Discount Fabrics Limited

Discount Fabrics Ltd, based in Leicester, UK, is a small, active company established twelve years ago. With three employees and £799,437 in assets, it operates from a real address and is led by a solo founder who also serves as director and owner. The company runs an e-commerce site and enjoys a stellar 5.0 Google rating from 183 reviews. It’s an irregular importer of clothing and accessories (excluding knitted or crocheted items), with the last import operation occurring one month ago.

The website showcases a wide range of fabrics, patterns, and accessories catering to dressmaking, bag making, and quilting enthusiasts. It offers everything from cotton and velvet fabrics to dress patterns and haberdashery supplies. The site highlights a commitment to quality, offering brands like Liberty and Butterick, and emphasizes a user-friendly experience with free UK delivery over £25. The site also features a blog with tutorials and inspiration, demonstrating a focus on engaging with its customer base.

Financially, Discount Fabrics Ltd presents a mixed picture. Cash bank on hand has impressively grown by 79%, reaching £160,000, while creditors have significantly increased by 190%, now at £490,000. This suggests a reliance on credit to fuel growth, which could be a risk. Average number of employees has doubled to six, which is a positive sign of expansion, but it also increases operational costs. Net assets, however, have risen by 35% to £360,000, indicating a strengthening financial position overall. The company meets the criteria to be considered small, with turnover under £10.2 million and assets under £5.1 million. No auditor is mentioned, which is typical for small companies.

The increase in creditors, alongside the rise in employee numbers, suggests that Discount Fabrics Ltd is investing in its business—perhaps expanding its product range or marketing efforts. The strong Google rating and e-commerce focus indicate a successful online presence, but the company will need to manage its debt carefully to ensure long-term sustainability.

Registered in England/Wales under the registration number 08480638, with a registered address at LE4 9HR, England, Leicester, 96 Cannock Street.

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