Benmar Textiles Limited

Benmar Textiles Ltd, a Manchester-based company, is a small, active business established 66 years ago. With 12 employees and £4,695,442 in assets, it’s a long-standing family operation led by three directors and a solo founder, Seitler Michael Philip. The company regularly imports and exports man-made staple fibers, demonstrating a consistent presence in the textile trade for 157 months of imports and 39 months of exports.

Benmar Textiles operates as a wholesale fabric specialist, catering to the fashion trade and online distributors. Its website, infobenmartextiles.co.uk, highlights its family-run nature and commitment to providing high-quality fabrics from around the world. The business emphasizes a trade-only approach, requiring clients to create accounts before placing orders. The site also showcases a wide range of fabrics and designs, with a focus on staying up-to-date with the latest trends.

Financially, Benmar Textiles shows a mixed picture. Current assets decreased by 9% to £4,600,000, while net assets declined by 5% to £5,500,000. Bank borrowings decreased by 28%, suggesting improved financial management. Trade debtors fell by 35%, which is a good sign. However, cash reserves decreased by 10% to £820,000. 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 it to remain nimble, but the slight decrease in cash reserves warrants monitoring. The company’s financial statements are unaudited, likely due to its status as a small company.

Overall, Benmar Textiles Ltd appears to be a stable, established business navigating the challenges of the textile industry. Its long history, dedicated workforce, and focus on customer service position it well for continued success, although close attention to cash flow will be important going forward.

Registered in England/Wales under the registration number 00618307, with a registered address at M8 8AQ, England, Manchester, Benmar Textiles, Cheetwood Road.

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