Fashiontex Limited

Fashiontex Limited is a small, active company based in Derby, UK, founded five years ago in 2019. With £960,912 in assets and a virtual address shared by seventy-seven other companies, it’s a solo-founded operation run by a single director and owner, Morar Ashish. The business operates in the retail sale of clothing in specialised stores, with a website showcasing a wide range of apparel for men, women, boys, and girls. It's also involved in exporting knitted or crocheted fabrics, with 52 months of export activity recorded.

The company’s website, Fashiontex Clothingss, presents itself as a global exporter of fashion, boasting over 1,000 successfully completed projects and a clientele spanning 50 countries. It emphasizes innovation, quality, and client-centricity, with managing partners Mr. Chandrasekar and Mr. Boopathi highlighting their commitment to excellence. The site details a range of services, from innovative solutions to seamless support, and even offers customization options for apparel designs.

Financially, Fashiontex Limited shows a mixed picture. Cash reserves increased significantly by 160%, reaching £86,000, while bank borrowings rose by 34% to £710,000. Creditors also increased, with short-term creditors up 30% to £730,000, and other creditors increasing by a whopping 400% to £23,000. Debtors, however, skyrocketed by 250% to £80,000, suggesting potential issues with customer payments. 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 nimble, but the increase in debt raises concerns. The accounts are unaudited and prepared under FRS 102, with no auditor mentioned.

While the company's export business seems active, the rising debt and increasing creditors suggest it may be burning through cash. It’s unclear whether the company is financially healthy or struggling, but its focus on international markets and customer satisfaction could be key to its long-term success.

Registered in England/Wales under the registration number 12242971, with a registered address at DE23 6UR, United Kingdom, Derby, Derbyshire, 155 Normanton Road.

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