Threadbear Design Ltd

Threadbear Design Ltd is a small, active company based in Peterborough, UK, founded seven years ago in 2017. With eight employees and £1,582,361 in assets, it operates from a virtual address, managed by two directors and two owners. The company regularly imports and exports toys, games, and sports equipment – 39 months of imports and 68 months of exports recorded. It's a wholesale business, operating in the household goods industry.

The company’s website showcases a curated selection of wooden toys, textile gifts, and children's furniture, catering to a range of ages and developmental stages. The site is clearly geared towards direct-to-consumer sales, with detailed product descriptions, high-quality images, and a user-friendly shopping experience. It’s a very modern e-commerce site.

Financially, Threadbear Design Ltd shows some concerning trends. Accumulated depreciation on computer equipment rose significantly by 40%, and plant machinery saw a 57% increase, suggesting ongoing investment in infrastructure. Advances to directors increased by 10%, and bank borrowings decreased by 46%, which is a positive sign. However, cash bank on hand plummeted 71%, and net assets decreased by 53%, which is a worrying trend. Trade creditors also decreased by 16%, which is a good sign. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no mention of an auditor, which is typical for small, exempt companies.

The company's reliance on a virtual address, with sixty-four other companies registered at the same location, could indicate shared services or a co-working arrangement. While this isn't inherently negative, it's worth noting. The decrease in cash reserves, despite a drop in bank borrowings, suggests the company may be burning through cash faster than it’s generating revenue, and the decrease in net assets is a worrying trend.

Registered in England/Wales under the registration number 10988333, with a registered address at PE6 8FD, England, Peterborough, Eventus Sunderland Road, Market Deeping.

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