V & J Knitwear Limited

V & J Knitwear Limited, based in Kings Lynn, UK, is a small, holding company with an active status, celebrating 40 years in business. The company employs nine people and holds assets valued at £1,525,336. With four directors and one owner, and a stellar 5.0 Google rating from 33 reviews, it’s a well-regarded operation. Regular imports of footwear and related items have been recorded for eight months, with the latest activity in September 2024.

The company’s website, VJ Knitwear, positions itself as a leading supplier of PPE and workwear, emphasizing a “big enough to cope, small enough to care” ethos. It offers a wide range of products, including workwear, boots, PPE, first aid supplies, and janitorial products, with personalized embroidery and printing services available. The site also highlights a corporate range and school wear options. It’s clear the company is trying to be a one-stop shop for workwear and safety equipment.

Financially, V & J Knitwear Limited presents a mixed picture. Cash bank on hand has decreased significantly by 34%, dropping to £700,000. Current assets have also fallen by 25%, reaching £1,500,000. Trade debtors have decreased by 15%, and creditors have increased by 13%. A notable increase of 200% is seen in other creditors. However, the company’s net assets have plummeted by 31%, settling at £1,300,000. 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 flexible, but the sharp decline in equity raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, V & J Knitwear Limited appears to be navigating a period of financial pressure. The company’s focus on PPE and workwear, combined with its family-run ethos, suggests a commitment to quality and service. However, the declining equity and reduced cash reserves will need to be addressed to ensure long-term sustainability.

Registered in England/Wales under the registration number 01899193, with a registered address at PE30 4NG, Kings Lynn, Norfolk, Piper Road, Hardwick Narrows.

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