Paul James Knitwear Limited

Paul James Knitwear Limited, based in Leicester, UK, is a small, active company established nine years ago in 2015. With fifteen employees and £1,581,701 in assets, it’s a family-run operation led by a single director and owner, Master Bhavik. The company’s real address is registered at Lifeguard Building, 129 Grace Road. Paul James Knitwear regularly imports and exports clothing and accessories made by knitting or crocheting, with 264 months of import activity and 31 months of export activity recorded.

The company’s website showcases a wide range of luxurious knitwear, from blazers and cardigans to sweaters and accessories, available for both men and women. It emphasizes British craftsmanship, natural yarns (like cashmere and merino wool), and a commitment to quality. The site also features a loyalty program and a dedicated section for new arrivals, suggesting a focus on customer retention and seasonal collections. It’s a very professional looking site.

Financially, Paul James Knitwear’s recent report reveals some interesting trends. While cash reserves increased by a healthy 86%, rising to £250,000, net assets took a dip, falling 15% to £22,000. Bank borrowings increased significantly, surging 53% to £260,000, which could indicate investment in inventory or expansion. Trade debtors also increased, suggesting customers are taking longer to pay. Creditors decreased slightly, which is a positive sign. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the figures are unaudited.

The increase in bank borrowings, coupled with the decrease in net assets, suggests the company might be reinvesting in its business—perhaps expanding its product lines or marketing efforts. However, it’s important to monitor these trends closely to ensure the company maintains a healthy financial position. It’s a good thing that they have increased their cash reserves, though.

Registered in England/Wales under the registration number 09683530, with a registered address at LE2 8AJ, United Kingdom, Leicester, Lifeguard Building, 129 Grace Road.

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