Woolovers Limited

Woolovers Ltd from Burgess Hill, UK, is a large company holding significant assets and boasting a 27-year history. With 196 employees and £21,099,000 in assets, it’s a well-established player in the UK market. The company, active since its founding in 1997, has three directors and one owner, and currently holds a 3.0 Google rating from 174 reviews. Woolovers is a regular importer and exporter of clothing and accessories made by knitting or crocheting, with 928 months of import activity and 292 months of export activity recorded.

The company operates in the retail sale via mail order houses or via internet industries, and its website, Woolovers.com, showcases a wide range of yarns, patterns, and knitting accessories. It’s clear that Woolovers caters to the knitting and crafting community, offering both online retail and a curated selection of products. The site’s design is clean and user-friendly, suggesting a focus on customer experience.

Financially, Woolovers Ltd shows some interesting trends. While current assets increased by 12% to £21,000,000, net assets rose by a substantial 35% to £12,000,000. However, bank borrowings decreased by a dramatic 100%, leaving the company with no outstanding loans. Cash reserves fell 80% to £1,300,000, which could be due to increased investment in inventory or marketing. Trade debtors decreased by 49%, suggesting improved collection of payments. Interestingly, administrative expenses increased by 11%, which might reflect rising operational costs. The company’s size (meeting two of three criteria for a large company) gives it some flexibility, but the significant drop in cash reserves warrants attention. The financial statements were audited by Moore Kingston Smith LLP.

Overall, Woolovers Ltd appears to be a financially stable company with a strong brand and a loyal customer base. The decrease in cash reserves is something to keep an eye on, but the company’s overall performance suggests a healthy and sustainable business model.

Registered in England/Wales under the registration number 03445676, with a registered address at RH15 9NB, Burgess Hill, West Sussex, Wool Overs House, Victoria Gardens.

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