Tweedvale Knitwear Limited

Tweedvale Knitwear Ltd from Walkerburn UK: a small holding company with an active status, was founded eleven years ago in 2013. The company employs just two people and holds £189,576 in assets, operating from a real address in Walkerburn. With two directors and one owner, Tweedvale Knitwear Ltd is an irregular importer of wool and animal hair products (one month imported) and a regular exporter of clothing and accessories made by knitting or crocheting (five months exported).

The company’s core business revolves around the manufacture of other knitted and crocheted apparel. Its website, while not providing extensive details, suggests a focus on traditional Scottish knitwear. While no e-commerce presence is apparent, the company likely supplies wholesale or retail partners.

Financially, Tweedvale Knitwear Ltd presents a mixed picture. Net assets have decreased significantly, falling 69% to £25,000. Bank borrowings have also decreased, dropping 15% to £14,000. However, cash reserves have vanished completely, dropping 100% to zero. Trade debtors have increased dramatically, rising 380% to £130,000, which could indicate issues with customer payments or a deliberate strategy to extend credit terms. Current assets have also increased by 410% to £190,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the sharp decline in equity raises concerns. As a small company, it is exempt from an audit, and the figures are unaudited.

The company's reliance on imports of wool and animal hair, combined with its export focus, suggests a supply chain that could be vulnerable to external factors. The sudden drop in cash reserves is a worrying trend, and the increase in trade debtors needs to be monitored closely.

Registered in Scotland under the registration number SC459906, with a registered address at EH43 6BE, Scotland, Walkerburn, Scottish Borders, Units 3&4 Tweedvale Mills West.

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