Denholme Velvets Limited

Denholme Velvets Ltd, based in Denholme, UK, is a small, active company with a rich history, having been founded 88 years ago in 1937. The business, employing five people, holds £1,213,704 in assets and operates from a real address. With two directors at the helm and no officially declared owners, it’s a family-run enterprise. Denholme Velvets is a regular importer and exporter of special woven and decorative fabrics, with 111 months of import activity and 82 months of export activity recorded, the latest in February 2025.

The company’s website showcases a wide range of luxury velvets and faux fur fabrics, catering to fashion, upholstery, and theatrical applications. It appears to be primarily a business-to-business operation, selling to manufacturers and designers rather than directly to consumers. The website highlights the company's expertise in creating high-quality fabrics for various industries, from evening wear to stage curtains. It's a business that clearly values its heritage and craftsmanship.

Financially, Denholme Velvets Ltd shows a mixed picture. Current assets decreased by 17%, dropping to £1,200,000, while net assets declined by 14%, settling at £1,400,000. Bank borrowings remained stable, and cash reserves increased by 14%, reaching £37,000. Trade debtors decreased by 20%, suggesting improved collection practices. Creditors, however, decreased by a significant 39%, which could be a positive sign of better debt management or a slowdown in purchasing. 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 it to remain flexible, but the decline in net assets warrants further observation. As a small company, it is exempt from an audit, so the figures are unaudited.

The company’s focus on specialized fabrics and its long-standing presence in the market suggest a resilient business model. However, the financial trends indicate a need for careful management and a focus on maintaining profitability. It’s a business that’s clearly been around for a long time, but it’s important to keep an eye on those numbers.

Registered in England/Wales under the registration number 00327694, with a registered address at BD13 4EZ, Denholme, Nr.Bradford,Yorks, Foreside Mill, Denholme Clough.

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