Acp Textile (uk) Limited

Acp Textile Uk Ltd from Chorley, UK, is a small, active company founded eleven years ago in December 2013. With just one employee and £450,608 in assets, it operates from a virtual address – a detail flagged by the fact that fifty-five companies are registered at the same location. The company is managed by one director and one owner, with Pandya Abhishek Chintuprasad at the helm. It's a regular importer, bringing in various textile products, sets, used clothing, and rags for a substantial 50 months, with the most recent import occurring in November 2024.

The company’s activities encompass wholesale of textiles, household goods, and retail sales via mail order and internet. It’s a small business, meeting two of the three conditions for classification: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The website is not available, so it’s difficult to determine if it’s an e-commerce operation, but the business seems to be focused on wholesale and distribution.

Financially, Acp Textile Uk Ltd presents a mixed picture. Current assets have increased by 53%, reaching £450,000, while net assets have decreased by 83%, falling to £5,000. Bank borrowings have also decreased, dropping by 34% to £19,000. Creditors have increased significantly, rising by 200% to £360,000, which could indicate increased purchasing activity or potentially, difficulties managing payments. Cash reserves have fallen dramatically, dropping 96% to just £58, a worrying trend. Trade debtors have increased by 27%, suggesting a possible delay in customer payments. The company's small size exempts it from an audit, so the figures are unaudited.

The significant drop in equity, despite increased assets, suggests the company is burning through cash or facing increased expenses. While the increased import activity points to ongoing business, the financial data raises concerns about its long-term sustainability. The reliance on a virtual address and the lack of a visible online presence also warrant further investigation.

Registered in England/Wales under the registration number 08818126, with a registered address at PR7 1JE, England, Chorley, 41 St. Thomas's Road.

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