Diamond Textiles (k G A) Limited

Diamond Textiles Kga Ltd from 6 Ross Walk UK: small company, active status, founded 32 years ago, 7 employees, £376,869 assets, real address, 4 directors, 1 owner. Regular importer of clothing and accessories made by knitting or crocheting (62 months imported). It’s a small, family-run business operating in Leicester, UK, with a history spanning over three decades. The company employs seven people and holds £376,869 in assets, a real registered address, and is overseen by four directors and one owner. Diamond Textiles is a regular importer, specializing in clothing and accessories made by knitting or crocheting, with a consistent import history of 62 months, the most recent in November 2024.

The company’s website highlights its focus on the schoolwear market, manufacturing fabrics and garments to high standards. It specializes in fleece fabrics, offering a wide range of options including single jersey, interlock, and elastane. They even offer bespoke colourways, trims, and patterns, working closely with customers to develop unique shades. A key differentiator is their commitment to using 80% regenerated cotton, emphasizing an environmentally conscious approach. The site details a range of products, from crew necks and jog pants to polo shirts and gym wear, all available in a variety of colours.

Financially, Diamond Textiles Kga Ltd shows some concerning trends. Current assets decreased by 9.5% to £380,000, while net assets declined by 0.64% to £70,000. Bank borrowings increased by 25% to £48,000, and cash reserves plummeted 98% to just £180. Creditors also decreased by 44%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp drop in cash reserves is a cause for concern. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Diamond Textiles Kga Ltd appears to be navigating a challenging financial landscape. While its focus on quality and customization in the schoolwear market provides a solid foundation, the company will need to address its declining cash reserves to ensure long-term sustainability.

Registered in England/Wales under the registration number 02723193, with a registered address at LE4 5HH, 6 Ross Walk, Leicester, Unit 4 Abbey Mill, Kga House.

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