Fimex Direct Ltd

Fimex Direct Ltd is a small, active company based in Leeds, UK, founded four years ago in 2020. With eight employees and £117,065 in assets, it operates from a real address and is led by a single director and owner, Dixon Caroline Sarah. The company regularly imports clothing and accessories made by knitting or crocheting, with nine months of import activity recorded, the last in August 2024.

The company’s website, Fimex Direct, positions itself as a creator of bespoke socks, from concept to delivery. With over 30 years of experience, it specializes in designing and manufacturing socks, offering services from bamboo to organic cotton. The founder, Dixon Caroline Sarah, previously increased turnover from £2m to £22m as Sales Director for a major sock importer. Now, Fimex Direct focuses on direct sourcing and manufacturing with factories in Turkey, China, and Pakistan, emphasizing transparency and a seamless production process. The company offers design services, packaging ideas, and UK-based design teams working with Pantone and yarn charts. Compliance and ethical standards are prioritized, with SMETA audits and GOTS certifications.

Financially, Fimex Direct Ltd shows some concerning trends. Current assets decreased by 21% to £120,000, while cash reserves dropped 13% to £63,000. Bank borrowings increased, and trade debtors fell by 29%. Equity increased slightly, but the decline in cash and assets suggests a potential need to manage cash flow more carefully. 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 remain flexible, but the decrease in current assets should be monitored. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Fimex Direct Ltd seems to be facing some financial pressures, despite its strong focus on bespoke sock manufacturing and direct sourcing. The company’s ability to maintain its growth trajectory will depend on effectively managing its cash flow and capitalizing on its expertise in the sock industry.

Registered in England/Wales under the registration number 12666713, with a registered address at LS16 9LF, England, Leeds, 6 Hilton Mews, Bramhope.

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