Wisepenny Ltd

Wisepenny Ltd is a small, active company based in London, UK, founded three years ago in December 2021. It’s a solo founder operation with two directors, and holds £26,883 in assets. The company operates from a virtual address, registered at a location shared by over 91,000 other businesses, suggesting a shared office space or similar arrangement. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Wisepenny Ltd specializes in embroidery and custom apparel, operating as Wisepenny Embroidery Manchester. Its website showcases a range of services, from design and digitizing to full-scale embroidery, catering to both individual and commercial clients. The business offers a “limited time offer” of free digitizing and setup for orders over 100, and free delivery for orders exceeding £250, indicating a focus on volume and customer incentives. The website also highlights a portfolio of work, including custom t-shirts, polo shirts, and other embroidered garments, with a focus on providing professional services and customization options. It’s a family-owned business serving the entire country from Manchester.

Financially, Wisepenny Ltd presents a mixed picture. Cash bank on hand increased significantly by 530% to £25,000, which is good news, but accrued liabilities rose by 100% to £1200. Loans from directors increased by 50% to £49,000, and net assets decreased by 8.6% to -£11,000. While total inventories decreased by 42%, creditors increased by 51%. The company’s small size helps it remain flexible, but the decline in equity is something to watch. There was no auditor mentioned, so the accounts are unaudited.

Overall, Wisepenny Ltd seems to be navigating the challenges of a small business, with a focus on providing custom embroidery services. The increase in cash is encouraging, but the rising liabilities and declining equity suggest it's burning through money. It's a bit of a tightrope walk, but the company’s focus on quality and customer service could help it weather the storm.

Registered in England/Wales under the registration number 13821229, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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