N & K Textiles Ltd

N & K Textiles Ltd, based in Oldham, UK, is a small, active company founded five years ago. With a single employee and £33,003 in assets, it operates from a real address and is managed by one director and owner, boasting a stellar 5.0 Google rating from seven reviews. The company is an irregular importer, primarily dealing in various textile products, sets, used clothing, and rags, with its last import activity recorded one month ago.

The company’s website, Nicola Killeen Textiles, showcases a London-based studio specializing in unique textiles for theatre, opera, ballet, film, TV, fashion, interiors, and art. Established for over 30 years, it has worked on high-profile projects like the 2012 Olympic Games opening and closing ceremonies, dressing James Bond, and creating costumes for The Teletubbies. The studio uses a wide range of techniques, from digital and handpainted artwork to screenprinting and textile special effects.

Financially, N & K Textiles Ltd presents a mixed picture. Accumulated depreciation increased by 30%, while bank borrowings decreased by 30%, and cash bank on hand rose by 170%. However, creditors decreased by 6.5%, and trade debtors increased by a massive 490%, suggesting a potential issue with collecting payments. Equity decreased by 19%, which is a concerning trend, and total inventories dropped by 45%. The company meets two of three conditions to be considered small, with a turnover under £10.2 million and assets under £5.1 million. There's no mention of an auditor, likely due to its small size.

Overall, N & K Textiles Ltd appears to be navigating a period of change. The sharp increase in trade debtors is something to keep an eye on, and the decrease in equity raises questions about its long-term financial health. It seems the company is trying to keep its head above water, but its future depends on managing its finances and continuing to secure high-profile projects.

Registered in England/Wales under the registration number 12198682, with a registered address at OL4 1RX, England, Oldham, 74 Minton Street.

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