The Wool Factory Limited

The Wool Factory Limited, based in Alford, UK, is a small, active company founded five years ago in 2020. Employing eight people and holding £292,969 in assets, it operates a thriving e-commerce site with a stellar 5.0 Google rating from 184 reviews. The company regularly imports cotton products, with seven months of import activity recorded. It has two directors and two owners, with the list of both having changed five years ago.

The Wool Factory’s website is a yarn and crafting supplies emporium, offering a vast selection of brands like Cygnet, King Cole, and West Yorkshire Spinners. It caters to knitters and crocheters, selling yarn by the ball, needles, hooks, and a wide range of accessories. The site is well-organized, with clear categories, detailed product descriptions, and helpful crafting patterns. It also features a "What Our Customers Say" section, showcasing positive reviews and building trust. There's even a "NeedlesHooks Accessories" section, and a "The Button Barn" for all things buttons.

Financially, The Wool Factory shows some mixed signals. Cash bank on hand dropped by 31% to £61,000, while current assets increased by 8.1% to £290,000. However, net assets saw a dramatic increase of 990% to £29,000. Debtor’s decreased by 9.5% to £12,000, and creditors remained steady at £280,000. The company’s small size—meeting two of three criteria for a small company—helps it maintain agility. The lack of an auditor is typical for a small company.

The company’s growth in assets and net assets is a positive sign, suggesting increased sales and profitability. However, the decrease in cash reserves could indicate increased investment in inventory or marketing. The consistent import of cotton products suggests a focus on sourcing quality materials, and the high Google rating points to excellent customer service. It's a good sign that the company is doing well, but it's important to keep an eye on the cash flow.

Registered in England/Wales under the registration number 12494246, with a registered address at LN13 9DZ, England, Alford, Lincolnshire, 5 Market Place.

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