Knituk Limited

Knituk Limited, based in Sutton Coldfield, UK, is a small, active family business founded twelve years ago. With just two employees and £48,053 in assets, it operates an e-commerce site specializing in yarn, wool, needles, and crafting supplies. The company regularly imports machinery, boilers, and mechanical appliances parts, with its last import operation occurring in August 2019. It’s a real address, with two directors and two owners (though the owner list changed recently).

The KnitUK website is a comprehensive online store catering to knitters and crafters. It offers a vast selection of yarns from various brands, knitting looms, needles, hooks, patterns, and accessories. The site also features kits for knitting, crochet, crossstitch, and paracord projects, along with a range of craft fabrics and sewing supplies. The website has a good selection of patterns and books, and even has a section for mugs.

Financially, Knituk Limited’s recent report reveals a mixed picture. Cash bank on hand dropped by 38% to £5,300, and net assets decreased significantly by 1300% to -£7,000. Finished goods decreased by 12% to £40,000. However, creditors remained relatively stable, suggesting good debt management. The company’s small size (meeting two of three conditions for a small company) helps it stay nimble. The accounts are unaudited, as is common for small companies. The sharp decline in equity, however, is something to keep an eye on.

Registered in England/Wales under the registration number 08255170, with a registered address at B76 1QP, Sutton Coldfield, 14 Brookhus Farm Road.

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