M.& N.textiles Limited

M And N Textiles Ltd, based in Heaton Mersey, UK, is a small, holding company with an active status, having been founded 65 years ago in 1959. The company employs 13 people and holds assets totaling £10,087,094. It operates from a virtual address, a detail flagged by the presence of 19 other companies registered at the same location. The business is overseen by four directors and has one reported owner. Google users rate it 4.0 out of 5 based on two reviews. It's a regular importer, specializing in cotton products, with 422 months of import activity recorded, the latest being February 2025.

The company's primary activity is wholesale of textiles, though no e-commerce presence is apparent from available information. It's a small company, meeting two of three criteria for size: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. This allows for agility, but also presents challenges in scaling.

Financially, M & N Textiles Ltd shows a mixed picture. While cash reserves increased significantly by 840%, reaching £1.1 million, net assets only increased by 2.6% to £12 million. Bank borrowings were reduced dramatically, dropping 96% to just £22,000, a positive sign. However, trade debtors decreased by 11%, suggesting potential issues with customer payments. Depreciation charges on motor vehicles increased by 140%, which could indicate investment in new equipment, or perhaps an accounting adjustment. Creditors decreased by 18%, which is a good sign. The company’s unaudited financial statements, prepared using CCH Software, are reviewed by Lopian Gross Barnett & Co.

Overall, M & N Textiles Ltd appears to be navigating a stable, if somewhat constrained, financial position. The increase in cash reserves is encouraging, but the decrease in trade debtors warrants monitoring. The company's longevity and established position in the textile wholesale market suggest resilience, but future success will depend on maintaining strong customer relationships and adapting to evolving market demands.

Registered in England/Wales under the registration number 00633335, with a registered address at SK4 3GN, Heaton Mersey, Cheshire, 10 Riverview The Embankment, Vale Road.

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