May Textile Ltd

May Textile Ltd, based in Birmingham, UK, is a small, active company established eleven years ago in 2014. With five employees and £1,002,343 in assets, it operates from a real address at 81 Lombard Street. The company is led by one director and one owner, Yasin Haroon. It’s a regular importer, specializing in various textile products, sets, used clothing, and rags, with 52 months of import activity recorded, the last in November 2023. The company’s business involves the manufacture of other textiles n.e.c. industries.

The company’s website, May Tekstil, reveals a more extensive operation than initially apparent. It’s a Turkish-based textile manufacturer and trader, established in 1996. The website showcases a wide range of yarns, including Kamgarn, Streichgarn, Ring Spun, Cotton Ring, and Lambswool, catering to both industrial and hand-knitting markets. It highlights its sourcing of high-quality fibers from Egypt (Giza cotton), Turkey (silk), Australia (wool), and the United States (Supima fiber). The website emphasizes quality control, accreditation with renowned brands, and a commitment to customer satisfaction. It also includes news and events, such as participation in industry trade shows.

Financially, May Textile Ltd presents a mixed picture. Current assets decreased by 18% to £1,000,000, while net assets increased by 9.5% to £630,000. Cash reserves fell by 26% to £680,000, and creditors dropped by 42% within one year. Trade debtors increased by 11%, suggesting potentially better customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in cash reserves warrants attention. The accounts are unaudited, likely due to the company’s small size, and there is no auditor mentioned. It appears that the company is doing alright, but it could be better.

Registered in England/Wales under the registration number 08880515, with a registered address at B12 0QR, England, Birmingham, 81 Lombard Street.

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