Luxury Textiles Ltd

Luxury Textiles Ltd, based in Kinross, UK, is a small, active company founded three years ago. With two employees and £164,231 in assets, it's a solo-founded venture led by a single director and owner. The company regularly imports clothing and accessories – not knitted or crocheted – with 23 months of import activity recorded, the last in January 2025.

The company’s website, Luxury Fabrics, positions itself as a leading supplier of luxury cloths and fabrics, showcasing brands like William Halstead, John Foster, and Kynoch of Scotland. It boasts over 850 years of combined weaving experience and emphasizes an unrivalled selection of fabrics and designs. The site also highlights its commitment to customer service and offers a range of services, including bespoke fabric sourcing and expert advice. The site is well-designed and professional, with a focus on high-quality imagery and detailed product descriptions. They even have a presence in Asia, with scheduled visits in May.

Financially, Luxury Textiles Ltd presents a mixed picture. Cash bank on hand decreased by 24% to £52,000, while current assets increased by 40% to £160,000. However, trade debtors surged by a significant 160% to £110,000, which could indicate challenges in collecting payments. Creditors also increased by 53% to £130,000, and bank borrowings are up 62%. While the company’s net assets remained relatively stable at £32,000, the increase in liabilities suggests it's burning through cash. The company is small, meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There’s no auditor mentioned, which is likely due to its small size and exemption from an audit.

Overall, Luxury Textiles Ltd appears to be navigating a period of growth, but the rising debt levels warrant close attention. The company's focus on premium brands and its online presence suggest a potential for continued success, but managing its finances will be crucial for long-term sustainability.

Registered in Scotland under the registration number SC731491, with a registered address at KY13 9DA, United Kingdom, Kinross, Perth & Kinross, Kingfisher House, Auld Mart Business Park.

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