Minerva Fabrics Limited

Minerva Fabrics Ltd, based in Darwen, UK, is a small, family-run business with an active status. Founded 22 years ago in 2003, the company employs 49 people and holds £4,845,911 in assets. It operates from a real address within the Minerva Craft Centre and is overseen by four directors and two owners. The firm boasts a stellar 5.0 Google rating based on 800 reviews and regularly imports knitted or crocheted fabrics—a consistent 54 months of import activity recorded.

The company’s website, Minerva Shop, is a simple e-commerce platform, focusing on trending fabrics and offering a straightforward shopping experience. It lacks extensive product descriptions or detailed information about the company's history, suggesting a focus on direct sales rather than elaborate branding. The site's minimalist design and lack of customer testimonials hints at a business that prioritizes functionality over elaborate marketing.

Financially, Minerva Fabrics Ltd presents a mixed picture. While current assets remained stable at £4,800,000, bank borrowings increased significantly by 50%, reaching £1,300,000. Cash reserves decreased by 20% to £72,000, and trade creditors also increased by 14%, reaching £190,000. 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 rise in debt could indicate increased operating costs or investment in inventory. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

Overall, Minerva Fabrics Ltd appears to be a well-regarded, established business, but the rising debt levels warrant close monitoring. The company's family ownership and positive customer reviews suggest a strong foundation, but the financial data indicates a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 04703503, with a registered address at BB3 3BY, Darwen, Lancs, Minerva Craft Centre, Atlas Road.

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