Sewing Gem Ltd

Sewing Gem Ltd from Holywell UK: small company, active status, founded 4 years ago, 3 employees, £13,377 assets, real address, 3 directors, 1 owner, e-commerce site. 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 £13,377.

Sewing Gem Ltd operates as an online retailer specializing in sewing patterns, tools, and haberdashery. Its website, Sewing Gem UK, showcases a wide range of products, from independent patterns and fabrics to essential tools and accessories. The site also highlights a blog featuring tips, tricks, and podcast episodes, and even offers rewards for loyal customers. The business also appears to be involved in a collaborative podcast, “Sewing Club,” with another sewing-related business.

Financially, Sewing Gem Ltd has experienced a challenging year. Net assets have fallen significantly, dropping 74% to £5,600, and current assets have also decreased by 47% to £13,000. Cash reserves are down 69% to £870, while creditors have increased by 99% to £7,600. The company’s director has also taken out a loan of £5,500. Despite these challenges, the business has managed to reduce its trade creditors by 100%. The company is exempt from an audit as a small company.

The sharp decline in equity and cash reserves suggests the business may be burning through money. It’s possible that increased costs or slower sales are contributing to these pressures. However, the company’s focus on niche products and its active online presence could help it weather these difficulties.

Registered in England/Wales under the registration number 13197449, with a registered address at CH8 8ES, United Kingdom, Holywell, Grove House, Halkyn.

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