Cole Fabrics Plc

Cole Fabrics Plc, based in West Bridgford, UK, is a sizable company with a 37-year history, currently employing 71 people. The business holds £6,752,159 in assets and generates £13,107,465 in yearly revenue. It operates as a holding company and boasts a real address, managed by six directors and one owner, with a respectable Google rating of 4.0 based on six reviews. Cole Fabrics is a regular importer and exporter of special woven and decorative fabrics, with 425 months of import activity and 155 months of export activity.

The company's website highlights its core business: the production and supply of ribbons, bows, and embellishments. It also features a range of textile-based packaging solutions. The site emphasizes quality, competitive pricing, and a 30-day return policy, hallmarks of a modern retail operation. Cole Fabrics also operates Global Ribbons Italia, a subsidiary based in Italy, and several other associated companies.

Financially, Cole Fabrics Plc presents a mixed picture. While turnover remained steady at £13,107,465, net assets decreased by 17% to £5,900,000. Bank borrowings increased by 100% to £2,000,000, and cash reserves fell 20% to £3,000,000. Creditors increased by 20% to £1,500,000, suggesting a greater reliance on short-term financing. The company is classified as large, meeting two of three criteria: turnover exceeding £36 million and balance sheet total exceeding £18 million. The company's auditor is PKF Smith Cooper Audit Limited.

The trends suggest that while Cole Fabrics maintains a solid revenue stream, it’s facing increased financial pressure. The growth in borrowings and the decrease in cash reserves indicate a need for careful financial management. The company's long history and established market position, however, provide a foundation for continued success.

Registered in England/Wales under the registration number 02150561, with a registered address at NG2 6HF, West Bridgford, Nottingham, Romandus House, Ludlow Hill Road.

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