Ottoman Textiles Limited

Ottoman Textiles Ltd, based in Manchester, UK, is a small, active company established 38 years ago. Employing 11 people, it holds assets of £1,514,616 and operates from a real address, managed by two directors and a single owner. The business runs an e-commerce site and regularly imports furniture, lighting, and prefabricated buildings – a consistent pattern over the last 63 months, with the most recent import in February 1995. Exports, however, are sporadic, with just one month of activity recorded back in March 1993.

The company’s website, Ottoman Textiles Trade, presents itself as a trusted supplier of wholesale textiles and hotel bedding. It boasts a wide range of products, from pillows and bed sheets to kitchen and bath linen, catering to both commercial and individual customers. The site emphasizes competitive pricing, quantity-based discounts, and global delivery options. A key feature is the focus on wholesale accounts, encouraging businesses to register for discounted rates. The website also highlights the company’s 30 years of experience and international reputation for quality and reliability.

Financially, Ottoman Textiles Ltd shows a mixed picture. Cash bank on hand has decreased by 22% to £530,000, while current assets have fallen by 6.4% to £1,500,000. Trade debtors have seen a significant drop of 32%, suggesting improved collection practices. However, fixed assets have increased by 13%, possibly due to investments in equipment or property. Equity has remained relatively stable, growing by just 1.8%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s exempt from an audit, so the figures are unaudited.

The company’s increased inventory by 36%, which could indicate a build-up of stock or anticipation of future demand. While the business appears to be holding its own, the decline in cash reserves and the increased inventory warrant closer monitoring. The directors, Mr M Kaygusuz and Ms Lesley Hynes, will need to ensure efficient stock management and maintain strong customer relationships to navigate any potential challenges.

Registered in England/Wales under the registration number 02066022, with a registered address at M34 3DX, Manchester, Lancashire, Unit 4 Alexandra Industrial Est, Alexandra Road, Denton.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.