Bowland Fabrics Limited

Bowland Fabrics Ltd from Monmouth UK is a small, active company founded 12 years ago. It employs just one person and holds £29,065 in assets, operating from a real address. With a single director and owner, Miles Petra, the company is an irregular importer of special woven and decorative fabrics, with just two months of import activity recorded as of August 2017. The company operates in the agents involved in the sale of textiles, clothing, fur, footwear and leather goods industries.

While it’s a small operation—meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees)—Bowland Fabrics Ltd’s financial picture is a bit concerning. Current assets have decreased by 13%, dropping to £29,000, and net assets have fallen a more significant 31%, settling at £7,700. Cash reserves have also declined by 15%, leaving just £21,000. On the plus side, creditors have decreased slightly, suggesting improved debt management. Bank overdrafts remain steady at £390.

The company’s equity has taken a hit, dropping 32% to £7,600, which could indicate reinvestment in the business or perhaps a period of reduced profitability. Trade debtors have also decreased slightly, down 7%. The lack of employees (just one reported) keeps overheads low, but the overall trend suggests the company is burning through cash. With no auditor mentioned (likely exempt as a small company), the financial statements are unaudited.

It's clear that Bowland Fabrics Ltd is facing some financial pressure, despite its small size and real address. The company's irregular import activity and focus on a niche market may be contributing factors.

Registered in England/Wales under the registration number 08413442, with a registered address at NP25 5AY, Wales, Monmouth, 24 Rolls Avenue.

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