Marvic Textiles Limited

Marvic Textiles Ltd from London UK is a small, active company with a long history, having been founded 87 years ago in 0ctober 1937. Employing 15 people, the company holds £1,008,934 in assets and operates from a real address. While it has one director, there are no owners listed, which is a bit unusual. Marvic Textiles is a regular importer of special woven and decorative fabrics, bringing in goods for 122 months, and a regular exporter of man-made staple fibers, with 177 months of export activity.

The company's website, Marvic Textiles, describes itself as a provider of “superior furnishing fabrics and wallcoverings” and mentions javascript is required to render. This suggests a fairly traditional, perhaps older, website design that may not be fully optimized for modern e-commerce. It’s not clear if the company actively sells online, or if the website serves primarily as a catalog or marketing tool.

Financially, Marvic Textiles presents a mixed picture. While net assets increased by 14%, reaching £650,000, cash reserves took a significant hit, plummeting 80% to just £16,000. Bank borrowings decreased by 57%, to £28,000, and creditors also fell by 33%, to £370,000, which could be a sign of better debt management. Trade debtors, however, dropped by a substantial 68%, to £34,000, which may indicate delayed customer payments or a change in credit terms. The company’s small size (meeting two of three conditions for being classified as small) helps it remain flexible, but the sharp decline in cash reserves warrants closer attention. As a small company, it is exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 00332744, with a registered address at W3 0RA, London, Unit 3 Westpoint Trading Estate, Alliance Road.

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