Esstex Limited

Esstex Ltd from Keighley UK: a small, active company founded 15 years ago, employs just two people, and holds £68,917 in assets. It operates from a virtual address, managed by two directors and owners, and is described as a family business. The company regularly imports machinery, boilers, and mechanical appliances—parts, with 25 months of import activity recorded, the last in August 2024.

Esstex Ltd functions as a distributor, representing leading manufacturers like IRO AB, ROJ Srl, ERGOTRON SAS, ITALTEX Srl, and others. Its website highlights these partnerships, emphasizing high-quality yarn feeders, digital servodrive systems, and textile fabric trends. The company also provides accredited service and repair for several brands, operating as the only UK and Ireland facility for IRO, ROJ, ERGOTRON, TE STRAKE, and SAVITEC products. Registered at Aireside Business Centre, Keighley, it also maintains a registered office at Devonshire Street, Keighley.

Financially, Esstex Ltd presents a mixed picture. Current assets have plummeted by 57%, dropping to £69,000, while net assets have also seen a significant decline of 71%, settling at £14,000. Cash reserves have shrunk by 40%, leaving £34,000, and bank borrowings have increased. Trade debtors have fallen dramatically, a positive sign, but creditors have also decreased, suggesting a need to manage finances carefully. The company’s small size—meeting two of three conditions for a small company—helps it remain flexible, but the decline in equity warrants attention. No auditor is mentioned, so the figures are unaudited.

Overall, Esstex Ltd appears to be navigating a period of financial adjustment. While its distribution network and service capabilities remain strong, the company needs to address the recent decline in assets and equity to ensure long-term stability.

Registered in England/Wales under the registration number 06955261, with a registered address at BD21 4BZ, England, Keighley, West Yorkshire, Suite 3, Aireside House Aireside Business Centre, Royd Ings Avenue.

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