Acs Clothing Limited

Acs Clothing Ltd from Motherwell UK: a large company, holding company, active status, founded 27 years ago, employing 148 people, holding £1,938,061 in assets, with a real address, four directors, and one owner, boasts a Google rating of 4.0 based on 41 reviews. The company regularly imports clothing and accessories (excluding knitted or crocheted items) – a trend spanning 56 months – and exports leather goods, travel bags, and animal harnesses for 10 months.

The company’s website reveals a fascinating shift from traditional clothing retail to a circular economy model. Acs Clothing isn’s just selling clothes anymore; it’s enabling fashion brands and retailers to join the circular economy. The site highlights its services: processing orders, managing stock (currently holding a significant capacity), and cleaning garments—even using a pioneering ozone cleaning method. They're clearly focused on reverse logistics, taking care of the entire process for brands looking to extend the life of their products. It's a move away from simple sales and towards a more sustainable and service-oriented business.

Financially, Acs Clothing Ltd presents a mixed picture. While the company’s net assets remain strong at £3.2 million, current assets have fallen by a substantial 35% to £1.9 million. Bank borrowings have increased significantly, by 110%, reaching £2.8 million, and cash reserves have also declined by 77% to £220,000. Creditors have also increased by 38%, to £5.9 million, suggesting a greater reliance on trade credit. The company’s average number of employees has decreased by 16%, from 150 to 120. Despite these challenges, the company’s turnover is reported to be over £36 million, and its balance sheet total is over £18 million, meeting the criteria for a large company. The company’s auditor, Consilium Audit Limited, has reported a strong opinion, and the company’s financial statements are unaudited.

The shift towards circular economy services, while promising, may be contributing to the increased borrowing and reduced cash reserves. Perhaps the company is investing heavily in infrastructure and personnel to support this new business model. It’s also possible that delayed customer payments are impacting cash flow, as trade debtors have increased. The decrease in employees could be due to restructuring or automation to improve efficiency. Overall, Acs Clothing Ltd seems to be navigating a period of transition, betting on a sustainable future while managing its short-term financial pressures.

Registered in Scotland under the registration number SC177997, with a registered address at ML1 4GP, Motherwell, Lanarkshire, 6 Dovecote Road, Holytown.

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