Uppingham Yarns Limited

Uppingham Yarns Ltd from Rutland UK: a small, active company established 44 years ago in 1980, employs five people, and boasts a stellar 5.0 Google rating from 37 reviews. It’s a real address with two directors and one owner. The company regularly imports wool and animal hair products, with five months of import activity recorded as of December 2024.

The business operates a comprehensive online store, wools.co.uk, offering a vast selection of yarns, knitting supplies, and spinning fibres. The website is well-organized, with categories ranging from natural fibres like cotton and linen to synthetic options like acrylic and polypropylene. It also caters to specific techniques like hand knitting, machine knitting, weaving, and spinning. The site's extensive product range and detailed descriptions suggest a deep understanding of the textile industry. It's a well-stocked online shop.

Financially, Uppingham Yarns Ltd shows some concerning trends. Cash bank on hand has plummeted by 75%, dropping to £5,800, while trade debtors have decreased significantly, down 88% to just £240. Creditors, however, have risen by 11%, reaching £93,000. Net assets have also declined by 9.3%, falling to £340,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the sharp decrease in cash reserves and increase in debt warrants attention. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Despite these financial challenges, Uppingham Yarns Ltd maintains a strong online presence and a loyal customer base. The company's longevity and positive reviews suggest resilience, but careful management will be needed to navigate the current economic climate.

Registered in England/Wales under the registration number 01522960, with a registered address at LE15 9QL, Rutland, 30 North Street East, Uppingham.

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