New Wave (international) Limited

New Wave International Ltd from Leicester UK: a small company with an active status, was founded five years ago and employs two people. It holds assets valued at £1,234,712 and has a real address, managed by three directors and one owner – a solo founder. The company is a regular importer of knitted or crocheted fabrics, with 35 months of import activity recorded, the latest in December 2024.

The company’s website, New Wave Fabrics, operates as a fabric supplier, showcasing a wide range of materials including crochet, lace, mesh, and velvet. The site features a “Shop Stock” section with quick views of various fabrics, alongside an “On Trend Fabrics” and “Industry Favourites” section. It emphasizes a handpicked collection, UK-based operations, and fast UK shipping. The site also highlights wholesale pricing for orders exceeding 20 meters, encouraging bulk purchases. A blog section provides information on fabric sourcing, quality assurance, and industry trends.

Financially, New Wave International Ltd shows some interesting shifts. Cash bank on hand increased significantly by 190% to £54,000, while creditors rose by 50% to £1,200,000. Trade debtors decreased slightly by 2.7% to £480,000. Equity grew by 97% to £84,000, reflecting retained earnings. The company’s small size—meeting two of three conditions for being classified as small—helps with agility, but the increase in creditors suggests a reliance on credit. Net current assets liabilities increased by 97% to £80,000. The company’s accounts are unaudited, and the accounts are prepared in accordance with Financial Reporting Standard 102.

Overall, New Wave International Ltd appears to be growing, with increased cash reserves and equity. However, the rise in creditors warrants monitoring. The company’s focus on fabric sourcing and quality assurance, combined with its online presence, positions it well in the competitive textile market, though the figures suggest it’s burning through money a little bit.

Registered in England/Wales under the registration number 12550515, with a registered address at LE5 4HJ, United Kingdom, Leicester, 340 Saint Saviours Road.

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