Panache Textiles Limited

Panache Textiles Ltd from Bradford UK: small company, holding company, active status, founded 11 years ago, 4 employees, £318,566 assets, real address, 1 director, 1 owner, google rating 1.0 based on 1 reviews. Regular importer of knitted or crocheted fabrics (5 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the wholesale of textiles industries. Officially, it has one owner or PSCs, one director, and four employees.

The company’s website is currently unavailable, so it’s difficult to determine the extent of its online presence or e-commerce activities. Without a website to analyze, it's impossible to gauge its customer reach or sales channels beyond wholesale distribution.

Financially, Panache Textiles Ltd presents a mixed picture. While its assets remain relatively stable at £318,566, there's been a noticeable decrease in net assets, dropping by 13% to £210,000. Bank borrowings increased significantly by 7.6% to £950,000, suggesting a reliance on external financing. Cash reserves also declined, falling 80% to £6,800. On the positive side, creditors decreased by 7.6%, and debtors also saw a reduction. The company’s small size helps it stay agile, but the decrease in equity raises questions about its long-term financial health. The accounts are unaudited, so the figures rely on director-reported data. It's likely the company is not required to have an audit.

The company’s regular import activity, particularly its focus on knitted or crocheted fabrics, suggests a reliance on overseas suppliers. The last import operation was made on October 01, 2019, which is a long time ago, and might indicate a slowdown in demand or supply chain disruptions.

Registered in England/Wales under the registration number 08695355, with a registered address at BD8 9AD, England, Bradford, Belgravia House, Ingleby Street.

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