The Yarn Cake (scotland) Ltd

The Yarn Cake (Scotland) Ltd, based in Hamilton, UK, is a small, active company established twelve years ago. With three employees and £17,404 in assets, it operates from a virtual address shared by many other businesses, a detail that warrants some attention. Karl Antje Katrin serves as both director and owner, overseeing the company’s e-commerce site and enjoying a stellar 5.0 Google rating from 114 reviews. The business regularly imports wool and animal hair products, with its last import operation recorded three months ago.

The Yarn Cake functions as a knitting café and yarn shop, offering a wide range of products from laceweight yarn to crochet hooks and notions. Its website highlights a welcoming atmosphere, cozy knitting nooks, locally roasted coffee, and a vibrant community. It also hosts Knit Nights, classes, and events, catering to both experienced knitters and beginners. The website even includes a section dedicated to spinning, offering drop spindles and spinning wheels for hire.

Financially, The Yarn Cake shows a mixed picture. While cash reserves decreased by 42% to £5,400, creditors rose by 9.3% to £28,000. Bank borrowings decreased by 26% to £5,800, and current assets dropped 11% to £17,000. A notable decline in retained earnings and accumulated losses, dropping 64% to -£12,000, suggests the company may be burning through cash. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the equity drop is a concern. The company’s accounts are unaudited, and no auditor is listed, which is typical for small companies.

Despite these financial pressures, The Yarn Cake maintains a strong online presence and a loyal customer base, indicating a business that’s focused on community and quality. Whether it can sustain this momentum while managing its finances remains to be seen.

Registered in Scotland under the registration number SC438548, with a registered address at ML3 0BP, Scotland, Hamilton, Lanarkshire, 8 Douglas Street.

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