Mayer Textile Limited

Mayer Textile Limited is a small, active company based in Cheadle, UK, founded two years ago. It’s a solo-founded operation with one director and owner, employing just one person and operating from a virtual address shared by 118 other companies. The company specializes in the wholesale and retail of textiles, including online sales and market stalls.

The company’s website, Karl Mayer, showcases a vast range of textile machinery and solutions, primarily targeting warp knitting, technical textiles, and warp preparation for weaving. It’s a B2B operation, offering everything from high-speed knitting machines to advanced solutions like camera inspection systems and energy efficiency dashboards. The website also features a customer portal, academy with training programs, and a virtual showroom—all geared towards supporting its global clientele. While the website is extensive, it doesn's appear to be an ecommerce site for direct consumer sales.

Financially, Mayer Textile Limited presents a concerning picture. Net assets have plummeted to -£9,600, a significant decline from the previous year. Cash reserves are virtually nonexistent, and bank borrowings remain at £8,600. Trade creditors have remained steady at £750, suggesting consistent payment management, but the overall trend points towards a company struggling to build equity. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the unaudited figures rely on director-reported data.

The company's reliance on loans from its director, coupled with the negative equity, suggests it's burning through cash. While the Karl Mayer brand is well-established in the textile machinery industry, Mayer Textile Limited’s financial situation raises questions about its long-term viability. It’s likely the company is heavily reliant on securing new contracts and managing its expenses carefully to avoid further financial strain.

Registered in England/Wales under the registration number 14498347, with a registered address at SK8 3GP, England, Cheadle, 203,5300 Lakeside.

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