Michael's Bridal Fabrics Limited

Michael S Bridal Fabrics Ltd, based in Middlesex, UK, is a small, active company established 29 years ago. With 14 employees and £1,075,724 in assets, it’s a well-established player in the fabric trade. The company operates from a real address and is managed by one director and owner. It’s a regular importer and exporter of special woven and decorative fabrics, with 209 months of import activity and 54 months of export activity recorded, the latest in January 2025 for imports and February 2025 for exports.

The company’s website showcases a wide range of fabrics, accessories, and related services. It's clear that the business operates primarily as a wholesale supplier, with a focus on online sales and customer service. The site includes a student enquiry contact form and a sign-up for emails, suggesting a strategy to engage with new customers and build a mailing list. There’s also a section dedicated to upcoming trade shows and exhibitions, indicating an active approach to networking and promoting its products. While the website doesn's explicitly mention e-commerce, the online presence and focus on customer service imply a modern approach to sales.

Financially, Michael S Bridal Fabrics Ltd shows a mixed picture. Bank borrowings have increased significantly by 56%, reaching £510,000, while cash reserves have fallen by 110% to £110,000. Creditors decreased by 36%, which is a positive sign, but net assets have declined by 22% to £210,000. Average number of employees reported has decreased by 14%, which could be due to restructuring or seasonal fluctuations. Trade debtors have increased by 10%, suggesting a potential delay in customer payments. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned likely means the accounts are unaudited.

Overall, Michael S Bridal Fabrics Ltd appears to be navigating a period of change. The increase in borrowing suggests a potential investment or expansion, but the decline in cash reserves and net assets warrants closer attention. The company’s long-standing presence in the industry and its focus on customer service provide a solid foundation, but its financial health will depend on its ability to manage its debts and maintain a steady stream of sales.

Registered in England/Wales under the registration number 03184525, with a registered address at HA5 3LA, Middlesex, Westgate Chambers, 8a Elm Park, Road, Pinner.

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