Merchant Fabrics Limited

Merchant Fabrics Ltd, based in Nottingham, UK, is a small, active company founded 18 years ago. With just two employees and £77,056 in assets, it's a solo-founder operation led by a single director and owner. The company operates from a virtual address, registered with 22 other businesses, and regularly imports knitted or crocheted fabrics—five months of import activity recorded, with the latest in January 2023.

The company's website highlights its role as a UK fabric merchant, specializing in buying and selling redundant fabric stocks. It operates from modern warehousing in Nottingham, with easy access to major transport routes. The business emphasizes low overheads and a "no-frills" approach, offering competitive prices. It’s clear the business is focused on wholesale textile trading.

Financially, Merchant Fabrics Ltd presents a mixed picture. Current assets have decreased by 16%, falling to £77,000, while bank borrowings have increased by 7%, reaching £24,000. Creditors have also decreased slightly, by 2.7%. 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 assets is noticeable. The number of employees increased from two to three, which is a positive sign. With no auditor mentioned (likely exempt as a small company), the figures are based on unaudited statements.

Overall, Merchant Fabrics Ltd seems to be navigating a challenging environment, but its focus on wholesale trading and cost-conscious operations may help it weather the storm.

Registered in England/Wales under the registration number 06195440, with a registered address at NG12 4DG, England, Nottingham, Unit 8, Wheatcroft Business Park Landmere Lane, Edwalton.

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