Bingley Textile Supplies Limited

Bingley Textile Supplies Ltd, based in Keighley, UK, is a small, active company established 20 years ago. With 12 employees and £379,146 in assets, it operates from a virtual address, managed by six directors and a single owner. The company’s core business involves the irregular import of man-made filaments and related materials, with the last import occurring two months ago. It also exports textile padding, felt, nonwoven fabrics, special yarns, ropes, and cables, although this activity has been irregular, with the last export taking place a year ago.

The company's website highlights its role as a manufacturer of piping cord, a niche product within the textile industry. Bingley Textile Supplies Ltd has been a family-run business for over 40 years, specializing in high-quality products and short lead times. The website also mentions a focus on bespoke winding services and a reputation for manufacturing high-quality threads and piping cords. They even cater to the bedding industry, offering a wide range of cords and sewing threads.

Financially, Bingley Textile Supplies Ltd’s numbers show a mixed picture. Cash reserves increased by a significant 55%, reaching £150,000, a positive sign. However, net assets decreased by 10%, falling to £250,000. Bank borrowings were reduced by 56%, sitting at £7,800. Trade creditors increased by 39%, reaching £31,000, and trade debtors increased by 44%, reaching £18,000. The company’s small size – meeting two of three criteria for being a small company – allows for agility, but the decrease in net assets could indicate some financial strain. The lack of an auditor mentioned suggests the company is exempt as a small company, relying on unaudited statements.

Overall, Bingley Textile Supplies Ltd seems to be navigating a competitive market, focusing on its niche product and maintaining a family-run operation. Whether the company can sustain its growth and profitability remains to be seen, but its focus on quality and customer service provides a solid foundation.

Registered in England/Wales under the registration number 05233328, with a registered address at BD21 4BZ, England, Keighley, West Yorkshire, Suite 3, Aireside House Aireside Business Centre, Royd Ings Avenue.

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