Futura Leathers Limited

Futura Leathers Ltd from Rochdale UK: a small, active company founded 24 years ago, employs 13 people, and holds assets valued at £2,315,999. It’s a family business with five directors and three owners, operating from a real address and regularly importing and exporting raw hides, skins, and leather – a total of 13 months of import and export activity.

The company's website showcases a wide range of leather products and services, catering to residential, hospitality, corporate, automotive, marine, fashion, and bespoke clients. It’s a wholesale operation, offering a vast selection of leathers (over 350) with a colour finder and detailed search options. The website also highlights leather uses, sectors, and finishes, alongside information on leather suitability, thickness, and environmental sustainability. It’s a comprehensive resource for leather buyers.

Financially, Futura Leathers Ltd presents a mixed picture. Current assets increased slightly to £2,300,000, while net assets rose by 5.7% to £2,500,000. However, bank borrowings decreased by 11%, and cash reserves fell by 6.7% to £180,000. Trade debtors saw a significant drop of 36%, suggesting improved collections, while creditors also decreased. The company’s small size (meeting two of three conditions for being classified as small) allows for agility, but the decrease in cash reserves warrants attention. No auditor is mentioned, likely due to the company’s exemption as a small entity.

Overall, Futura Leathers Ltd seems to be holding its own, though it’s important to monitor cash flow and maintain strong customer relationships to navigate any future challenges.

Registered in England/Wales under the registration number 04115914, with a registered address at OL16 2SH, Rochdale, Lancs, Unit 8 Smallbridge Business Park, Riverside Drive.

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