Embroidery Elite Limited

Embroidery Elite Ltd from Hawick UK: a small, active company founded eleven years ago, employs seven people, and holds £168,037 in assets. It’s a family business with three directors and two owners, operating from a real address. While an irregular importer of clothing and accessories not knitted or crocheted (two months of imports), it’s a regular exporter of knitted and crocheted clothing and accessories (82 months of exports).

The company's website is currently undergoing maintenance, with a message encouraging customers to call or email for orders. It’s working on a new site and invites visitors to subscribe to a newsletter for updates. The site also includes a password-protected area for store owners.

Financially, Embroidery Elite Ltd presents a mixed picture. While current assets increased slightly to £170,000, equity dropped significantly by 38% to £180,000. Bank borrowings decreased by 27%, to £29,000, and cash reserves fell 45% to £86,000. Trade debtors, however, increased dramatically by 1300%, reaching £82,000—a potential concern. Creditors also decreased by 9%, to £74,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, indicating an exemption for small companies.

The company’s financial trends suggest it’s facing some challenges, although it remains a small, family-run operation. The sharp decrease in equity and the significant increase in trade debtors could indicate difficulties in managing cash flow, but the decrease in bank borrowings is a positive sign. The company's focus on both importing and exporting, along with its family ownership, could provide resilience in the long run, but careful financial management will be essential.

Registered in Scotland under the registration number SC464817, with a registered address at TD9 0BN, Scotland, Hawick, Unit 4b 8 Liddesdale Road.

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