Secret Garden Quilting Ltd

Secret Garden Quilting Ltd, located in Welwyn Garden City, UK, is a small, active company established 14 years ago. With a Google rating of 5.0 based on 12 reviews, it’s a popular choice for quilting enthusiasts. The company, run by a single employee and overseen by two directors, holds £72,453 in assets and operates from a real address. It's a family affair, with Gurney Lucy Mary owning the business.

The company specializes in the retail sale of textiles, clothing, and footwear via stalls and markets, as well as through mail order and internet sales. Its website, Secret Garden Quilting, showcases a range of quilting supplies and fabrics, suggesting a focus on serving the crafting community.

Financially, Secret Garden Quilting Ltd presents a mixed picture. While cash reserves increased by a respectable 18% to £72,000, other areas show signs of pressure. Accrued liabilities deferred income decreased slightly by 10% to £450, but amounts owed to directors rose by 13% to £41,000. Debtors vanished completely, dropping a staggering 100%, which could be a positive sign of efficient collection or a temporary blip. Crucially, net assets increased by 9% to £31,000, and net current assets also grew by 11% to £30,000, suggesting a strengthening financial position. The company's size—meeting two of three conditions to be considered small—allows for flexibility, but the increase in liabilities warrants attention. The absence of an auditor, typical for a small company, means these figures are unaudited.

Overall, Secret Garden Quilting Ltd appears to be navigating a period of change. While cash flow is healthy, the rise in director loans and fluctuating debtor levels indicate a need for careful financial management.

Registered in England/Wales under the registration number 07597265, with a registered address at AL8 6SY, England, Welwyn Garden City, Hertfordshire, 102 Handside Lane.

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