Direct Textile Imports Limited

Direct Textile Imports Ltd, based in Hemel Hempstead, UK, is a small, holding company with an active status, having been established 24 years ago. The company employs five people and holds assets totaling £510,662. It operates from a real address and is managed by two directors and one owner. The company is a regular importer, primarily of various textile products, sets, used clothing, and rags, with import activity spanning eight months, the last operation occurring in April 2019.

The company's website reveals a broader scope than initially apparent. While the core business involves wholesale textiles, the site showcases a diverse range of fabrics and made-up goods, including cushions, readymade curtains, and printed bedding. Direct Textile Imports collaborates with mills from India, Spain, Turkey, and the Far East, and even maintains a local representative in the Far East. The company emphasizes a small, dedicated team of four, offering an in-depth and personal service to both mills and customers. The website also lists a comprehensive list of countries they ship to, spanning across Europe, Asia, and the Americas.

Financially, Direct Textile Imports Ltd presents a mixed picture. While current assets increased by 8.2% to £510,000, net assets decreased by 4.4% to £310,000. Bank borrowings have increased significantly, rising by 2,400% to £38,000, while cash reserves have improved by 180% to £5,200. Creditors have decreased by 4.4% to £130,000, suggesting improved 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) allows for agility, but the equity drop warrants attention. As a small company, it is exempt from an audit, and the financial statements are unaudited.

Registered in England/Wales under the registration number 04219666, with a registered address at HP2 6HG, England, Hemel Hempstead, The Well House Whitehouse Business Centre, Gaddesden Row.

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