Silesian Quilt Ltd

Silesian Quilt Ltd from London UK is a small, active company founded seven years ago in June 2017. It’s a family business with two employees, operating through a virtual address and boasting three directors and two owners. The company runs an e-commerce site, offering a range of quilting and patchwork supplies.

The website showcases a wide selection of products, including Friwitch patterns, quilting templates, fabrics, and accessories. It also offers services like quilting and newsletter subscriptions. The company designs templates for patchwork and quilting, manufactures quilting feet, and offers a range of accessories. It’s clear they’re focused on a niche market of quilting enthusiasts, with a blog and technical support section adding value to the customer experience. The company’s warehouse and shipping are located in Pszczyna, Poland.

Financially, Silesian Quilt Ltd’s recent report paints a somewhat concerning picture. Cash bank on hand has fallen dramatically, dropping 100% to just £2. Creditors have increased significantly, up 41% to £77,000, while loans from directors have also risen by 43% to £72,000. Equity has also taken a hit, with retained earnings and accumulated losses increasing by 49% to -£77,000. On the plus side, accrued liabilities have increased by 110%, suggesting a possible increase in short-term obligations. The company meets the criteria for a small business, with turnover likely under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The accounts are described as "filleted" and unaudited, and the company is exempt from an audit. There's no auditor mentioned.

Despite the challenges, Silesian Quilt Ltd appears to be maintaining its online presence and product offerings. The company’s focus on a specialized market and its commitment to quality could help it weather these financial pressures—though a closer look at its pricing and marketing strategies might be necessary to ensure long-term sustainability.

Registered in England/Wales under the registration number 10834453, with a registered address at W1W 7LT, England, London, 85 Great Portland Street, First Floor.

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