Soft Touched Ltd

Soft Touched Needlecraft Ltd, based in Tavistock, UK, is a small, active company founded three years ago. The company, run by a solo founder and director, Klein Adela, boasts £2,499 in assets and operates a thriving e-commerce site specializing in needlecraft supplies. With a real address and a strong online presence, it caters to enthusiasts of crochet, cross-stitch, knitting, and quilting, offering a wide range of products from fabrics and patterns to sewing machines and haberdashery. The website also features a partnership with Corinne Lapierre for unique felt and applique embroidery kits.

The company's website is very active, offering a wide range of products and services. It has a strong presence on social media, and it is constantly updating its website with new products and promotions. The website is easy to navigate and has a clean, modern design. It also offers international shipping and a variety of payment options. The company also has a physical store open Monday to Saturday, offering in-person sales and customer support.

Financially, Soft Touched Needlecraft Ltd presents a mixed picture. While current assets have increased by 79%, net assets have fallen dramatically by 140%, landing at a concerning -£6. Bank borrowings have also risen significantly, and cash reserves have decreased by 63%, leaving just £16. Creditors have increased too, suggesting a need to manage debt. Despite these challenges, the company’s small size (meeting two of three criteria for a small company) allows for flexibility. No auditor is mentioned, which is common for companies of this size.

It's clear that Soft Touched Needlecraft Ltd is navigating a period of financial adjustment. While the e-commerce side seems to be doing well, the decrease in equity suggests the company may be burning through cash. Whether Klein Adela can turn things around remains to be seen, but the company's dedication to its niche market and strong online presence offers a glimmer of hope.

Registered in England/Wales under the registration number 13396952, with a registered address at E5 9NA, United Kingdom, London, Suite B, 26 Theydon Road.

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