Ministry Of Wool Ltd

Ministry of Wool Ltd, based in Edinburgh, UK, is a small, active company founded 14 years ago in 2011. With just one employee and a virtual address shared by 46 other companies, it’s a solo founder operation managed by two directors. The company's status is active, and it operates in the other business support service activities n.e.c. industries.

The company is a regular importer and exporter of clothing and accessories made by knitting or crocheting, with 11 months of import activity and 33 months of export activity recorded, the latest in February 2025. Its website, ministryofmendingspeedarnermendingloomknitwearplaidrepair, showcases a passion for mending, offering a range of tools, yarns, and kits—including the popular Speedarner repair loom—catering to both beginners and experienced menders. The site emphasizes plastic-free, vintage, and locally-produced items, positioning itself as a unique destination for sustainable and creative repair solutions.

Financially, Ministry of Wool Ltd shows a mixed picture. While cash bank on hand increased by 49% to £6,200, net assets declined by 15% to -£35,000. Bank borrowings jumped 330% to £27,000, and trade debtors rose 22% to £110,000. Creditors increased by 14% to £57,000, and total inventories grew 13% to £260,000. 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 nimble, but the equity decline suggests it’s burning through money. With no auditor mentioned, the figures rely on unaudited statements.

The company's financial situation seems to be a bit tight, and it’s relying on its unique niche in the mending market to sustain itself. It’s a small operation with a big passion—but whether that’s enough to overcome the financial pressures remains to be seen.

Registered in Scotland under the registration number SC393613, with a registered address at EH3 7PE, Scotland, Edinburgh, C/O Johnston Carmichael, 7-11 Melville Street.

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