Jerseytex Ltd.

Jerseytex Ltd, based in Tipton, UK, is a large, active family business established 31 years ago. With 68 employees and £17.2 million in assets, the company generates £18 million in yearly revenue. It operates from a real address within the Great Bridge Industrial Estate and is managed by two directors and two owners. The company has a Google rating of 4.0 based on seven reviews and regularly imports and exports knitted or crocheted fabrics, with a history of 250 months of imports and 48 months of exports.

Jerseytex Ltd specializes in the manufacture and supply of knitted and printed fabrics, catering to the fashion industry. It retains a team of international fashion experts, designing and delivering fabrics to meet market trends. The company serves leading high street brands, online retailers, and garment manufacturers, offering a wide range of fabrics and a full-service digital print commission. It even boasts over eight million meters of fabric in stock.

Financially, Jerseytex Ltd shows some concerning trends. While turnover remains steady at £18 million, current assets have fallen by 4.5% to £17 million. Bank borrowings have increased significantly by 55%, reaching £2.1 million, and cash reserves have declined by 28% to £1 million. However, creditors have decreased by 7.5%, suggesting improved debt management. The company meets two of three criteria to be classified as a large company, with turnover over £36 million, balance sheet over £18 million, and employees over 250. The lack of an auditor mentioned likely reflects its exemption as a small company.

Despite these challenges, Jerseytex Ltd maintains a strong reputation within the fashion industry. The company’s focus on quality, innovation, and customer service—combined with its family-run ethos—positions it well for continued success, although careful financial management will be key to navigating the current economic climate.

Registered in England/Wales under the registration number 02882883, with a registered address at DY4 0HR, Tipton, West Midlands, Unit 82, Great Bridge Industrial Estate.

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