Sewprocrafts Ltd.

Sewprocrafts Ltd, based in Ipswich, UK, is a small, family-run business with an active status. Founded eight years ago, it employs fourteen people and holds £349,926 in assets. The company operates from a real address and is managed by two directors and two owners. It runs an e-commerce site specializing in knitting, sewing, and craft essentials.

The website, SewProCrafts, is a comprehensive online store catering to crafters of all levels. It offers a vast selection of haberdashery, sewing needlework supplies, knitting and crochet accessories, patchwork quilting materials, and storage solutions. The site's "Home for Creatives" tagline and emphasis on exceptional customer service highlight its commitment to serving the crafting community. It’s clear they’re doing a lot of ecommerce, with categories like “yarn,” “haberdashery,” and “knitting patterns” prominently displayed.

Financially, Sewprocrafts Ltd shows some concerning trends. While the company meets the criteria for being a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its current assets have decreased by 28% to £350,000. Bank borrowings have also decreased significantly, falling 51% to £47,000, which is a positive sign. However, net assets have increased by 9.5% to £170,000, and trade debtors have decreased by 43%. The company’s cash reserves have also dropped 83% to £16,000. It's worth noting that the company’s fixed assets have also decreased by 15%, which could be due to depreciation or asset sales. No auditor is mentioned, which is typical for small companies.

Overall, Sewprocrafts Ltd appears to be navigating a period of change. While the e-commerce platform is thriving and offering a wide range of products, the financial data suggests some challenges. It will be interesting to see how the company adapts to these pressures and continues to serve the crafting community.

Registered in England/Wales under the registration number 10660756, with a registered address at IP8 4NN, England, Ipswich, Suffolk, Sewprocrafts Ltd Unit 1 Sycamore Farm, Sewprocrafts Ltd Unit 1 Sycamore Farm, Somersham Rd, Bramford.

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