Fundamental Textiles Limited

Fundamental Textiles Ltd, based in Manchester, UK, is a small, active company established fifteen years ago in 2010. With nine employees and £638,403 in assets, it operates from a real address on Stanley Street. The company is led by one director and owner, Wasim Mirha, and boasts a perfect 5.0 Google rating from two reviews. It’s a regular importer, specializing in clothing and accessories made by knitting or crocheting, with 15 months of import activity recorded, the last operation in May 01, 2021.

The company’s website, while functional, is basic—requiring JavaScript to run—and doesn't reveal much about its operations beyond a general focus on textiles. It doesn’s an ecommerce site, but rather a portal to a wholesale business.

Financially, Fundamental Textiles Ltd presents a mixed picture. Cash reserves increased by a solid 17% to £480,000, and current assets grew by 14% to £640,000. However, finished goods for resale decreased by 35% to -£25,000, suggesting potential inventory management issues. Trade debtors increased by 18% to £140,000, which could indicate delayed customer payments. Equity also rose by 17% to £590,000, a positive sign. The company meets two of three conditions to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the unaudited figures rely on director-reported data.

The company’s growth in assets and equity suggests it’s generally healthy, but the decrease in finished goods and increase in debtors warrants closer attention. It’s likely that the company is doing well, but it should keep a close eye on its inventory and accounts receivable to avoid any cash flow problems.

Registered in England/Wales under the registration number 07246903, with a registered address at M8 8SH, Manchester, 19 Stanley Street.

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