The Tie Maker Limited

The Tie Maker Limited, based in Cardiff, UK, is a small, active company founded seven years ago in 2017. It employs just two people and holds £5,543 in assets. With two directors and two owners, it’s a compact operation with a real registered address. The company operates in the manufacture of other wearing apparel and accessories, as well as retail sales via mail order and internet.

The Maker’s Atelier, the company’s website, focuses on PDF sewing patterns and digital magazines. It showcases a range of spring blouses, tiered blouses, and box shirts, catering to those interested in sewing and crafting. The site also features an "Inspiration" section, a "Journal," and details on upcoming events, demonstrating a community-focused approach. The site is well-designed and offers patterns in multiple currencies, including GBP, USD, AUD, EUR, CAD, and NZD.

Financially, The Tie Maker Limited presents a mixed picture. Current assets have decreased by 28% to £5,500, while net assets have dropped by 8.6% to -£3,300. Bank borrowings have decreased by 25%, a positive sign, and cash on hand has increased significantly by 330% to £210. However, creditors have also decreased by 25%, and trade debtors have fallen by 31%. The company meets two of three conditions to be considered a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are described as "filleted" and unaudited, which is common for small companies exempt from an audit. The company's retained earnings and accumulated losses are also negative.

Overall, The Tie Maker Limited appears to be navigating a challenging financial landscape. While the website suggests a thriving business with a loyal customer base, the financial data indicates a company that is burning through money. The decrease in assets and the negative net assets raise concerns about the company’s long-term viability. It’s possible that the company is reinvesting in its business, but without further information, it’s difficult to say for sure.

Registered in England/Wales under the registration number 10877041, with a registered address at CF10 4LN, Wales, Cardiff, 7&8 Raleigh Walk (No Nonsense Acc), Brigantine Place.

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