Limited

Knitster Limited, based in London, UK, is a small, active company established eleven years ago in 3rd June 2013. With two employees and £82,445 in assets, it operates from a real address and is overseen by two directors and owners. The company functions as a regular exporter of clothing and accessories made by knitting or crocheting, with ten months of export activity recorded, the latest in August 2024. However, it’s an irregular importer of wool and animal hair products, with only two months of import activity as of September 2024.

The company’s website is unavailable, making it difficult to assess its online presence or e-commerce activities. It appears to be focused on the manufacture of knitted and crocheted fabrics, catering to a niche market. The business seems to be operating with a small team, likely emphasizing craftsmanship and personalized service.

Financially, Knitster Limited presents a mixed picture. Current assets have decreased by 39%, falling to £82,000, while net assets have plummeted 150%, resulting in a negative balance of -£26,000. Bank borrowings have been slashed by 72%, reducing to £18,000, and cash reserves have fallen 34%, settling at £14,000. Creditors have increased significantly, rising 68% to £44,000. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the substantial equity decline suggests potential financial strain. No auditor is mentioned, consistent with its status as a small, exempt company.

Despite the negative equity, the company's regular export activity and focus on a specific craft suggest a dedicated customer base. The decrease in bank borrowings could indicate efforts to manage debt, but the declining cash reserves warrant close monitoring. It's likely that Knitster Limited is navigating the challenges common to small, independent businesses, balancing craftsmanship with financial sustainability.

Registered in England/Wales under the registration number 08553527, with a registered address at E7 8AN, England, London, 44 Nigel Road.

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