Loop Knitting Limited

Loop Knitting Limited, based in Potters Bar, UK, is a small, active company founded eleven years ago in 2014. With twelve employees and £680,726 in assets, it operates from a virtual address – a point of note as 117 companies are registered at the same location. The business is owned and directed by Susan Cropper, and boasts a stellar 5.0 Google rating from 589 reviews. Loop Knitting is a regular importer of wool and animal hair products, with 175 months of import activity recorded, the last in February 2025.

The company’s website showcases a vibrant online store, specializing in yarn, haberdashery, and patterns. It’s clear that Loop Knitting is an ecommerce business, offering a wide range of brands, from A J Biches to Zakam. The site is well-organized, with clear categories for yarn type (alpaca, cashmere, cotton), weight (mini skeins, lace, aran), and tools (knitting needles, crochet hooks). It also features a blog, pattern books, and even a selection of gifts, suggesting a focus on creating a comprehensive and engaging experience for knitters and crocheters.

Financially, Loop Knitting Limited shows a mixed picture. Current assets have increased by a significant 29%, reaching £680,000, which is a positive sign. However, net losses deepened from -£10,000 to -£23,000, and cash reserves plummeted 71% to just £4,100. Trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms, and creditors rose 35% to £34,000. 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 stay agile, but the sharp equity drop raises questions. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

Despite the financial pressures, Loop Knitting’s strong online presence and positive customer reviews suggest a loyal customer base. The company’s focus on high-quality yarn and a curated selection of tools positions it well within the niche knitting market. Whether the company can sustain its growth and navigate the financial challenges remains to be seen, but its dedication to the craft is evident.

Registered in England/Wales under the registration number 08844579, with a registered address at EN6 1BW, England, Potters Bar, Suite 2c, Brosnan House, 175, Darkes Lane.

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