Allsave Textiles Limited

Allsave Textiles Ltd, based in Sutton-In-Ashfield, UK, is a small holding company with an active status. Established 14 years ago in 2010, it employs five people and holds assets valued at £598,240. The company has five directors and one owner, with a real registered address. It regularly imports knitted or crocheted fabrics (73 months, last import February 2025) and exports them too (5 months, last export November 2022).

The company’s website reveals its primary business: supplying invisible lining materials to furniture manufacturers. They focus on high-quality products in various materials, colours, and thicknesses, offering both immediate delivery and collection from their central warehouse near the M54 motorway. They also have a showroom in Harrods, London. Their website also features a section on piano restoration.

Financially, Allsave Textiles Ltd shows some concerning trends. While current assets increased by 19% to £600,000, net assets decreased by 10% to £97,000. Bank borrowings decreased by 34% to £26,000, and cash reserves increased dramatically by 60,000% to £120,000. Creditors decreased by 28% to £490,000. The company qualifies as small (meeting two of three criteria: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). There is no mention of an auditor, which is likely due to its small size.

The sharp decrease in net assets, despite increased cash reserves, suggests the company may be investing heavily or facing increased expenses. The decrease in creditors could indicate better debt management, but the overall picture requires closer scrutiny.

Registered in England/Wales under the registration number 07280877, with a registered address at NG17 2TL, England, Sutton-In-Ashfield, Nottinghamshire, Unit 1 Maycroft Gardens, Huthwaite.

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