Skyeskyns Limited

Skyeskyns Ltd, based in Ramsgate, UK, is a small, active company founded 21 years ago. With 25 employees and £276,913 in assets, it’s a well-established, albeit modest, operation. The company is run by three directors and a solo founder, Lydia Hartwell, and operates from a virtual address shared by nineteen other companies. It's a bit of a puzzle, really, with irregular imports of miscellaneous manufactured goods (just one month’s worth in 2023) and exports of furskins and artificial fur products (two months in 2024).

The company’s website, Scottish Land Estates, doesn't directly relate to Skyeskyns Ltd’s retail business. Instead, it’s a membership organisation for landowners and rural businesses in Scotland. The site is packed with news, events, and resources—a far cry from the niche fur and textile market Skyeskyns appears to be in. It's a bit confusing, to be honest, how these two entities are connected.

Financially, Skyeskyns Ltd shows some concerning trends. Current assets have fallen by 20% to £280,000, and net assets have dropped by 1.4% to £260,000. Bank borrowings have decreased significantly, falling by 78%, which is a positive sign. However, creditors have also decreased by 27%, and cash reserves are down 38% to £94,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is typical for small companies.

Overall, Skyeskyns Ltd seems to be navigating some financial headwinds. The drop in cash reserves and assets suggests it’s burning through money, although the decrease in bank borrowings is a small comfort. The connection to Scottish Land Estates adds a layer of complexity, and it's unclear how much synergy exists between the two.

Registered in England/Wales under the registration number 05021948, with a registered address at CT12 6SR, Ramsgate, Kent, 424 Margate Road.

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