Filigree Holdings Limited

Filigree Holdings Ltd, based in Ripley, UK, is a small, family-run holding company with an active status. Established eighteen years ago in 2006, it employs forty-seven people and holds assets valued at £5,514,865. The company operates from a real address and is overseen by three directors and three owners. It has a Google rating of 4.0 based on nine reviews. Filigree Holdings Ltd regularly imports textile products, sets, used clothing, and rags—a trend spanning twenty-two months, with the most recent import in July 2023.

The company’s website showcases a focus on lace voile, readymade curtains, blinds, and related products. It caters to both traditional and contemporary designs, with a clear emphasis on quality and curated collections. The site lists brands and offers various product categories, including made-to-measure options, suggesting a blend of retail and trade activities. It’s clear they are trying to sell to both the consumer and the trade.

Financially, Filigree Holdings Ltd presents a mixed picture. While current assets increased by 5%, bank borrowings decreased by 30%, and cash reserves jumped 73% to £400,000, other areas show concern. Net losses deepened significantly, and trade debtors increased by 6.2%. Creditors also increased by 8.7%, suggesting a reliance on credit from suppliers. The company meets the criteria for a small business, with turnover less than £10.2 million, assets under £5.1 million, and fewer than fifty employees. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

It seems the company is doing well in terms of cash flow, but the increase in debt and losses suggests it may be burning through money. The family business structure and focus on quality textiles could be a strength, but the management needs to keep a close eye on profitability and debt levels to ensure long-term sustainability.

Registered in England/Wales under the registration number 05935738, with a registered address at DE5 3YD, Ripley, Derbyshire, Filigree, High Holborn Road.

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