The Wool Wizard Ltd

The Wool Wizard Ltd is a small, active company based in Ripley, UK, founded two years ago. It’s a solo venture run by a single director and owner, Gonwa Ashley Marie, and operates an e-commerce site selling yarn and related supplies. With £3,721 in assets and a virtual address shared by forty-one other companies, it’s a compact operation.

The company’s website showcases a vibrant selection of yarns, patterns, and accessories, catering to knitters and crocheters. Products range from Emu yarns to Opal sock yarns, alongside patterns for blankets and baby sets. The site also features a blog with tutorials and inspiration, demonstrating a commitment to engaging with its customer base. It seems they’re really pushing the yarn sales, with a lot of sales going on.

Financially, The Wool Wizard Ltd presents a mixed picture. Current assets are £3,700, but net assets are a negative £190, indicating accumulated losses. Cash reserves are a modest £1,500, and creditors amount to £3,900. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the negative equity is a concern. It's a little worrying, to be honest. The company hasn't had an audit, which is typical for small companies.

While the e-commerce site appears active and well-stocked, the financial data suggests a company burning through cash. Whether this is a temporary situation or a longer-term challenge remains to be seen—but for now, The Wool Wizard Ltd is relying on its niche market and online presence to stay afloat.

Registered in England/Wales under the registration number 14610867, with a registered address at DE5 8NE, England, Ripley, Durham House 38 Street Lane, Denby.

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