Thingimijigs Limited

Thingimijigs Ltd from Burnley, UK, is a small, active company that’s been around for 20 years. Founded in 2004, it employs eight people and holds £234,231 in assets. With a real address, three directors, and two owners, it operates an e-commerce site and has a respectable Google rating of 4.0 based on four reviews. The company regularly exports clothing and accessories made by knitting or crocheting, with three months of export activity recorded.

The website, thingimijigsshop, is a vibrant online store selling a wide range of footwear, clothing, bags, and fancy dress items for children and adults. It’s a comprehensive retail site, with a huge selection of items. It’s clear they’re focusing on a broad customer base, with a lot of categories and subcategories. They even have a section for Christmas and summer holiday essentials.

Financially, Thingimijigs Ltd shows some concerning trends. Current assets have decreased by 7.6% to £230,000, while net assets have fallen by 24% to £120,000. Bank borrowings have increased significantly, by 220%, reaching £16,000, and cash reserves have plummeted 96% to just £310. Creditors have also increased, by 26%, to £90,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, which is likely due to its small size and exemption from an audit.

The sharp decline in cash reserves and net assets is a cause for concern. While the company’s e-commerce site appears active and well-stocked, the financials suggest it’s burning through money. Whether this is a temporary setback or a longer-term challenge remains to be seen. It's clear that they have a lot of inventory, and the increase in creditors suggests they are relying on credit to keep the business running.

Registered in England/Wales under the registration number 05242056, with a registered address at BB11 5UB, England, Burnley, Lancashire, Unit 1, Ams Technology Park, Billington Road.

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