Pure Wool Hut Ltd

Pure Wool Hut Ltd from Corby UK: small company, active status, founded 6 years ago, 2 employees, £20,206 assets, virtual address, 1 director, 1 owner, solo founder, google rating 5.0 based on 16 reviews. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £20,206. The company operates in the retail sale via mail order houses or via internet industries. Officially, it has one owner or PSCs, one director, and two employees.

Pure Wool Hut Ltd’s website, while not extensively detailed, suggests a focus on online retail of wool products. It’s not immediately clear if they have a dedicated e-commerce platform or primarily operate through marketplaces like Etsy or eBay. The lack of a robust online presence could be a deliberate choice, focusing on cost-effectiveness or targeting a specific niche market. However, it does limit visibility and potential for growth.

Financially, Pure Wool Hut Ltd presents a mixed picture. Current assets have plummeted by a staggering 74%, dropping from £44,000 to just £20,000. This is a significant decline and could indicate issues with cash flow or increased expenses. Bank borrowings have also increased substantially, rising by 1,200% to £13,000. Equity has also taken a hit, decreasing by 88% to just £5,000. While creditors have decreased by 18%, this may be a short-term effect. The lack of employees (only two reported) suggests a lean operation, but the sharp decline in equity and cash reserves is concerning. With no auditor mentioned, the figures rely on unaudited statements.

In short, Pure Wool Hut Ltd appears to be struggling financially. The company’s small size and virtual address, while offering some flexibility, also limit its resources. Whether the business can weather this financial storm and continue to serve its customers remains to be seen.

Registered in England/Wales under the registration number 11352970, with a registered address at NN17 5EU, England, Corby, Corby Enterprise Centre, London Road.

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