Ibrahim Fabrics Limited

Ibrahim Fabrics Ltd, based in Manchester, UK, is a small, active company founded six years ago. With seven employees and £1,349,349 in assets, it operates as a solo-founded e-commerce business, importing furniture, lighting, and prefabricated buildings regularly—28 months worth, with the latest import in August 2024. It has a real address and a 3.0 Google rating from five reviews.

The company’s website, Seventh Stitch, specializes in designer bedding and home textiles, offering duvet cover sets, fitted sheets, mattress protectors, and luxury pillows. The site emphasizes free shipping, a 30-day return policy, and PayPal authorization, and features flash sales and a variety of bedding styles, from Egyptian cotton to satin stripe. It even has a blog section with content about the importance of a good night’s sleep.

Financially, Ibrahim Fabrics Ltd’s report shows a mixed picture. Cash bank on hand dropped significantly by 81%, down to just £4,200. Bank borrowings decreased by 20%, settling at £110,000. Creditors increased considerably, rising 89% to £270,000 within a year, and 6.7% in the year. Trade debtors also increased by 39%, reaching £530,000. Equity, however, declined by 12%, falling to £130,000. The company meets the criteria for a small company—turnover under £10.2 million, assets under £5.1 million, and fewer than 25 employees—and is exempt from an audit.

The company’s financial numbers suggest it’s burning through cash, despite a growing customer base. The increase in trade debtors could indicate slower payments from customers, or perhaps an expansion of credit terms. The decrease in cash reserves and equity, combined with increased borrowing, raises concerns about the company’s long-term financial health. It’s a small business, and these fluctuations are common, but it will need to manage its cash flow carefully to sustain its growth.

Registered in England/Wales under the registration number 11408536, with a registered address at M8 8EU, England, Manchester, Unit 1a, First Floor Sagar House, 7 Sagar Street.

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