Mcandrew (textiles) Limited

Mcandrew Textiles Ltd from Halifax, UK, is a small holding company with an active status, established 27 years ago in 1997. The company employs five people and holds assets valued at £398,621. It operates from a real address and is overseen by two directors and a single owner. Regular importing of cotton products has been ongoing for 18 months, with the last import occurring in January 2025. Exporting man-made staple fibers has been happening for 5 months, with the most recent export in April 2023.

The company’s core business revolves around the manufacture of woven or tufted carpets and rugs. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. It’s a tight-knit operation, with a real registered address and a small team.

Financially, Mcandrew Textiles Ltd shows some interesting trends. Current assets have decreased by 9.5% to £400,000, while net assets have fallen 7.5% to £320,000. Bank borrowings have remained stable, and cash reserves have increased by 39% to £190,000 – a positive sign. Trade debtors have risen by 5.5% to £150,000, which could indicate increased sales, but creditors have also fallen by 21% to £57,000, suggesting improved debt management. The company’s small size and lack of employees (five reported) allows for flexibility, but the decrease in net assets warrants attention. As a small company, it is exempt from an audit, so the figures are unaudited.

The company's financial data indicates a mixed picture. While cash reserves have increased, the decrease in net assets suggests a possible need for careful financial planning. The company's reliance on imports and exports, and its position within the carpet and rug manufacturing industry, will likely influence its future performance.

Registered in England/Wales under the registration number 03377701, with a registered address at HX1 5DJ, Halifax, West Yorkshire, Lewis Street Mills, Lewis Street.

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