Mini Knots Ltd

Mini Knots Ltd, based in London, UK, is a small, active company founded six years ago in 2018. It’s a solo founder operation with one employee and boasts £9,966 in assets. The company operates an e-commerce site selling handwoven kilims from Anatolia, focusing on children’s interests and tastes with colourful and familiar motifs. It’s a real address, and there’s one director and owner – Semerci Gokce Ulgen.

The website, MiniKnots, showcases a range of rugs, cushions, and other textile products, emphasizing sustainability, authenticity, and heritage craft. It’s a vibrant online store with a wide variety of payment options and country regions. The company’s website even lists all the countries it ships to.

Financially, Mini Knots Ltd presents a mixed picture. Current assets have increased by a respectable 17% to £10,000, while cash reserves have decreased by 10% to £8,100. Trade debtors have increased significantly by 120%, which could indicate a growing customer base but also potential payment delays. Equity has increased by 140% to £2,900, which is a positive sign of retained earnings. However, creditors have decreased by 2.3% to £7,100, and taxation and social security payable have increased by 120% to £3,500. The company meets two of the three criteria to be classified as small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Mini Knots Ltd seems to be growing, but the increase in trade debtors and social security payable suggest it might be facing some cash flow challenges. The solo founder model, while allowing for agility, could also be putting a strain on resources.

Registered in England/Wales under the registration number 11566840, with a registered address at E5 0PF, England, London, Flat 4 Lord Cecil House, Median Road.

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