Morgan Wright Limited

Morgan Wright Ltd from Mansfield UK: small company, active status, founded 12 years ago, 7 employees, £470,865 assets, virtual address, 3 directors, 2 owners. Regular importer of various textile products, sets, used clothing, and rags (82 months imported). Regular exporter of various textile products, sets, used clothing, and rags (3 months exported).

Morgan Wright Ltd operates as a wholesale supplier of textiles and home goods, primarily targeting trade customers. Their website, which is a trade-only platform, showcases a wide array of products from various brands, including Raine Humble, MeanWhile, and The Interiors Yard. The site offers a diverse selection, from kitchen textiles like tea towels and oven gloves to furniture, lighting, and soft furnishings. A key feature is the currency selector, allowing customers to view prices in various international currencies. The company also has a showroom, and encourages visits.

The business is clearly focused on B2B sales, as evidenced by the trade-only access requirement and the emphasis on wholesale pricing. While there’s no explicit e-commerce functionality (customers need to apply for an account), the website serves as a catalog and marketing tool for their trade customers. The sheer number of brands and products suggests a broad reach within the textile and home goods wholesale market.

Financially, Morgan Wright Ltd presents a mixed picture. While assets remain at £470,865, several key metrics have shifted. Cash reserves have fallen by 35%, settling at £98,000, and bank borrowings have decreased by 34%, now at £13,000. Creditors have also seen a significant drop, falling by 36% to £140,000, suggesting improved debt management. However, a notable increase in other creditors—rising by 290%—to £13,000, warrants further investigation. The company's small size—meeting two of three criteria for being a small company—helps it remain agile, but the decrease in cash reserves could present a challenge. The company is exempt from an audit, so the financial information is unaudited. The company has a real registered address, but the fact that fifty-one companies are registered there raises questions about its validity.

Registered in England/Wales under the registration number 08488984, with a registered address at NG18 1QH, England, Mansfield, Nottinghamshire, 7 St. John Street.

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