Anh Textiles Limited

Anh Textiles Limited, based in Bolton, UK, is a small, active company founded six years ago. It holds £390,643 in assets and operates from a real address, managed by one director and a single owner who is also the solo founder. The company primarily engages in retail sales via mail order and internet, catering to a diverse range of textile products.

The company’s website, MaiAnhTextile, showcases a wide array of products including kitchen towels, bath towels, hand towels, and storage boxes. It appears to be an export-oriented business, with its registered address in Vietnam and a phone number listed as +84 332 663 116. The website highlights production processes and factory details, suggesting a focus on quality and manufacturing. The site also features a blog with content about the company and its products, aiming to engage potential customers.

Financially, Anh Textiles Limited presents a mixed picture. While current assets increased by a substantial 280% to £390,000, equity declined significantly by 110% to just £660. Bank borrowings decreased by 26% to £24,000, and cash reserves fell by 30% to £17,000. Creditors surged dramatically by 350%, reaching £370,000, which could indicate increased reliance on trade credit. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp drop in equity is a concern. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, Anh Textiles Limited seems to be navigating a period of growth but also facing financial pressures. The increase in creditors suggests the company is expanding its operations, but the decline in equity warrants close monitoring.

Registered in England/Wales under the registration number 11621948, with a registered address at BL6 4PP, England, Bolton, 3 Sudbury Drive, Lostock.

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