Diamond Textiles Limited

Diamond Textiles Ltd, based in Leicester, UK, is a small, active company founded 31 years ago in 1994. With four employees and £656,097 in assets, it operates from a real address and is overseen by three directors and two owners. The company’s core business involves importing clothing and accessories made by knitting or crocheting – a consistent activity spanning 100 months, with the latest import in October 2024. It also occasionally exports clothing and accessories that aren't knitted or crocheted, with two months of export activity recorded as of May 2024.

The company’s website highlights its focus on the schoolwear market, manufacturing fabrics and garments to high standards. It specializes in fleece schoolwear, offering a wide range of colours and even developing bespoke shades for customers. Notably, it emphasizes the use of 80% regenerated cotton, showcasing an environmentally conscious approach. The website also features a catalogue of crew neck sweatshirts, v-neck sweatshirts, cardigans, and other schoolwear items.

Financially, Diamond Textiles Ltd presents a mixed picture. Accumulated depreciation on plant and machinery increased by 23%, suggesting investment in equipment, while the number of employees decreased by 25%, potentially reflecting restructuring or cost-cutting measures. Cash bank on hand dropped by 37%, indicating a possible need to manage liquidity. Creditors increased by 12%, while merchandise saw a significant boost of 55%, suggesting increased stock levels. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity raises concerns. No auditor is mentioned, likely due to the company's exemption as a small entity.

Overall, Diamond Textiles Ltd appears to be navigating a period of change. While its focus on schoolwear and commitment to sustainable practices are strengths, the financial data suggests a need for careful management and a focus on maintaining profitability.

Registered in England/Wales under the registration number 02905427, with a registered address at LE4 7SF, 78 Oakland Avenue, Leicester.

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