Wovenhill Ltd

Wovenhill Ltd from Stockport UK: a small holding company with an active status, was founded 23 years ago. The company employs just two people and holds assets valued at £120,248. It operates from a real address and is overseen by two directors and one owner, running an e-commerce site and regularly importing furniture, lighting, and prefabricated buildings – a total of 25 months of import activity.

The company’s website, wovenhill.co.uk, showcases a wide range of storage solutions, including log baskets, hampers, trunks, and garden accessories. It emphasizes handwoven natural rattan and rustic bamboo designs, catering to a diverse range of styles and budgets. The site highlights new arrivals, seasonal trends, and offers practical storage ideas, demonstrating a focus on both aesthetics and functionality. The site is well-designed and clearly geared towards online retail.

Financially, Wovenhill Ltd presents a mixed picture. Current assets have decreased significantly by 47%, dropping to £120,000. Net assets have also seen a substantial decline, falling 92% to just -£5,000. Cash reserves have decreased by 38%, sitting at £49,000. However, creditors have also decreased by 58%, suggesting some improvements in managing short-term liabilities. The company’s small size—meeting two of three conditions for being considered small—allows for flexibility, but the sharp decline in equity is concerning. The company’s auditor, Azets Audit Services, has reported an unqualified opinion.

Overall, Wovenhill Ltd appears to be navigating a challenging financial landscape. While its e-commerce operation seems active and well-presented, the significant equity decline warrants close attention. The company’s continued success will likely depend on its ability to maintain a strong online presence and effectively manage its financial resources.

Registered in England/Wales under the registration number 04220236, with a registered address at SK4 2JZ, England, Stockport, Unit D6 Stockport Trading Estate, Yew Street.

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