K V Manufacturing Limited

K V Manufacturing Limited, based in Burgess Hill, UK, is a small, family-run business with an active trading status. Founded ten years ago in 2014, it employs eleven people and holds £415,500 in assets. The company operates from a real address and is overseen by four directors and two owners. It’s a regular importer of man-made filaments and related materials, with 83 months of import activity recorded, the latest in August 2024. It exports clothing and accessories made by knitting or crocheting, but only for one month, in October 2023.

The company’s website highlights its expertise as a sock manufacturer in England, emphasizing quality control through 100% hand inspection. K V Manufacturing boasts a global network of suppliers and even has parent companies in Thailand and China, allowing for flexible production capabilities. It caters to both men and women, offering sports socks, mercerized Egyptian socks, and various fashion styles. The website also mentions a partnership with Ranger Lab and emphasizes its commitment to teamwork, sustainability, and supporting the local community.

Financially, K V Manufacturing Limited shows a mixed picture. Current assets have decreased by 24% to £420,000, while net assets have fallen 18% to -£600,000. Cash reserves have plummeted 61% to £140,000, and bank borrowings have vanished completely. Creditors have increased by 83% to £88,000, and trade debtors have exploded by 1200% to £45,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the significant equity decline raises concerns. The average number of employees has increased by 45% to sixteen, which could be a sign of growth or a temporary surge in workload. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, K V Manufacturing Limited is facing financial pressures, despite its strong brand and commitment to quality. The company’s global network and flexible production capabilities may be key to navigating these challenges and sustaining its position as a leading sock manufacturer.

Registered in England/Wales under the registration number 09144374, with a registered address at RH15 9TN, Burgess Hill, West Sussex, Unit 1 Site J, Albert Drive.

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