Stitch Designworks Limited

Stitch Designworks Limited is a small holding company based in Salisbury, UK, with an active trading status. Founded 24 years ago in March 2001, it employs six people and holds £552,510 in assets. The company, with one director and one owner, regularly imports and exports various textile products, sets, used clothing, and rags—19 months of import activity and 11 months of export activity recorded as of December 2024.

The company’s website, Stitch Design Works, primarily focuses on custom gifts, particularly embroidered items and laser-engraved gifts. It also offers digital pet portraits and bandana embroidery services, indicating a diverse range of creative offerings. The site features a clean, modern design and emphasizes quick shipping and easy returns—a common strategy for online retailers. It's a well-presented site, with a Shopify base.

Financially, Stitch Designworks Limited shows a mixed picture. Current assets increased by 9%, reaching £550,000, while net assets decreased by 7.1%, settling at £400,000. Cash reserves experienced a significant boost, rising 72% to £69,000. However, bank borrowings surged by 97%, reaching £160,000, and trade debtors decreased by 31%, suggesting potential issues with customer payments. Creditors also increased, by 38%, to £86,000. 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. There's no auditor mentioned, which is likely due to its small size and exemption from an audit.

Overall, Stitch Designworks Limited appears to be growing its assets and cash reserves, but the increase in bank borrowings and trade creditors suggests it may be relying on external financing to support its operations. The company's diverse product offerings and online presence position it well in the custom gift market, but careful management of its finances will be crucial for its long-term success.

Registered in England/Wales under the registration number 04186140, with a registered address at SP4 7SD, England, Salisbury, 16-18 The Boscombe Centre Mills Way, Amesbury.

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