Fairbank Textiles Limited

Fairbank Textiles Ltd from Sowerby Bridge UK: a small, holding company with an active status, was founded 25 years ago. Employing 21 people and holding £305,206 in assets, the company operates from a real address and is managed by one director and owner. It's an irregular importer and exporter of man-made staple fibers, with activity recorded for just one month in both categories.

The company's core business revolves around the manufacture of needled felts and textile fibre blending. Its website highlights its expertise in producing a range of needled felts to meet diverse market demands, and its leading position as a fibre blending service provider. The company even supplies felt materials to motor vehicle manufacturers, with two needle punch lines capable of producing rolls up to 2m wide and 100m long. It’s clear they’re focused on a specialized niche, offering both standard and bespoke felt solutions.

Financially, Fairbank Textiles Ltd presents a mixed picture. Current assets have decreased by 17%, falling to £310,000, while net assets have increased by 26%, reaching £190,000. Bank borrowings have decreased by 43%, sitting at £14,000, and cash reserves have increased by 50%, reaching £100,000. Creditors have also decreased significantly, by 29%, to £150,000. 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. The decrease in debtors, however, suggests potential issues with customer payments. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The company's focus on specialized textile products, combined with its relatively small size, suggests a business that is agile but potentially vulnerable to market fluctuations. While the increase in net assets is encouraging, the decrease in current assets and the decrease in bank borrowings could indicate a need to manage cash flow more effectively.

Registered in England/Wales under the registration number 03946398, with a registered address at HX6 3AN, Sowerby Bridge, West Yorkshire, West End Mill, West Street.

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