Evertex Fabric & Workwear Ltd

Evertex Fabric & Workwear Ltd, based in London, UK, is a small, active company founded 14 years ago. With just two employees and £12,982 in assets, it’s a solo-founded operation managed by three directors and one owner. The company regularly imports various textile products, sets, used clothing, and rags, with the last import activity recorded five months ago in December 2017. It operates from a real address at 10 Rigg Approach, Leyton, and is likely real as only one company is registered there.

The company’s website, salesevertex.co.uk, reveals a focus on supplying quality linens for every occasion, office, event. It specializes in manufacturing and supplying table linens, accessories, and printed textiles, catering to both wholesale and retail customers. The site emphasizes no minimum quantities and offers services like logo printing and custom embroidery, indicating a flexible and customer-focused approach. It even offers a FAQ section and refund policy, which is good.

Financially, Evertex Fabric & Workwear Ltd shows a mixed picture. Current assets increased by 32% to £13,000, while cash bank on hand decreased by 53% to just £1,900. Creditors rose by 16% to £6,600, and debtors increased significantly by 82% to £11,000. Equity improved by 53% to £6,400, but net current assets also increased by 53% to £6,400. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in cash reserves is something to watch. The accounts are unaudited, as is common for small companies.

Overall, Evertex Fabric & Workwear Ltd seems to be holding its own, but the rise in debtors suggests a potential need to manage customer payments more closely. The company’s focus on quality linens and flexible services, however, positions it well in a competitive market.

Registered in England/Wales under the registration number 07570854, with a registered address at E10 7QN, London, 10 Rigg Approach, Leyton.

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