Fortune Eximports Ltd
- Small
- Active
- 22 years
- 12 employees
- £372,793 (assets)
- Real address
- 2 directors
- 1 owner
- Irregular importer
- Regular exporter
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Fortune Eximports Ltd from Bedford UK: a small company with an active status, was founded 22 years ago. It employs 12 people and holds £372,793 in assets, operating from a real address with two directors and one owner. The company is an irregular importer of textile products, sets, used clothing, and rags (2 months of imports), and a regular exporter of the same items (8 months of exports).
Fortune Eximports’ core business revolves around textile recycling and resale, as evidenced by its website, "Fortune Eximports Fashion Forward." The site emphasizes sustainability and offers services like item bank rentals for events, bulk clothing purchases, and fundraising opportunities for institutions. It even handles shoe and bag recycling, and high-value items like bric-a-brac and household goods. The company’s website also mentions a partnership with a UK university to close the circular economy loop in textiles.
Financially, the company’s recent performance presents a mixed picture. Current assets increased by a substantial 34% to £370,000, while net assets grew by 12% to £98,000. However, bank borrowings decreased by 43% to £49,000, and cash reserves rose by 27% to £130,000. Creditors decreased by 22% to £17,000, suggesting improved debt management. The company’s small size—meeting two of three criteria for being a small company—allows for flexibility, but the significant increase in trade debtors (96%) could indicate challenges in collecting payments. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.
Overall, Fortune Eximports Ltd seems to be navigating a period of growth, though the rise in trade debtors warrants close monitoring. The company's focus on sustainable textile recycling and its diverse service offerings position it well in a growing market, but it’s important to keep an eye on its ability to manage cash flow and collect payments.
Registered in England/Wales under the registration number 04540174, with a registered address at MK41 0EP, Bedford, Bedfordshire, 5 Shuttleworth Road, Elms Industrial Farm.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- Vyas Tushar
- 8 years
- 1
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- Vyas Krishiv
- 3 years
- 2
-
Resident of United Kingdom
-
Individual
- Vyas Tushar
- 3 years
- 2
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted six months ago.
Last news
-
Confirmation statement made on 2024-09-19 with no updatesDownload 3 pages pdf report
-
Total exemption full accounts made up to 2023-09-30Download 9 pages pdf report
-
Confirmation statement made on 2023-09-19 with no updatesDownload 3 pages pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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FAQ about Fortune Eximports Ltd
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