Stitches And Steel Limited

Stitches And Steel Ltd from Colchester UK is a small, active company founded nine years ago in 2015. With five employees and £461,041 in assets, it’s a family business operating an e-commerce site and regularly importing various textile products, sets, used clothing, and rags—a trend that’s continued for the past thirteen months, with the latest import recorded in November 2024. The company’s directors and owners, Grogan Victoria and Grogan Oliver, oversee operations, and the registered address is a real one, shared by only three other companies.

The website, stitchesandsteel.com, showcases a wide range of accessories for VW campervans—from awning rails and seating covers to camping furniture and even high-end bicycles. It’s clear the company caters to the adventure travel market, emphasizing quality, durability, and British craftsmanship. The site also highlights a commitment to sustainability, with a certification as a B Corp, indicating a focus on social and environmental responsibility.

Financially, Stitches And Steel Ltd presents a mixed picture. While cash reserves saw a significant boost, rising 94% to £120,000, net assets also increased by 41% to £88,000. However, bank borrowings surged by a considerable 2,400%, reaching £29,000, and trade debtors increased by 24%, suggesting potential issues with customer payments. Creditors, however, decreased by 18%, which is a positive sign. The company’s small size—meeting two of three criteria for being classified as small—allows for agility, but the increase in debt warrants closer monitoring. The financial statements are unaudited, as is common for small companies, and no auditor is listed. Overall, Stitches and Steel seems to be growing, but needs to manage its debt to ensure long-term stability.

Registered in England/Wales under the registration number 09885761, with a registered address at CO2 0LT, England, Colchester, Unit 2, The Old Joinery Maldon Road, Birch.

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