Tribe Yarns Ltd

Tribe Yarns Ltd from Wembley UK is a small, family-run business with an active status, established seven years ago. Employing five people, the company holds £224,169 in assets and operates from a real address. With three directors and two owners, the business enjoys a stellar 5.0 Google rating based on 1097 reviews. It’s a regular importer of wool and animal hair products, with 49 months of import activity recorded.

The company’s website showcases a vibrant online store specializing in yarn, knitting notions, and patterns. It’s clear they're aiming at a passionate crafting community, with a wide selection of brands and a focus on high-quality materials. The site also features a blog and a section dedicated to showcasing customer projects—a nice touch. It appears they’re doing ecommerce, with a lot of categories and a clear path to purchase.

Financially, Tribe Yarns Ltd presents a mixed picture. While cash bank on hand remained stable at £160,000, net assets increased by a modest 7.6% to £130,000. However, finished goods increased significantly, up 30% to £52,000, which could indicate growing inventory or slower sales. Creditors also rose by 45%, reaching £61,000, suggesting increased reliance on trade credit. Average number of employees decreased by 20%, from five to four, which could be a result of restructuring or seasonal fluctuations. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the increase in creditors is something to keep an eye on. As a small company, it’s exempt from an audit, so the figures are unaudited.

It’s clear that Tribe Yarns Ltd is a well-regarded business with a loyal customer base. The financial data suggests a company that’s growing, but also facing some challenges in managing its cash flow.

Registered in England/Wales under the registration number 11223436, with a registered address at HA0 3AN, England, Wembley, 17 Sudbury Avenue.

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