Heritage Weavers Ltd

Heritage Weavers Ltd, based in Huddersfield, UK, is a small, active company founded just four years ago. With two employees and £234,382 in assets, it’s a solo-founded operation run by two directors and one owner. The company regularly imports cotton products – for four months – and exports wool and animal hair products, having done so for seventeen months. It’s a real address, which is good.

The company operates in the wholesale of textiles industries, a sector that’s always been important to the UK. While a website isn’t available, the business likely focuses on supplying materials to other textile manufacturers or retailers. It's possible they have a small showroom or work primarily through trade shows and direct sales.

Financially, Heritage Weavers Ltd presents a mixed picture. Current assets have dropped by 26% to £230,000, while net assets have plummeted 47% to £49,000. Bank borrowings have increased by 420%, reaching £57,000, and cash reserves have fallen by a significant amount. Creditors have decreased by 18%, suggesting better debt management. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the figures rely on unaudited statements.

The significant drop in equity is concerning, but it could be due to investments in new equipment or materials. The increase in bank borrowings suggests the company is relying more on external financing. It's possible the company is experiencing some growing pains, but it’s also possible that these are temporary fluctuations. The company’s small size allows it to be agile, but it also makes it more vulnerable to economic downturns.

Registered in England/Wales under the registration number 12648142, with a registered address at HD7 4FA, England, Huddersfield, 7 Mulberry Drive, Golcar.

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