Patchwork Retail Limited

Patchwork Retail Ltd from London UK: a small, active company founded five years ago, employs four people, and holds £379,705 in assets. It's a solo founder operation with one director, operating from a real address. The company regularly imports clothing and accessories (excluding knitted or crocheted items), with 84 months of import activity recorded, the latest in February 2025. It exports these same items irregularly, with just one month of export activity in December 2023.

The company’s website, Patchwork, The Store, is dedicated to fundraising for a women's centre. It's not an e-commerce site; instead, it promotes events like a Christmas Grotto and encourages donations via Patreon and direct contributions. The site’s messaging emphasizes support for vulnerable individuals and families, highlighting a mission to empower those affected by abuse. It’s a central hub for fundraising efforts, with a strong emphasis on community engagement and charitable giving.

Financially, Patchwork Retail Ltd presents a mixed picture. While current assets increased by 15% to £380,000, net assets saw a significant boost, rising 81% to £250,000. Cash reserves improved substantially, increasing by 180% to £17,000. However, bank borrowings surged by 2,400%, reaching £29,000, and taxation social security payable jumped 670% to £40,000. Trade creditors decreased by 94%, a positive sign, but the increase in social security payable could indicate growing payroll costs. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in borrowings suggests a need for careful financial management. As a small company, it’s exempt from a full audit, so the figures rely on unaudited director reports.

The significant increase in equity, alongside the improved cash position, suggests that fundraising efforts are succeeding. However, the rising debt and social security obligations warrant close monitoring. It seems Patchwork Retail Ltd is successfully raising funds, but it’s important to ensure these funds are being used effectively to support the women’s centre and maintain financial stability.

Registered in England/Wales under the registration number 12247909, with a registered address at W1S 3QD, United Kingdom, London, 37 Savile Row.

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