Ashfield Mill Co Limited

Ashfield Mill Co Limited is a small, active holding company based in Burnley, Lancashire, UK. Founded seventeen years ago in January 2008, it employs just one person and has a real registered address. The company is overseen by one director and one owner, though the owner list changed two years ago. Ashfield Mill Co Limited operates as a holding company, overseeing John Spencer (textiles) Limited and Ian Mankin Limited.

The company is a regular importer, bringing in various natural fibers, paper yarn, and fabrics made from paper yarn—the last import was in March 2024. It also exports cotton products, with the last export operation occurring in April 2024. The company’s activities are described as “other holding companies n.e.c.” industries.

Financially, Ashfield Mill Co Limited presents a mixed picture. While assets remain steady at £640,000, net current assets have declined, falling by 8.2% to -£1.1 million. Bank borrowings have increased significantly, rising by 2,400% to £29,000, and cash reserves have plummeted 30% to £28,000. Creditors, however, have decreased by 16%, suggesting improved debt management. The company meets two of the three criteria to be considered small—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Accumulated depreciation impairment property plant equipment has remained constant at £140,000. Amounts owed by related parties are also unchanged at £340,000.

The company’s retained earnings have increased substantially, jumping 230% to £130,000. However, the significant increase in bank borrowings and the decrease in cash reserves suggest the company may be burning through money. There is no auditor mentioned, which is typical for a small company. The company’s financial health is a little concerning, but it’s important to remember that it’s a small business, and these fluctuations are not uncommon.

Registered in England/Wales under the registration number 06484051, with a registered address at BB11 1BS, Lancashire, Ashfield Mill, Active Way, Burnley.

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