Hantex Limited

Hantex Limited, based in Boston, UK, is a small, family-run business with an active status, celebrating 30 years since its founding in 1994. Employing five people and holding assets of £384,443, the company operates from a real address and is managed by three directors and two owners. It's a regular importer of cotton products, with 249 months of import activity recorded, and has also engaged in exporting cotton products for 12 months, the latest in November 2024.

The company’s website, hantex.co.uk, reveals a diverse operation, primarily focused on wholesale fabric and haberdashery. It caters to both professional dressmakers and hobbyists, offering a wide range of fabrics, sewing patterns, and accessories. The site also features a dedicated section for bag-making supplies, indicating a specialization within the textile market. A separate area highlights wire hangers, suggesting a service-oriented aspect to the business. The website also includes a section for wire hangers, suggesting a service-oriented aspect to the business.

Financially, Hantex Limited shows a mixed picture. Current assets have decreased by 13% to £380,000, while net assets have also fallen by nearly 5%, to £290,000. Bank borrowings have increased by 35%, reaching £29,000, and cash reserves have fallen by 35% to £51,000. Creditors have decreased significantly, by 35%, which is a positive sign. 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 decline in equity raises some questions. As a small company, it’s exempt from an audit, so the figures are unaudited.

While the company seems to be operating regularly, the financial data suggests a period of adjustment. The diverse product range and online presence indicate an attempt to adapt to changing market conditions, but whether these efforts will translate into sustained financial health remains to be seen.

Registered in England/Wales under the registration number 02938716, with a registered address at PE22 8NL, Boston, Lincolnshire, Hantex Ltd Whitehouse Yard, Eaudyke Friskney.

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