Stitch London Limited

Stitch London Limited, based in London, UK, is a small, active company established 18 years ago in 2007. Employing just two people and holding £180,693 in assets, it operates from a virtual address shared by 64 other companies, a fact that raises some questions. The company is led by three directors, including Joanna Louise Fogel, who also serves as the sole owner and solo founder. It regularly imports leather goods, travel bags, and animal harnesses, with the latest import activity recorded three months ago in March 2024. The company’s website is not available for review.

Stitch London Limited operates in the management consultancy activities other than financial management industries. While the company’s website is not available for review, it’s clear that it’s a small, specialized operation. The shared address suggests a cost-saving strategy, common among smaller businesses.

Financially, Stitch London Limited shows a mixed picture. Current assets increased by 16% to £180,000, a positive sign. However, net losses deepened from -£10,000 to -£11,000. Cash reserves fell 62% to £110,000, while bank borrowings surged by 2,400%, reaching £29,000. Trade debtors decreased by 17%, suggesting better debt management. Creditors increased by 76%, and other creditors increased by 160%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the equity drop raises questions. The company is exempt from an audit, so the financial statements are unaudited.

In short, Stitch London Limited is facing some challenges, but it’s a small, specialized operation with a long history.

Registered in England/Wales under the registration number 06044378, with a registered address at SW1Y 4BP, United Kingdom, London, 6th Floor Kings House, 9-10 Haymarket.

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