Touching Cloth Limited

Touching Cloth Limited, based in London, UK, is a small, active company established thirteen years ago in 2012. With a single employee and £146,432 in assets, it operates from a virtual address—a detail highlighted by the fact that 8925 other companies are registered at the same location. The business is led by a single director and owner, Edward Crutchley.

The company’s activities are split between importing and exporting. It’s an irregular importer of clothing and accessories made by knitting or crocheting, with just one month of import activity recorded back in 2022. However, it’s a regular exporter of clothing and accessories *not* knitted or crocheted, boasting twenty-three months of export activity, also ending in 2022. The company operates in the specialised design activities industries.

Looking at the financials, Touching Cloth Limited’s situation is a bit of a mixed bag. Cash bank on hand has increased significantly, up 80% to £69,000, which is good news. However, accrued liabilities deferred income decreased slightly, down 2.7% to £900. Trade debtors have exploded, rising by an astonishing 1,300% to £75,000 – perhaps indicating a reliance on customer payments or a shift in credit terms. Conversely, creditors have also surged, increasing by 750% to £13,000. Net assets have grown substantially, up 110% to £90,000, but the large increase in debtors is something to keep an eye on. The company meets the criteria to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There’s no mention of an auditor, which is common for small companies.

Overall, Touching Cloth Limited appears to be growing, but the dramatic increase in trade debtors suggests it might be burning through cash faster than it's bringing it in. It's a small business, so these fluctuations aren’t unusual, but careful management of customer payments will be key to its continued success.

Registered in England/Wales under the registration number 08042957, with a registered address at WC2A 2JR, England, London, 7 Bell Yard.

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