Blue Ocean Textile Ltd

Blue Ocean Textile Ltd, based in Newcastle Upon Tyne, UK, is a small, active company founded ten years ago. With five employees and £48,396 in assets, it’s a solo-founded operation led by a single director and owner. The company is a regular exporter of ceramic products, having exported for 52 months, with the latest activity in February 2025. However, it's an irregular importer, having imported iron or steel products just once in June 2022.

The company operates a dual business model, as evidenced by its website. Primarily, Blue Ocean Textile runs “Cash for Clothes,” buying used clothing, shoes, accessories, and bric-a-brac from the public. It has a shop in Gateshead and also specializes in wholesale clearance clothing, exporting to various retailers and online traders. Notably, it sources clothing originally produced for well-known brands like George, Papaya, Matalan, and Primark. A separate section of the website, “Blue Ocean Textile,” highlights a more specialized business: selling high-quality, original-label fashion clothing.

Financially, Blue Ocean Textile Ltd presents a mixed picture. While current assets increased by 27% to £48,000, net assets declined by 73% to £20,000. Bank overdrafts decreased by 27% to £26,000, and cash reserves surged by 200% to £44,000. However, trade debtors plummeted by 82%, indicating a significant drop in outstanding customer payments. Creditors increased by 55% to £61,000, and net current liabilities ballooned to -£12,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it is exempt from an audit, and the figures are unaudited.

The sharp decline in debtors suggests potential issues with collecting payments, while the increase in creditors could indicate reliance on short-term financing. The company's dual business model, combining retail and wholesale operations, may be contributing to its financial complexity. It is likely that the business is working hard to maintain its cash flow, but the figures show a need to carefully manage its liabilities.

Registered in England/Wales under the registration number 09417804, with a registered address at NE15 9QU, United Kingdom, Newcastle Upon Tyne, 232 Hexham Road.

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