Thecuddlecompany Ltd

Thecuddlecompany Ltd, based in Ipswich, UK, is a small, active company founded nine years ago in 2016. With seven employees and £95,694 in assets, it operates as an e-commerce site selling personalised baby blankets and related items. It has a real address and is managed by one director and owner, Quinton Megan. The company imports clothing and accessories made by knitting or crocheting, though irregularly, with the last import occurring two months ago.

The company's website showcases a wide range of products, including personalised blankets, swaddles, loveys, and taggiez, catering to parents and gift-givers. The site offers various customisation options, currency options, and even has a section for designing your own blankets. It's clear they're focused on a niche market—personalised baby gifts—and have invested in a user-friendly online shopping experience.

Financially, Thecuddlecompany Ltd’s recent report shows a mixed picture. While cash bank on hand increased by a healthy 52% to £35,000, net assets have dramatically declined, dropping 95% to just £230. This suggests a significant reduction in retained earnings. Trade creditors have increased by 82%, reaching £88,000, which could indicate increased supplier costs or extended payment terms. Interestingly, bank borrowings have also increased significantly, rising by 350% to £43,000. The company's small size—meeting two of three criteria for a small company—allows for flexibility, but the sharp decline in equity raises concerns. The company is exempt from an audit, so the figures are unaudited.

Overall, Thecuddlecompany Ltd appears to be a small business navigating a challenging financial landscape. While the e-commerce side seems to be functioning well, the recent financial data suggests a need for careful management and a focus on improving profitability.

Registered in England/Wales under the registration number 09934193, with a registered address at IP9 2TD, England, Ipswich, Unit 9-10 Manor Lane, Stutton.

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