Cygnet Texkimp Limited

Cygnet Texkimp Ltd from Northwich UK: a large, family-run business founded 24 years ago, is a significant player in the textile machinery sector. With 72 employees and £9,326,000 in assets, the company operates as a holding company and boasts a perfect 5.0 Google rating based on two reviews. It’s a regular importer and exporter of machinery, boilers, and mechanical appliances, parts, with 51 months of import activity and 430 months of export activity. Nine directors and five owners guide the company, which has a real address and is active.

The company’s website reveals a specialized manufacturer of engineering solutions for the handling and processing of technical fibres. Cygnet Texkimp designs and builds creels, tyre cord creels, poly tape creels, and a range of converting, coating, and filament winding technologies. It also offers automation handling systems, recycling solutions, and even filament winding technologies, including high-speed and 3D winding machines. The company's website highlights its commitment to innovation and a busy research and development program at its Cheshire-based innovation centre. They even work with world-leading scientists and academics to develop new materials for automotive and aerospace applications.

Financially, Cygnet Texkimp Ltd shows a mixed picture. Current assets decreased by 5.1% to £9,300,000, while net assets fell 7.6% to £4,400,000. Bank borrowings have vanished completely, dropping 100% to zero—a positive sign. Creditors increased by 35% to £1,500,000, and cash reserves decreased by 6.1% to £4,300,000. The company’s large size (meeting two of three criteria for a large company) suggests a stable operation, but the decrease in cash reserves and increase in creditors may indicate tighter margins. The company’s financial statements were audited by MHA, and no mention of a senior statutory auditor was made. Overall, Cygnet Texkimp Ltd appears to be a well-established company facing typical challenges in a competitive market.

Registered in England/Wales under the registration number 04115619, with a registered address at CW9 6GG, Northwich, Cheshire, Swan House Kimpton Drive, Off Wincham Lane Wincham.

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