Haworth Scouring Company Limited

Haworth Scouring Company Ltd from West Yorkshire UK is a large company, holding company, and active status, founded 53 years ago. It employs 59 people and holds £1,203,105 in assets, with a real address and nine directors overseeing operations, alongside one owner. The company regularly imports machinery, boilers, and mechanical appliances, with parts imported for nine months, the last operation occurring on November 01, 2024.

The company operates in the other manufacturing n.e.c. industries and is located in the heart of the UK’s textile centre. It’s one of the largest, modern, and environmentally responsible commission wool scours in the world, operating from an 8-acre site that includes Haworth Combing and Enco Global Testing. This allows for scouring up to 1,000,000kgs of wool per week, with an effluent treatment plant and environmental expertise ensuring high-quality processing.

Haworth Scouring’s website highlights its focus on wool scouring and combing services, alongside certification and environmental commitment. It’s clear the company is a significant player in the textile industry, with a state-of-the-art facility and a focus on sustainable practices.

Financially, Haworth Scouring Ltd shows some concerning trends. Current assets have fallen by a significant 52%, dropping to £1,200,000, while net assets have also declined by 7.6%, reaching £2,900,000. Bank borrowings have increased dramatically by 330%, reaching £200,000, and cash reserves have decreased by 17%, falling to £900. However, creditors have also decreased by 31%, suggesting improved debt management. The company is classified as large, meeting two of three criteria: turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. With no auditor mentioned, the financial statements are unaudited.

The company’s losses deepened, with net losses increasing by 58%, and staff costs remained relatively stable. The sharp decline in assets and cash reserves suggests the company is burning through money, although the decrease in creditors indicates some success in managing short-term liabilities. It is unclear if the company is struggling to maintain profitability, or if the current financial situation is a temporary setback.

Registered in England/Wales under the registration number 01029047, with a registered address at BD3 9SX, West Yorkshire, Cashmere Works, Birksland Street, Bradford.

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