Topstitch Ltd

Topstitch Ltd is a small, active company based in Enfield, UK, established six years ago in 2018. With five employees and £3,447,422 in assets, it operates from a real address and is led by a single director and owner, who is also the solo founder. The company regularly imports and exports clothing and accessories – but not knitted or crocheted items – with 84 months of import activity and 5 months of export activity recorded. It operates in the manufacture of other women's outerwear industries.

The company’s website is currently unavailable, making it difficult to ascertain the specifics of its operations beyond the import/export activity. It’s unclear whether Topstitch Ltd operates an e-commerce site or primarily serves wholesale clients.

Financially, Topstitch Ltd presents a mixed picture. While net assets increased by 37% to £700,000, suggesting growth in overall value, several key metrics show concerning trends. Cash bank on hand increased by 14% to £100,000, which is good news, but trade debtors decreased by 77%, dropping to £150,000. This could mean customers are paying slower or the company is selling less. Creditors, however, skyrocketed by 590%, reaching £2,700,000 – a significant increase in outstanding payments. Bank borrowings also decreased by 32% to £22,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the substantial creditor increase warrants closer attention. There is no auditor mentioned, which is likely due to its status as a small company.

Despite these challenges, Topstitch Ltd’s consistent import and export activity, combined with a growing asset base, suggests a business that’s actively engaged in the clothing and accessories market. The company’s financial health will depend on managing its creditors and improving its debt collection efforts.

Registered in England/Wales under the registration number 11631634, with a registered address at EN1 1TE, United Kingdom, Enfield, Unit 6b Haslemere Business Centre, Lincoln Way.

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