Sewing Supplies Direct Limited

Sewing Supplies Direct Ltd from Grays UK is a small, active company founded thirteen years ago in 2011. It employs just two people and holds £91,068 in assets. The company is led by a single director and owner, who is also the solo founder. It’s a regular importer, primarily of machinery, boilers, and mechanical appliances parts, with eighteen months of import activity recorded, the last in November 2022.

The company operates in the wholesale of machinery for the textile industry and of sewing and knitting machines industries. Its registered address is real, with only two companies registered at the same address, suggesting a genuine business location. The company’s status is active, and it meets the criteria to be considered a small company – turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Financially, Sewing Supplies Direct Ltd shows a mixed picture. Current assets increased by 41% to £91,068, while net assets increased by 1200% to £24,000. Bank borrowings decreased by 6.2% to £21,000, and cash reserves increased by 360% to £4,200. Trade debtors increased by 43% to £78,000, suggesting increased sales. Creditors decreased by 5.9% to £47,000. The company’s small size and lack of employees (just two) allow for agility, but the fluctuations in debt and equity warrant close monitoring. With no auditor mentioned, the financial statements are unaudited.

The company’s financial data indicates a period of growth and change, with a significant increase in assets and cash reserves. However, the increase in trade debtors suggests potential challenges in collecting payments. The lack of an auditor's report means these figures are self-reported, so they should be viewed with a degree of caution.

Registered in England/Wales under the registration number 07668733, with a registered address at RM16 6EN, Grays, Essex, 31 Hodges Close, Chafford Hundred.

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