Concept Fabrics Limited

Concept Fabrics Limited, based in Keighley, UK, is a small, active company founded nineteen years ago in December 2005. With just two employees and £163,674 in assets, it’s a lean operation run by two directors and a solo founder, Andrew Smith. The company has a real registered address and operates in the wholesale of textiles industries. It’s a regular importer of man-made filaments and related materials, with 28 months of import activity recorded, the latest in December 2024.

The company’s website is minimal, providing little insight into its operations beyond its core wholesale activity. There’s no visible e-commerce presence, suggesting a business-to-business model focused on supplying textile manufacturers or retailers. It’s a fairly simple site, not particularly modern, but functional.

Financially, Concept Fabrics Limited presents a mixed picture. Current assets have decreased by 11% to £160,000, while net assets have increased slightly by 1.6% to £240,000. Cash bank on hand has plummeted a significant 80% to just £13,000 – a worrying trend. Creditors have also seen a substantial decrease, with both short-term and long-term obligations reduced, which is a positive sign. However, net current liabilities have swung into negative territory, dropping by 280% to -£26,000, indicating a potential cash flow challenge. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in cash reserves warrants attention. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Concept Fabrics Limited appears to be navigating a period of adjustment. While debt management seems to be improving, the significant drop in cash reserves suggests a need for careful financial planning – and maybe a bit of luck.

Registered in England/Wales under the registration number 05661617, with a registered address at BD21 4WD, England, Keighley, West Yorkshire, Unit 9 Parkwood Business Park, Parkwood Street.

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