Aldcrest Limited

Aldcrest Ltd from Ilford UK: a small company with an active status, was founded 51 years ago in 1973, and currently employs just one person. The company holds £24,639 in assets, operates from a real address, and is overseen by three directors and one owner. It's a regular importer, specializing in special woven and decorative fabrics, with 62 months of import activity recorded, the last operation made on October 01, 2024.

Aldcrest Ltd functions as a directory and networking platform for African tailors and fabric shops. Its website, "L'Annuaire des Tailleurs Couturiers Africains," serves as a comprehensive resource, connecting customers with couturiers and fabric suppliers across Africa and internationally. The site categorizes businesses by location (spanning countries like Algeria, France, Nigeria, and the USA) and product type (accessories, fabrics, ready-to-wear, and more), offering a valuable service to those seeking African fashion and textiles. The website also features a newsletter signup and partnership contact information.

Financially, Aldcrest Ltd’s recent performance presents a mixed picture. Current assets have declined by 35%, dropping to £25,000, while net assets have also decreased, falling 20% to -£43,000. Cash reserves have improved slightly, rising 28% to £5,600, but bank borrowings have increased by 2400%, reaching £29,000. Creditors have also decreased by 52%, which could be a positive sign of better debt management. As a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it benefits from flexibility, but the significant equity decline raises concerns about its long-term sustainability. The accounts are unaudited, and no auditor is mentioned, relying on director-reported data.

Despite the financial challenges, Aldcrest Ltd's niche platform appears to be thriving, connecting a global community of African fashion enthusiasts. Whether it can sustain its operations and navigate the financial pressures remains to be seen, but its unique offering provides a strong foundation for future growth.

Registered in England/Wales under the registration number 01142248, with a registered address at IG5 0EB, England, Ilford, 15 Longwood Gardens.

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