Fryett's Fabrics Limited

Fryett’s Fabrics Ltd, based in Manchester, UK, is a sizable company with an active status, operating for 19 years. Employing 45 people, it holds assets of £16.3 million and generates £16.8 million in revenue annually. The company, a holding company with seven directors and one owner, maintains a solid Google rating of 4.0 based on 18 reviews. It’s a regular importer of cotton products (897 months) and a regular exporter of man-made staple fibers (208 months).

The company’s website reveals it’s a leading UK converter of curtain and upholstery fabrics. It doesn't appear to be an e-commerce site, instead serving as a catalog and information hub for retailers and trade customers. The site showcases a wide range of fabrics, categorized by style and collection, and highlights the company’s focus on design and quality. It also features a "Porter Stone" area, suggesting a retail partnership or distribution channel.

Financially, Fryett’s Fabrics Ltd presents a mixed picture. While cash bank increased by a significant 30% to £7.5 million, administrative expenses jumped by a substantial 40% to £2.6 million. This could be due to increased marketing efforts or operational expansion. Net assets decreased by 5.4% to £15 million, and turnover dropped by 8.8% to £17 million, which might reflect broader economic conditions or shifts in demand. Interestingly, the company’s debts to group undertakings plummeted by 97%, while corporation tax payable decreased by 55%. The company’s auditors, Xeinadin Audit Limited, have issued an unqualified opinion.

Overall, Fryett’s Fabrics Ltd seems to be navigating a period of change. The increase in administrative costs and decrease in turnover suggest potential challenges, but the strong cash position and qualified audit opinion indicate a resilient business. The company's focus on quality and design, combined with its established network of suppliers, positions it well for continued success, though keeping a close eye on expenses will be important.

Registered in England/Wales under the registration number 05672966, with a registered address at M27 8LJ, Manchester, Marshall House, Rake Lane, Clifton.

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