Clothworks (derby) Limited

Clothworks Derby Ltd, based in Derby, UK, is a small, active company established 36 years ago. With eight employees and £52,841 in assets, it operates from a virtual address, a detail worth noting as 65 companies share the same location. The business is led by a single director and owner, Allen Paul Robert, who also serves as the managing director. Google reviews give it a perfect 5.0 rating based on one review, highlighting its reputation. The company regularly imports special woven and decorative fabrics, with the latest activity recorded in October 2024.

Clothworks Derby Ltd’s website showcases a range of products, including pattern books, swatch books, and various presentation boards. The site is clearly geared towards a B2B audience, offering components and supplies for fabric and textile-related businesses. There’s no obvious e-commerce functionality, suggesting the company primarily operates through direct sales or distribution channels. The site’s structure and product offerings point towards a business supplying materials and components to other manufacturers or retailers.

Financially, Clothworks Derby Ltd presents a mixed picture. Cash bank on hand has vanished completely, a significant drop from the previous year. Trade debtors have increased dramatically, suggesting a reliance on customer payments, while creditors have decreased slightly. Equity has taken a considerable hit, dropping by a staggering 2700%. Despite these challenges, the company's small size—meeting two of three criteria for a small business—allows for flexibility. The lack of an auditor mentioned likely reflects its exemption as a small company, meaning the financial statements are unaudited.

Overall, Clothworks Derby Ltd appears to be navigating a period of financial strain. The sharp decline in cash reserves and equity is concerning, but the company's established presence and niche product offering could provide a foundation for recovery. The company's reliance on customer payments, as indicated by the increase in trade debtors, warrants close monitoring.

Registered in England/Wales under the registration number 02290106, with a registered address at DE1 2RJ, Derby, The Mills, Canal Street.

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