Wolsey Limited

Wolsey Ltd from Cheadle, UK, is a small, active company founded 28 years ago in 1996. With seven employees and £1,357,000 in assets, it operates from a virtual address, managed by three directors and a single owner. The company regularly imports and exports clothing and accessories made by knitting or crocheting—135 months of imports and 57 months of exports recorded, with the last import in January 2025 and the last export in January 2020.

The company’s website, Wolsey Mortgage and Financial Solutions, reveals a completely different business. It’s a mortgage brokerage offering a wide range of services, from first-time buyer advice to specialist lending, including buy-to-let mortgages and equity release. The site emphasizes personalized service, with advisors meeting clients at convenient times and places. It even boasts a 90-year combined experience within the team. The website is clearly focused on building trust and providing expert guidance in the complex world of mortgages and insurance.

Financially, Wolsey Ltd’s recent report shows some concerning trends. Current assets have fallen by a significant 44%, dropping to £1.4 million. Net assets have also decreased, falling 13% to -£25 million. Cash reserves have plummeted 1100%, leaving just £39,000 in the bank. Creditors have surged by a massive 160%, reaching £1.1 million, and bank borrowings have increased by 2400%, reaching £29,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity is a red flag. The report is unaudited, as is typical for small companies.

While the mortgage brokerage appears to be operating, the financial data suggests Wolsey Ltd is burning through money. The company’s reliance on creditors and the significant decrease in cash reserves raise questions about its long-term sustainability. It’s clear that the business needs to address these financial pressures to ensure its continued success.

Registered in England/Wales under the registration number 03246062, with a registered address at SK8 6GN, England, Cheadle, Suite 7a, No 1 The Courtyard Earl Road, Cheadle Hulme.

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