Louietex Ltd

Louietex Ltd, based in Gateshead, UK, is a small holding company with an active status, having been founded sixteen years ago in 2008. The company employs thirteen people and holds assets valued at £2,261,265. With two directors and one owner, it operates from a real address and regularly imports clothing and accessories (not knitted or crocheted), with a history of 245 months of import activity.

Louietex Ltd functions as a wholesale supplier within the clothing and footwear industries. Its website details a focus on design and production, boasting a creative studio and fabric development teams. The company specializes in woven tops, dresses, and shirts, sourcing materials from Bangladesh, India, China, and Pakistan. It emphasizes quality assurance, production efficiency, and a commitment to health and safety for its workforce, which includes 2,600 employees at its production facility in Bangladesh. The company even has a research and development team.

Financially, Louietex Ltd shows some concerning trends. Current assets have fallen by 35%, dropping to £2,300,000, while net assets have also decreased, falling 3.4% to £530,000. Bank borrowings have dramatically increased, surging 59% to £870,000, and cash reserves have plummeted 71% to £99,000. Trade debtors have also declined by 18%, suggesting a possible slowdown in customer payments. Despite being a small company (meeting two of three criteria for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), these figures indicate a potential strain on the company’s financial health. The accounts are unaudited, a common occurrence for small companies. It’s unclear if the company is burning through money or if these changes are part of a larger strategic shift.

Registered in England/Wales under the registration number 06715478, with a registered address at NE11 9JR, Gateshead, Tyne & Wear, Louie House Lancaster Road, Dunston Industrial Estate.

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