Ysolda Ltd

Ysolda Ltd from Edinburgh UK: a small, active company founded eight years ago, employs two people, and holds £156,550 in assets. It's a solo founder operation with two directors, operating a real address and an e-commerce site. The company is an irregular importer of wool and animal hair products, with just one month of imports recorded back in 2019.

Ysolda.com is the online home for contemporary knitwear design, offering patterns, tutorials, and workshops. The site features a wide range of knitting patterns, from sweaters and shawls to hats and socks, catering to knitters of all skill levels. It also offers online courses and a learning community, The Knitwork, providing support and inspiration for its customers. The website’s design is clean and modern, with high-quality photography showcasing the finished products.

Financially, Ysolda Ltd presents a mixed picture. Cash reserves increased by a substantial 44% to £150,000, a positive sign of improved liquidity. However, net assets also rose by 85% to £93,000, which is a good thing. Bank borrowings decreased by 38%, which is also good. Creditors, however, increased by 53%, suggesting a reliance on short-term financing. 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 increase in creditors could indicate a need for careful cash flow management. No auditor is mentioned, likely due to the small company exemption. Overall, Ysolda Ltd seems to be growing, but keeping a close eye on its short-term liabilities will be important.

Registered in Scotland under the registration number SC560910, with a registered address at EH6 5DT, Scotland, Edinburgh, 130 Leith Walk Suite 11 The Red Sandstone, 130 Leith Walk.

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