Huddersfield Textiles Limited

Huddersfield Textiles Ltd from Huddersfield UK: a small, active company founded nine years ago, employs ten people, and holds £598,855 in assets. It operates from a virtual address, managed by four directors and one owner. The company is an irregular importer of natural fibers, paper yarn, and fabrics made from paper yarn, with its last import activity occurring one month ago. It also exports treated or layered fabrics for industrial use, though its export activity is infrequent, with the last shipment occurring two months ago.

The company's website is non-existent, making it impossible to determine if it operates an e-commerce platform.

Financially, Huddersfield Textiles Ltd presents a mixed picture. While its assets remain steady, net assets have decreased significantly, dropping 2.3% to -£750,000. Cash reserves have plummeted 95%, leaving only £1,300 available. Bank borrowings have remained stable at £23,000. Creditors have decreased substantially, falling 74% to £69,000, suggesting improved debt management. Trade debtors have increased by 15%, reaching £460,000. 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. No auditor is mentioned, likely due to its small size and exemption from an audit.

The company's decline in cash reserves and net assets is concerning, and it's possible the company is burning through money. However, the decrease in creditors suggests the company is managing its short-term liabilities effectively. The lack of information about its operations makes it difficult to assess its long-term viability, but its small size and agility could help it weather any financial challenges.

Registered in England/Wales under the registration number 09861167, with a registered address at HD8 8QH, England, Huddersfield, Unit 1b Denby Dale Industrial Park, Wakefield Road, Denby Dale.

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