Knitt Ltd

Knitt Ltd from London UK: a small, active company founded five years ago, employs a single person, and holds £107,537 in assets. Operating from a virtual address, it’s managed by two directors and owned by Dunn Simona, the solo founder. The company runs an e-commerce site and enjoys a stellar 5.0 Google rating from 17 reviews. It's a regular importer of wool and animal hair products, with 36 months of import activity recorded, the latest in December 01, 2024.

The company’s website, KNiTT, is a vibrant online store specializing in yarns and knitting accessories. It’s currently taking a short break, but the online store remains open with free UK shipping until April 23rd. The site showcases a wide range of brands like CaMaRose, Drops, and Isager, catering to knitters of all levels. It also sells notions like buttons and knitting tools, and offers a selection of patterns and books. The site’s design is clean and modern, emphasizing high-quality images and easy navigation.

Financially, Knitt Ltd’s recent report reveals a mixed picture. Current assets have decreased by 30%, dropping to £110,000, while net assets have also fallen by 19%, reaching £52,000. Bank borrowings have seen a significant increase, rising by 1.8% to £3,800, and cash reserves have grown by 11% to £26,000. Creditors have decreased by 14%, suggesting improved debt management, but other creditors have increased by a staggering 2500%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the decrease in equity is something to keep an eye on. No auditor is mentioned, likely due to the company’s exemption as a small entity.

Overall, Knitt Ltd appears to be a well-regarded e-commerce business with a strong online presence. While the financials indicate some pressures, the company’s focus on quality products and customer service suggests it’s well-positioned for continued success.

Registered in England/Wales under the registration number 12105610, with a registered address at W1W 6XH, United Kingdom, London, 101 New Cavendish Street, 1st Floor South.

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