Leanwise Limited

Leanwise Limited, based in Weybridge, UK, is a small, family-run business with an active status, established thirteen years ago. It employs just one person and holds £91,438 in assets. With two directors and two owners, the company operates from a real address and is regularly importing various textile products, sets, used clothing, and rags—the latest import activity recorded fifteen months ago in April 2023.

The company’s website, Cotton and Olive, showcases a range of Turkish hammam towels, robes, throws, and homewares. It’s clear that the business focuses on online retail, offering a curated selection of high-quality, lightweight textiles sourced directly from Turkey. The website highlights the authenticity and fair-trade practices, emphasizing natural fibres and a commitment to sustainable living. It also sells natural olive oil soaps, complementing the textile offerings. The website also features a blog with articles on caring for hammam towels and explaining their history.

Financially, Leanwise Limited presents a mixed picture. Current assets have increased by 14% to £91,000, while net assets have decreased by 72% to -£12,000. Bank borrowings have increased by 2,400%, reaching £29,000, and cash reserves fell 7.2% to £3,100. Creditors have risen by 19%, suggesting a need for more working capital. 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 equity decline raises concerns. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

While the website suggests a thriving online presence and a focus on quality, the financial data reveals a need for careful management. Whether the company can sustain its growth and navigate these financial pressures remains to be seen.

Registered in England/Wales under the registration number 07763193, with a registered address at KT13 8SW, Weybridge, Surrey, Pinehurst, Elgin Road.

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