Harris Belting Limited

Harris Belting Limited, based in Newport, UK, is a small, family-run business with an active status. Founded nine years ago in 2016, the company employs just two people and holds £193,834 in assets. It operates from a real address and is overseen by three directors and two owners. The company runs an e-commerce site selling Harris Tweed fabrics and related products, including clothing, accessories, and lamps. It’s an irregular importer, with its top import category being Machinery, boilers, and mechanical appliances; parts, totaling 1 months of imports. The last import operation was conducted on June 01, 2024.

The website, Harris Tweed Scotland, showcases a wide range of Harris Tweed products, from fabrics and clothing to bags, accessories, and even lamps. It caters to both wholesale and retail customers, emphasizing the authenticity and heritage of Harris Tweed, a fabric made in the Outer Hebrides of Scotland. The site highlights the fabric’s durability, unique patterns, and connection to British craftsmanship. It’s clear the company is aiming to capitalize on the global appeal of Harris Tweed, exporting its products to over 50 countries.

Financially, Harris Belting Limited presents a mixed picture. While current assets increased by 40% to £190,000, net assets decreased by 3.5% to £32,000. Bank borrowings remain stable, and cash reserves are at £55,000. Trade debtors have increased by 24% to £110,000, which could indicate expanding sales but also potential challenges in collecting payments. Creditors have also risen by 37% to £200,000, which may be due to increased purchasing of raw materials. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 75 employees) allows for flexibility, but the slight decline in equity warrants attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Harris Belting Limited appears to be holding its own, benefiting from the enduring popularity of Harris Tweed. The company’s focus on quality and heritage, combined with its online presence, suggests a sustainable business model—although careful management of creditors and debtors will be crucial for continued success.

Registered in England/Wales under the registration number 10127508, with a registered address at TF10 9LH, England, Newport, Shropshire, Unit 4c Ni Park Industrial Estate.

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