Sulis Silks Ltd

Sulis Silks Ltd, based in Midsomer Norton, UK, is a small, family-run business with an active status. Founded 24 years ago in 2000, the company employs eight people and holds £189,502 in assets. It operates from a real address and is led by four directors and three owners. The company’s website showcases a gorgeous range of silk lingerie and nightwear, catering to both men and women with a focus on British craftsmanship and high-quality materials. It has a stellar 5.0 Google rating based on 26 reviews, indicating excellent customer satisfaction. The company regularly imports knitted or crocheted fabrics, with six months of import activity recorded, the last operation made in October 2023.

The company’s website, Sulis Silks, is a fully functional e-commerce platform, offering a wide selection of silk lingerie, nightwear, and menswear. It even has a bridal collection and caters to plus-size customers. The site emphasizes ethically made products using pure silk satin, silk jersey, and lace from Europe. It ships worldwide and has customers in Europe, North America, and Japan. The website also highlights its commitment to made-in-England production and offers a blog with care instructions and styling tips.

Financially, Sulis Silks Ltd presents a mixed picture. Current assets decreased by 14% to £190,000, while net assets also fell by 13% to £140,000. Cash reserves increased significantly by 170% to £75,000, a positive sign. However, trade debtors plummeted by a staggering 84%, suggesting difficulties in collecting payments. Creditors also decreased by 14%, which is a good sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 30 employees) allows for flexibility, but the decrease in equity warrants attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Sulis Silks Ltd appears to be navigating a period of change. The strong Google rating and active e-commerce presence suggest a loyal customer base, but the financial data reveals some challenges. Whether the company can maintain its momentum and continue to thrive in the competitive lingerie market remains to be seen.

Registered in England/Wales under the registration number 04027025, with a registered address at BA3 4BS, Midsomer Norton, Radstock, Sulis Silks Ltd Unit 29, First Avenue Westfield Ind Est.

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