Downham Textiles Limited

Downham Textiles Ltd, based in Bradford, UK, is a small, active company founded 28 years ago. With three employees and £262,287 in assets, it’s a solo-founded operation led by a single director and owner. The company regularly imports cotton products, with 28 months of import activity recorded, and occasionally exports textile padding, felt, and nonwoven fabrics, ropes, and cables – just two months of export activity. It has a real registered address, and operates as a wholesale fabric supplier.

The company’s website highlights its extensive range of fabrics and its 20,000 sq ft warehouse in Bradford. Established in 1976, it evolved from the famous Glenroyd Mills and now supplies clothing manufacturers, retail shops, and designers, even exporting worldwide. The website also mentions a Facebook page for the latest deals, and a warehouse visit is encouraged. It’s clear they aim to be a one-stop shop for fabric needs, offering competitive prices and a wide selection. They even have a customer testimonial from a dress designer praising their selection and helpful staff.

Financially, Downham Textiles Ltd shows some concerning trends. While assets remain relatively stable, bank borrowings increased by 59%, reaching £17,000, and cash bank on hand decreased by 32%, falling to £2,100. Creditors also increased, rising to £130,000. 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 remain flexible, but the increase in debt and decrease in cash reserves could be a cause for concern. The company is exempt from an audit, so the figures are unaudited.

Overall, Downham Textiles Ltd appears to be a long-standing business facing some financial pressures. While it maintains a strong presence in the wholesale fabric market, it will need to manage its debt and cash flow to ensure its continued success.

Registered in England/Wales under the registration number 03252697, with a registered address at BD3 9QY, Bradford, West Yorkshire, Ahmad House, 17-19 Downham Street.

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