Wool Warehouse Direct Limited

Wool Warehouse Direct Ltd, based in Leamington Spa, UK, is a sizable company with an active status, celebrating thirteen years since its establishment in 2012. Employing eighty-one individuals, the company holds assets totaling £10,676,685 and operates from a real address, managed by two directors, although no owners are officially listed. As an e-commerce site with a stellar 5.0 Google rating from 732 reviews, Wool Warehouse specializes in the import of wool and animal hair products (107 months) and occasionally exports man-made staple fibers (2 months).

The company’s website showcases a vast selection of knitting and crochet supplies, from yarns and needles to patterns and fabric. It offers a wide range of brands, including Anchor, Baa Ram Eew, and King Cole, catering to both beginner and experienced crafters. The site’s currency conversion tool and 23-day dispatch delay notice highlights the complexities of international e-commerce.

Financially, Wool Warehouse Direct Ltd presents a mixed picture. While average employee numbers increased by 7.4%, indicating growth, accrued liabilities decreased by 41%, and cash bank on hand increased by a substantial 40%. However, administrative expenses rose by 17%, and net assets declined by 57%, a significant drop. Interestingly, corporation tax payable increased by a whopping 280%, suggesting a larger tax burden. Despite these challenges, the company’s ability to maintain a strong online presence and a high customer rating suggests resilience. The lack of an auditor mentioned in the report indicates that the company is likely exempt from external audit requirements, relying on unaudited financial statements. The increase in cash reserves and interest income, however, could indicate a strategic shift towards more conservative financial management.

Registered in England/Wales under the registration number 07970662, with a registered address at CV31 1XB, Leamington Spa, Warwickshire, 12 Longfield Road, Sydenham Industrial Estate.

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