Sweet Threads Ltd

Sweet Threads Ltd from Leicester, UK, is a small, active company founded seven years ago in 2017. Employing 79 people, the business holds £2,687,750 in assets and operates from a real address. With three directors and no reported owners, the company is a regular importer and exporter of clothing and accessories made by knitting or crocheting, with 115 months of import and 109 months of export activity recorded.

The company’s website highlights Sweet Threads Ltd as a dynamic ladies' fashion wear manufacturer, supplying high-quality garments to brands like ASOS and River Island. They specialize in trend-driven designs and boast a commitment to ethical practices, including sustainable materials and fair labour. Their website also details a team of over 50 skilled employees and a focus on innovation and customer service. It's clear they're positioning themselves as a trusted supplier within the fashion industry.

Financially, Sweet Threads Ltd presents a mixed picture. While cash bank on hand increased significantly by 68%, reaching £1.4 million, creditors also rose by 56%, now at £1.1 million. This suggests the company is managing its debts, but also relying on credit to support its operations. Trade debtors remained steady, however, and net assets grew by 9%, reaching £1.7 million. A notable trend is the decrease in average employees during the period, falling by 30% to 55—a possible reflection of changing production needs or cost-cutting measures. Property, plant, and equipment also saw a 20% decrease, likely due to depreciation. 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 remain agile, but the decrease in employees could impact production capacity. No auditor is mentioned, which is common for small companies, and the accounts are unaudited.

Registered in England/Wales under the registration number 11026119, with a registered address at LE5 0BT, England, Leicester, Unit 1 Ground Floor, 55 Hastings Road.

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