Andersen Textiles Ltd

Andersen Textiles Ltd from Manchester UK: a small, active company established 24 years ago, employs 16 people, and holds £1,248,192 in assets. It's a family business with a real address and three directors overseeing operations, owned by Khan Mir Tazamal and Khan Mir Mazamal. The company runs an e-commerce site and regularly imports and exports various textile products, used clothing, and rags—19 months of exports recorded as of February 2025.

The business operates within the manufacture of soft furnishings industries, and its website, while not detailed, suggests a focus on wholesale and potential B2B sales. The company's location in Manchester places it within a historically significant textile hub, offering access to skilled labor and established supply chains.

Financially, Andersen Textiles Ltd appears stable, but with some areas for attention. Cash bank on hand remains strong at £550,000, and current assets are at £1,200,000. However, net assets have increased by 11% to £810,000. Trade debtors are steady at £40,000, and creditors are at £630,000. Dividends paid were £17,000. The company meets the criteria for a small business – turnover less than £10.2 million, assets under £5.1 million, and fewer than 250 employees. There’s no auditor mentioned, which is common for small companies.

While the company’s financial position isn’t alarming, the increase in net assets suggests that the business may be reinvesting profits or experiencing a period of growth. The consistent import and export activity, coupled with the family-run structure, indicates a well-established operation. The lack of employee growth, however, could be a deliberate strategy to maintain efficiency or a sign of limited expansion. It’s possible that the company is focusing on streamlining operations and maximizing profitability rather than aggressively pursuing new markets.

Registered in England/Wales under the registration number 04203564, with a registered address at M8 8HX, Manchester, Lancashire, Style House 63 Knowsley Street, Cheethamhill.

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