Willowcraft Ltd

Willowcraft Ltd, based in East Kilbride, UK, is a small, active company established twelve years ago in 2012. Employing six people and holding £261,984 in assets, it operates from a real address and is managed by two directors and two owners. The company is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with just two months of import activity recorded as of July 2022.

The business operates in the retail of furniture, lighting, and similar items, catering to specialised store industries. Its website, though non-existent, suggests a focus on quality and craftsmanship. The company is registered with Companies House under the number SC437722 and is a private limited company.

Financially, Willowcraft Ltd’s performance shows some concerning trends. Current assets have decreased by 14%, dropping to £260,000, while net assets have plummeted 63%, settling at £58,000. Bank borrowings have also decreased by 28%, reaching £26,000, and cash reserves have fallen by 17%, settling at £110,000. Creditors, however, have increased significantly by 53%, reaching £190,000, which could indicate increased reliance on credit. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the substantial drop in equity is a cause for concern. No auditor is mentioned, likely due to the company's exemption status as a small entity.

Overall, Willowcraft Ltd seems to be facing financial headwinds. While its niche import business and specialised retail focus may offer some resilience, the declining equity and rising creditors suggest a need for careful financial management. The company’s future hinges on its ability to navigate these challenges and maintain its focus on quality and customer satisfaction.

Registered in Scotland under the registration number SC437722, with a registered address at G74 1PW, Scotland, East Kilbride, 8 Lithgow Place.

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