The Bead Shop (nottingham) Limited

The Bead Shop (Nottingham) Limited, a small, active company established twenty years ago in 2004, is a friendly online and brick-and-mortar retailer of beads and craft supplies. Located in Nottingham, it employs seven people and holds £116,198 in assets. With three directors and two owners, the company operates an e-commerce site and maintains a 5.0 Google rating from 346 reviews, reflecting a strong customer base. It regularly imports glass and glassware, with the latest import activity recorded eight months ago.

The company’s website showcases a vast selection of beads, pendants, and craft materials, catering to both beginners and experienced crafters. It offers a wide range of products, including Czech glass seed beads, Miyuki delica beads, and semiprecious gemstones, alongside tools, findings, and haberdashery items. The website also highlights workshops, classes, and parties, demonstrating a commitment to fostering a creative community.

Financially, The Bead Shop (Nottingham) Limited presents a mixed picture. Current assets have decreased by 14%, settling at £120,000, while net assets have increased by 6.4%, reaching £46,000. Bank borrowings have decreased by 31%, falling to £21,000, and cash reserves have declined by 47%, sitting at £12,000. Creditors have increased by 16%, reaching £84,000. 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. No auditor is mentioned, consistent with its status as a small company exempt from an audit.

While the business appears to be maintaining a loyal customer base and a strong online presence, the decrease in cash reserves and increase in creditors suggests potential financial pressures. The company’s long-standing presence and positive customer reviews, however, indicate resilience and a solid foundation for future growth.

Registered in England/Wales under the registration number 05145653, with a registered address at NG1 6HY, 7 Market Street, Nottingham.

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