Interweave Textiles Limited

Interweave Textiles Ltd from Huddersfield, UK, is a small, holding company with an active status. Established twenty years ago in 2004, the company employs twenty-one people and holds assets valued at £3,605,372. With four directors and one owner, it operates from a real address and regularly imports and exports various textile products, used clothing, and rags—fifty-two months of imports and fifty-two months of exports recorded.

The company's primary activity appears to be the wholesale of textiles, though details on its website are scarce. It's a small company, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. The company’s registered address is shared with six other businesses, suggesting a relatively common business park location.

Financially, Interweave Textiles Ltd presents a mixed picture. While cash bank on hand has impressively increased by 210% to £350,000, current assets have slightly decreased by 1.4% to £3,600,000. Trade debtors have risen by a significant 9.8% to £1,400,000, which could indicate increased sales but also potential issues with collecting payments. Creditors have also increased by 7.5% to £1,000,000, and net assets have increased by 2.1% to £820,000. The company’s retained earnings have increased by 2.3% to £770,000. The company’s depreciation on furniture fittings has increased by 35%, which could be due to new equipment. The company’s property plant and equipment gross cost has increased by 21%, which could be due to new equipment.

The company’s financial statements were audited by B M Howarth Ltd, and the report was issued on September 3, 2024. The accounts show a small company still growing, but with some financial pressures. The increase in debtors is something to keep an eye on, and the company will need to manage its creditors carefully.

Registered in England/Wales under the registration number 05267141, with a registered address at HD2 2XB, Huddersfield, West Yorkshire, Birkby Grange, Birkby Hall Road.

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