The Worm That Turned Limited

The Worm That Turned Ltd from Nottingham UK: a small holding company with an active status, has been operating for 26 years. It holds £322,209 in assets and maintains a real address, managed by three directors and a single owner. The company runs an e-commerce site and has a Google rating of 4.0 based on 26 reviews. It regularly imports furniture, lighting, and prefabricated buildings (91 months imported), and has recently begun exporting the same (6 months exported).

The company’s website, worm.co.uk, showcases a wide range of outdoor products, from furniture and lighting to garden art and structures. It's clearly geared towards retail, with a focus on inspiring customers to revitalize their outdoor spaces. The site offers a variety of product categories, including gifts, professional services, and current offers, alongside a blog featuring gardening tips and trends. It’s a well-designed, visually appealing site that promotes a lifestyle brand.

Financially, The Worm That Turned Ltd shows some concerning trends. Current assets have dropped by 26% to £320,000, and net assets have plummeted 92% to just £26,000. Bank borrowings have increased significantly, and cash reserves have fallen 37% to £95,000. Creditors have also risen, suggesting increased reliance on short-term financing. 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 for flexibility, but the sharp decline in equity is a cause for concern. With no auditor mentioned, the financial statements are unaudited.

The company's significant decrease in net assets and cash reserves is a worrying sign, suggesting it may be burning through money. While the e-commerce side appears active and well-reviewed, the financials reveal a company struggling to maintain profitability. It's possible that increased competition or rising costs are impacting its bottom line.

Registered in England/Wales under the registration number 03623114, with a registered address at NG1 5FD, Nottingham, 66-68 Derby Road.

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