Yarn Collective Limited

Yarn Collective Ltd from London UK: a small, active company founded nine years ago, employs six people, and holds £372,752 in assets. It’s a real address with two directors and two owners, operating as a regular importer and exporter of special woven and decorative fabrics for 76 and 58 months respectively. The company's website showcases a wide range of textiles, categorized by color and material, suggesting a focus on wholesale distribution to retailers and designers. It also features a "Distribution Gallery" and "About" section, hinting at a brand identity and commitment to quality.

The website's layout and product presentation suggest an e-commerce focus, though it's likely the primary business model involves wholesale partnerships rather than direct-to-consumer sales. The site's design is clean and modern, with a focus on high-quality imagery of the fabrics—a key element in attracting buyers in the textile industry. There’s a Terms & Conditions page and a Trade section, indicating a business-to-business focus.

Financially, Yarn Collective Ltd shows a concerning trend. While assets remain at £370,000, net assets have fallen sharply, dropping 50% to £120,000. Cash reserves have also taken a hit, declining 81% to £19,000. Bank borrowings have increased significantly, jumping 2400% to £29,000. Trade debtors have also increased by 100%, suggesting difficulties collecting payments. Creditors have decreased by 30%, which is a positive sign. The company meets the criteria for a small company, and no auditor is mentioned, so the figures are unaudited.

Overall, Yarn Collective Ltd is facing financial headwinds. While its import and export operations remain active, the decline in cash reserves and increase in borrowings raise concerns about its long-term sustainability. The company’s small size provides agility, but the need to manage debt and maintain cash flow will be critical for its survival.

Registered in England/Wales under the registration number 09787627, with a registered address at W10 6BL, England, London, Unit Pl504 Pall Mall Deposit, 124-128 Barlby Road.

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