Euro Apparels Ltd

Euro Apparels Ltd from Lancashire UK: small company, active status, founded 18 years ago, confirmation overdue 1 year, real address, 1 director, 1 owner. Regular importer of clothing and accessories, not knitted or crocheted (211 months imported). It’s a small, family-run business with a real registered address and a single director and owner, Bux Ayyub Vali. The company operates in the wholesale of textiles industries, and it's been importing clothing and accessories for 19 months, the last operation recorded in December 2023.

The company’s website, Euro Group BD, reveals a much larger operation. Based in Bangladesh, Euro Group BD is a garments manufacturer with multiple divisions: Euro Knitwear Ltd, Euro Apparel Ltd, Euro Wash Ltd, and IFA Printing. They specialize in circular knit Jersey sweat garments, offering services from knitting and dyeing to printing and embroidery. The website boasts a workforce of 2,550 and a 200,000 square foot facility—a stark contrast to the smaller UK-based entity. They even have a showroom in Harrods, London. It's unclear how closely the UK entity is linked to the larger Bangladeshi operation, but both emphasize quality and British craftsmanship.

Financially, Euro Apparels Ltd shows a concerning trend. Net assets plummeted 84% to -£40,000, and cash reserves remain steady at £81,000. Creditors decreased by 67%, suggesting better debt management, but bank borrowings remain unchanged. 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 stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s reliance on the larger Bangladeshi operation for manufacturing and potential funding is apparent. While the UK entity maintains a real address and active status, its financial health seems precarious, and it’s clear that it’s facing pressures.

Registered in England/Wales under the registration number 06075827, with a registered address at PR1 5LX, Lancashire, Unit 1 Campbell Street, Preston.

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