Davy Textiles Limited

Davy Textiles Ltd, based in Bradford, UK, is a small, active company founded 17 years ago. With 17 employees and £2,549,848 in assets, it operates from a real address and is overseen by five directors, although no owners are officially listed. The company regularly imports textile products, used clothing, and rags (44 months of import activity) and exports man-made staple fibers (142 months of export activity). Its website showcases a diverse range of technical fibers and yarns, from high-performance materials like Para Aramid and Carbon Fibre to more common options like Nylon and Polyester, catering to industries like body armor and technical textile applications. The company also offers recycling services, particularly for body armor, working with police and military organizations.

Davy Textiles' business model revolves around sourcing, processing, and distributing a wide array of fibers and yarns. The website highlights its expertise in technical fiber solutions, emphasizing its long history (since 1895) and global reach. The company’s website also details a recycling program for ballistic vests and body armor, indicating a commitment to sustainability and circular economy principles.

Financial data reveals a mixed picture. While cash reserves increased by 5.7% to £570,000, current assets declined by 12% to £2,500,000. Bank borrowings decreased significantly, with overdrafts falling by 53% to £42,000. However, creditors also decreased by 41%, suggesting a reduction in outstanding payments. Net assets fell by 4.6% to £1,500,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in net assets could indicate challenges in profitability. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Davy Textiles Ltd appears to be navigating a competitive market with a focus on technical fibers and recycling. While the financials show some areas of concern, the company’s established history and diverse product range suggest a degree of resilience.

Registered in England/Wales under the registration number 06544194, with a registered address at BD4 6HQ, England, Bradford, Davy Textiles Prince Street, Dudley Hill.

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