Mare Textile Ltd

Mare Textile Ltd is a small, active company based in Harlow, UK, founded six years ago in 2018. With £191,885 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner, Santaniello Ruveyda. The business operates in the wholesale of textiles industries and is a regular importer of clothing and accessories made by knitting or crocheting, with 74 months of import activity recorded, the latest in June 2024.

The company’s website, Mare Textile, positions itself as a fashion supplier offering garment design and production services, particularly for women's wear, but also catering to unisex and menswear ranges, as well as accessories. It has a London-based office and a Turkish office to celebrate its heritage and growing network of factories. The site emphasizes quality and design, and includes a section dedicated to recycling clothing, suggesting a commitment to sustainability. It even has a blog post about the importance of donating clothes and textile recycling programs.

Financially, Mare Textile Ltd shows a mixed picture. Current assets increased by 40% to £190,000, while net assets plummeted 81% to just £2,900. Bank borrowings decreased by 21%, reaching £16,000, and cash reserves fell 38% to £9,200. Trade debtors ballooned by 98%, suggesting delayed customer payments or expanded credit terms, and creditors rose 56% to £110,000. 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 agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Mare Textile Ltd appears to be navigating a period of change. While its import activity and design services seem robust, the financial data suggests a need for careful management. Whether it can sustain its growth and maintain its commitment to quality remains to be seen.

Registered in England/Wales under the registration number 11566932, with a registered address at CM20 2NQ, England, Harlow, Harlow Enterprise Hub Kao Hockham Building, Edinburgh Way.

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