The Uncommon Thread Limited

The Uncommon Thread Limited is a small, active company based in Hove, UK, established twelve years ago in 2012. With four employees and £35,682 in assets, it’s a solo-founded operation led by a single director and owner. The company regularly exports wool and animal hair products, with eight months of export activity recorded, the last in February 2023. It has a real registered address, and only one other company is registered at the same location.

The Uncommon Thread operates an online shop, selling yarn, fabric, tools, and notions for knitting and crochet enthusiasts. The website showcases a wide range of products, from lace and fingering yarns to superwash and sock yarns, alongside fabric, books, and sewing patterns. It caters to both wholesale and retail customers, with a dedicated wholesale terms page for yarn retailers. The site also features a blog with tips and tricks for crafting projects.

Financially, The Uncommon Thread Limited shows some concerning trends. Current assets have decreased by 36% to £36,000, while net assets have plummeted 99% to just £140. Bank borrowings have decreased by 33%, but cash reserves have fallen 80% to £3,300. Creditors have also decreased by 33%, which is a positive sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain nimble, but the significant equity drop raises questions. No auditor is mentioned, likely due to its status as a small company.

The company's reliance on online sales and its niche product offering suggest a potential for growth, but the recent financial challenges indicate a need for careful management and possibly a re-evaluation of its business model.

Registered in England/Wales under the registration number 08222654, with a registered address at BN3 3LL, Hove, East Sussex, 74 Ethel Street.

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