The Wig Department Ltd
- Small
- Active
- 18 years
- £141,325 (assets)
- Virtual address
- 2 directors
- 1 owner
- Regular importer
- Regular exporter
- E-commerce
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Social media
Summary
The Wig Department Ltd, based in Lewes, UK, is a small, active company founded 18 years ago. With £141,325 in assets and a virtual address, the business is run by two directors and one owner, Sterritt Christine. It’s a regular importer of special woven and decorative fabrics, with 32 months of import activity recorded, and a regular exporter of miscellaneous manufactured goods, with four months of export activity.
The company’s website, The Wig Department, is a dedicated online store catering to wig makers. It sells a wide range of materials, tools, and supplies, including foundation fabrics, wig blocks, hooks, tapes, adhesives, and hair prep products. The site also features a catalogue and samples section, as well as a sale area. It’s clear that the company’s focus is on serving the niche market of wig making, with a particular emphasis on providing high-quality materials and resources.
Financially, The Wig Department Ltd presents a mixed picture. While net assets increased by a significant 96% to £84,000, bank borrowings decreased by 57% to £16,000. Cash reserves also increased by 22% to £56,000. However, trade debtors decreased by nearly 50% to £11,000, and creditors increased by 180% to £34,000. The company’s small size—meeting two of three conditions for being a small company—helps it remain flexible, but the increase in creditors suggests it might be relying on credit to manage its operations. The company is exempt from an audit as a small company, so the figures are unaudited.
The business seems to be holding its own, but the increase in creditors should be monitored. The company’s focus on a specialized market and its online presence suggest a resilient business model, but the financial data indicates a need for careful management.
Registered in England/Wales under the registration number 06176455, with a registered address at BN7 2NZ, England, Lewes, 1 West Street.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- Sterritt Christine
- 8 years
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- Smith David
- 18 years
- 47
-
Resident of United Kingdom
-
Individual
- Sterritt Christine Margaret
- 18 years
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted four months ago.
Last news
-
Confirmation statement made on 2024-12-03 with no updatesDownload 3 pages pdf report
-
Total exemption full accounts made up to 2024-03-31Download 8 pages pdf report
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Total exemption full accounts made up to 2023-03-31Download 8 pages pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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Similar exporters
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FAQ about The Wig Department Ltd
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