Aae Textiles Limited

AAE Textiles Limited is a small, active company based in Walsall, UK, founded seven years ago in 2018. With £222,183 in assets and a real registered address, it’s a solo-founded operation run by three directors and a single owner, Singh Harmanpreet. The business operates in the “other service activities n.e.c.” industries, and is a regular importer, with its top import category being Knitted or crocheted fabrics, totaling 3 months of imports, the latest in March 2024.

The company’s website, aae.co.uk, positions itself as a hub for associations, societies, and federations. It offers a range of resources, events, networking opportunities, and training programs designed to support association leaders and executives. The site highlights its annual World Congress, a major event in the association sector, and its Community Impact Wheel, a tool for measuring and improving member engagement. AAE also provides consultancy services, supplier showcases, and career guidance. It’s a busy site, with a lot going on.

Financially, AAE Textiles Limited shows a mixed picture. Current assets decreased by 19% to £220,000, while net assets increased by 150% to £120,000—a significant improvement. Bank borrowings disappeared completely, a positive sign, and cash reserves fell 57% to £22,000. Trade debtors increased by 6.4%, suggesting a possible increase in sales. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the drop in cash reserves should be monitored. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited director reports.

While the website suggests a thriving community and a diverse range of services, the financials reveal a company that’s managing its resources carefully. Whether it can sustain its growth and community engagement long-term remains to be seen, but for now, AAE Textiles Limited is betting on its expertise and network to drive success.

Registered in England/Wales under the registration number 11176783, with a registered address at WS4 2LA, England, Walsall, Office 1 21 Hatherton Street.

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