Howorths Textiles Limited

Howorths Textiles Ltd, based in Lancashire, UK, is a small, active holding company established eighteen years ago. Employing twenty people, the company holds assets totaling £1,391,716 and operates from a real address in Nelson. With six directors and one owner, it maintains a perfect 5.0 Google rating based on five reviews. The company is a regular importer of man-made staple fibers, with nineteen months of import activity recorded, the last in February 2025.

The company’s website details its operations as a textile fibre merchant and processor, offering a range of services including yarn sales, beaming, tape sizing, and section warping. It carries an average of over 425 tons of weaving, knitting, and lubricated yarns. The website suggests a business focused on providing raw materials and processing services to the textile industry, rather than direct-to-consumer retail. It seems like a B2B operation.

Financially, Howorths Textiles Ltd shows some concerning trends. While turnover remains steady, net assets declined by 17%, dropping to £480,000. Bank borrowings decreased by 26%, which is a positive sign, but cash reserves remained flat at £37,000. Trade creditors decreased by 34%, suggesting improved debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, likely due to its small size.

The decline in net assets, despite steady turnover, warrants further investigation. It could be attributed to increased investment in equipment or working capital, or perhaps a decrease in the value of certain assets. The company’s reliance on a single owner and a relatively small number of directors could also present challenges in terms of succession planning and decision-making. Overall, Howorths Textiles Ltd appears to be navigating a challenging economic climate, but its established presence and focus on essential textile services provide a degree of resilience.

Registered in England/Wales under the registration number 05852412, with a registered address at BB9 8DN, Lancashire, Manor Mill, Hallam Road, Nelson.

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