Sheepland Limited

Sheepland Ltd from Taunton UK is a small, active company founded 14 years ago. With 12 employees and £69,347 in assets, it operates from a virtual address, managed by two directors and one owner. Its e-commerce site enjoys a perfect 5.0 Google rating based on 17 reviews, and it's a regular importer of footwear and related items, having imported for six months, the last operation in May 2023.

The company’s website, Sheepland Handmade Sheepskin Footwear, focuses on selling handmade sheepskin products – slippers, boots, clothing, and homeware. It uses cookies to personalise content and ads, and it's clear the business is family-run, emphasizing British craftsmanship and quality. The site also highlights a commitment to sustainability and ethical sourcing, which is important to many customers.

Financially, Sheepland Ltd presents a mixed picture. Current assets have decreased by 59%, dropping to £69,000, while net assets have remained relatively stable at £84,000. Bank borrowings have also decreased by 8.2%, settling at £6,100, and cash reserves have fallen significantly by 79%, leaving just £28,000. Creditors have also decreased by 62%, which is a positive sign. The company meets the criteria to be considered small – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees – and is exempt from an audit.

The significant drop in cash reserves, however, is concerning. It suggests the company may be burning through money faster than it's generating it, although this could be due to increased inventory purchases or investments in marketing. The stable net assets, however, show the company is not in immediate danger. The lack of an auditor means the figures are unaudited, so it's important to view them with caution. Overall, Sheepland Ltd appears to be a well-regarded small business facing some financial headwinds, but its strong online presence and focus on quality products could help it weather the storm.

Registered in England/Wales under the registration number 07452425, with a registered address at TA1 1JR, England, Taunton, 40 St James Buildings, St. James Street.

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