The Crafty Witches Ltd

The Crafty Witches Ltd is a small, active company based in Cramlington, UK, founded just one year ago in May 2023. With £13,110 in assets and a virtual address shared by forty-one other companies, it's a lean operation employing just two people. Officially, the company is owned and directed by Chapman Lynda Rose and Seddon Rebecca Ann, though the list of owners might not be exhaustive.

The Crafty Witches Ltd operates in the retail sale via mail order houses or via internet industries, offering a range of products through its website. While no website details are available, the company's focus on online retail suggests a modern, e-commerce driven business.

Financially, The Crafty Witches Ltd appears to be in a precarious position. Current assets are reported at £13,110, but net equity sits at a negative £3,400, indicating accumulated losses. Cash reserves are a modest £12,000, while creditors stand at £17,000. Bank borrowings are a steady £16,000. The company's small size (meeting two of three conditions for a small company: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the negative equity suggests it's burning through cash. With no auditor mentioned, the financial information relies on unaudited director’s reports.

It seems the company is struggling to turn a profit, and the reliance on loans to cover short-term liabilities is concerning. Whether the business can recover and achieve sustainable growth remains to be seen.

Registered in England/Wales under the registration number 14856917, with a registered address at NE23 7RZ, United Kingdom, Cramlington, 3 Berrymoor Court, Northumberland Business Park.

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