Future Garments Limited

Future Garments Ltd, based in Warley, UK, is a large holding company with an active status, having operated for 33 years. Employing 51 people and boasting assets of £13,314,504, the company generated £9,820,986 in revenue last year. With a real address and three directors, it’s a well-established player in the workwear industry. Google reviews give it a 3.0 rating based on six reviews. The company regularly imports clothing and accessories made by knitting or crocheting (434 months) and exports clothing and accessories, not knitted or crocheted (59 months).

Future Garments Ltd’s website highlights its commitment to providing high-quality, durable, and sustainable workwear. It offers a wide range of products, from welding gear to footwear, catering to various industries. The site emphasizes ethical trade practices, sustainable value, and responsible impact, suggesting a focus on corporate social responsibility. It’s clear they are trying to be a leader in the PPE market.

Looking at the financial data, things are a bit mixed. While turnover increased by a healthy 18%, reaching £9,800,000, net assets took a significant hit, dropping 25% to £8,500,000. Bank borrowings increased by a staggering 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Creditors, however, decreased by 18%, which is a positive sign. The company’s size (meeting two of three criteria for a large company) allows for agility, but the equity drop is concerning. No auditor is mentioned, which is likely due to its small size and exemption from auditing requirements.

Overall, Future Garments Ltd appears to be facing some financial pressures despite its strong market position and commitment to sustainability. The increase in borrowings and decrease in cash reserves could be attributed to investments in growth or increased operating expenses. It will be interesting to see how the company navigates these challenges in the coming year.

Registered in England/Wales under the registration number 02690536, with a registered address at B66 3DL, Warley, West Midlands, Aqua House, Buttress Way, Smethwick.

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