Concept Iii Textiles International Limited

Concept Iii Textiles International Limited, based in Leeds, UK, is a small, holding company with an active status. Founded 26 years ago in 1998, it employs just two people and holds £113,525 in assets. The company, with three directors and one owner, operates from a real address shared by only two other businesses, and regularly imports knitted or crocheted fabrics—the last import recorded six months ago in March 2020.

The company's website is non-existent, which makes it difficult to ascertain exactly what they do. However, the report indicates they operate in the wholesale of textiles, and act as agents involved in the sale of textiles, clothing, fur, footwear, and leather goods.

Financially, Concept Iii Textiles International Limited is showing some concerning trends. While the company is small, meeting two of three conditions to be classified as such (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its financial health is questionable. Cash bank on hand has fallen by a significant 58%, dropping to £51,000, and current assets have decreased by 55% to £110,000. Creditors have also fallen by 64%, to £69,000, which could be a positive sign of improved debt management, but the sharp decline in equity—down 25% to £45,000—is a cause for concern. Bank borrowings have also decreased, but the overall picture suggests the company is burning through cash. The lack of an auditor mentioned likely means the accounts are unaudited.

The company’s reliance on imports, particularly given the recent global supply chain disruptions, may be a vulnerability. While the holding company structure suggests a broader business strategy, the limited financial data paints a picture of a small operation facing financial pressure.

Registered in England/Wales under the registration number 03637154, with a registered address at LS20 8NH, England, Leeds, West Yorkshire, Organia House Bradford Road, Guiseley.

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