Greige Textiles Ltd

Greige Textiles Ltd is a small, active company based in London, UK, founded four years ago in 2020. With £248,070 in assets and a real registered address, it's a family business operating an e-commerce site. The company is led by one director and owned by two individuals, Avcioglu Halil and Avcioglu Isin.

The company’s website showcases a range of textiles, including fabric by the yard, made-to-order lampshades, and pillows. It also offers wallpaper and caters to trade customers through a dedicated program. The site highlights hand-printed fabrics on Belgian linen, custom-made lampshades, and a collection of wallcoverings, suggesting a focus on unique, high-quality home goods. It’s clear they’re aiming for a design-conscious market.

Financially, Greige Textiles Ltd shows a mixed picture. Cash reserves remained steady at £17,000, however, creditors increased slightly to £170,000. Trade debtors also rose, reaching £230,000. Net assets, however, remained constant at £75,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in debt suggests potential cash flow pressures. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

Overall, Greige Textiles Ltd seems to be navigating the challenges of a small e-commerce business. While the website presents a strong brand and appealing products, the financial data indicates a need to carefully manage cash flow and potentially explore ways to reduce debt.

Registered in England/Wales under the registration number 13000290, with a registered address at E1 6JJ, England, London, Soho Works Shoreditch, Floor 4, Tea Building, 56 Shoreditch High Street.

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