Osgood Textiles Limited

Osgood Textiles Ltd, based in London, UK, is a small, active company with a long history, having been founded 58 years ago in 1966. With just five employees and £329,779 in assets, it’s a tightly run operation led by a solo founder who also serves as director and owner. The company operates from a real address and regularly imports clothing and accessories—excluding knitted or crocheted items—for around twelve months, with the last import occurring in 2019. Conversely, it exports clothing and accessories made by knitting or crocheting for approximately seven months, with the last export in 2022.

The company’s website, while not detailed, suggests a focus on wholesale clothing and footwear industries. It's unclear if Osgood Textiles Ltd has an e-commerce presence, but the focus on wholesale implies a business-to-business model rather than direct consumer sales.

Financially, Osgood Textiles Ltd presents a mixed picture. While cash reserves increased by a respectable 45% to £200,000, net assets have decreased by 20% to £2.4 million. Trade debtors have fallen significantly by 40% to £130,000, which could indicate better collection practices, or potentially reduced sales. Creditors, however, have risen by 25% to £110,000. The company’s small size—meeting two of three criteria for being considered small—allows for agility, but the decrease in equity is a point of concern. Bank borrowings have also increased, which may be a result of the company trying to manage its cashflow. No auditor is mentioned, which is typical for companies of this size.

Overall, Osgood Textiles Ltd appears to be navigating a period of change. The increase in cashflow is a positive sign, but the decrease in equity and rise in creditors warrant careful monitoring.

Registered in England/Wales under the registration number 00888213, with a registered address at E1W 3TH, England, London, Flat 8 Great Jubilee Wharf, 78 Wapping Wall.

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