Ash 59 Ltd

Ash 59 Ltd, based in Leicester, UK, is a small, active company founded eight years ago. With a single employee and £91,039 in assets, it operates from a real address and is overseen by one director and two owners. The company’s status is active. It’s an irregular importer, specializing in machinery, boilers, and mechanical appliances – parts, with the last import operation occurring in June 2024. Ash 59 Ltd primarily operates in the manufacture of other textiles n.e.c. industries.

The company’s website, Ash59 Ltd, showcases a fabric printing service, offering bespoke custom digital printing and a newsletter with exclusive discounts. It caters to a wide range of patterns, from abstract to tropical, and even allows customers to print their own designs. The site also features a sister website, Fabricsverse.com, which focuses on selling fabrics. The site offers print-on-demand wholesale fabric services and boasts a UK-based production facility. It has a large collection of in-house designs and offers fast delivery.

Financially, Ash 59 Ltd presents a mixed picture. Cash bank on hand decreased by 24% to £42,000, while current assets increased by 54% to £91,000. However, net assets plummeted 390% to £11,000, and bank borrowings decreased by 74% to £10,000. Trade creditors increased dramatically by 1400% to £20,000. The company’s small size—meeting two of three criteria for a small company—helps it stay flexible. Average number of employees during the period increased by 300% to four. It’s worth noting that the company’s equity has improved significantly, moving from a negative balance to a positive one. The company is exempt from audit, so the figures are unaudited.

Despite the improvements, the increase in trade debtors by 45000 suggests that the company may be struggling to collect payments from customers. The company’s financial health is still a little uncertain, but the increased assets and improved equity suggest that it is on the right track.

Registered in England/Wales under the registration number 10633441, with a registered address at LE4 0AA, United Kingdom, Leicester, Unit B, 15 Abbey Gate.

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