Filltex Limited

Filltex Ltd from Dewsbury UK: a small holding company with an active status, was founded 22 years ago. The company employs 42 people and holds £5,746,220 in assets. It has a real address, three directors, and one owner, boasting a stellar 5.0 Google rating based on six reviews. Filltex is a regular importer of machinery, boilers, and mechanical appliances; parts, with 10 months of import activity recorded. The company operates in the manufacture of other textiles n.e.c. industries.

The company's website is currently unavailable, so it’s difficult to assess its online presence and e-commerce activities. However, the company’s core business involves manufacturing textiles.

Filltex Ltd’s financial picture reveals some interesting trends. While current assets increased slightly to £5,700,000, net assets dropped by 12% to £4,100,000. Bank borrowings rose by 11% to £210,000, and cash reserves fell 14% to £780,000. Creditors increased significantly by 720%, reaching £560,000, suggesting potential cash flow pressures. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain nimble, but the rise in creditors is something to keep an eye on. No auditor is mentioned, likely due to the company’s exemption as a small entity. The company's trade debtors have also decreased by 8.1%, which could be a positive sign of improved collections.

The company’s financial data shows a mixed bag. While the rise in creditors is concerning, the increase in current assets suggests a degree of ongoing business activity. The decrease in net assets, however, could be a result of increased investment or operational losses. The company’s reliance on imports, as evidenced by the regular activity, could also make it vulnerable to supply chain disruptions.

Registered in England/Wales under the registration number 04702543, with a registered address at WF12 9EJ, England, Dewsbury, Filltex Ltd The Warehouse, Forge Lane.

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