Best Textile Uk Limited

Best Textile UK Limited, based in Liverpool, is a small, active company founded nine years ago in 2015. With a real address and a single director and owner – solo founder Inanc Ugur – the firm holds £81,951 in assets and employs just one person. It’s a regular importer, primarily bringing in textile products, clothing, used clothing, and rags, with 17 months of import activity recorded, the latest in August 2024.

The company operates as an agent involved in the sale of textiles, clothing, fur, footwear, and leather goods, specializing in custom-made, high-quality textile products. Its website highlights a focus on promotional products, offering a wide range of fully customizable items like towels, bathrobes, blankets, and t-shirts, catering to businesses looking to strengthen their brand. The company manages freight and logistics, ensuring efficient delivery. It also boasts a Turkish head office and emphasizes sustainability, detailing a production process from mock-up visuals to final despatch.

Financially, Best Textile UK Limited presents a mixed picture. Cash bank on hand dropped by a significant 48% to £20,000, while bank borrowings decreased by 19% to £28,000. Creditors saw a dramatic shift, with a 380% increase within one year, reaching £49,000. Current assets, however, jumped by a substantial 320% to £82,000, and trade debtors increased by 440% to £62,000. 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 for agility, but the fluctuating creditor and debtor numbers suggest potential cash flow challenges. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

While the company’s website showcases a focus on custom textile solutions and brand promotion, the financial data reveals a startup navigating early-stage pressures. Whether the company can maintain its growth trajectory and manage its cash flow remains to be seen.

Registered in England/Wales under the registration number 09707869, with a registered address at L3 9QJ, England, Liverpool, The Plaza 100, Old Hall Street.

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