Paragon Microfibre Limited

Paragon Microfibre Limited is a small, holding company based in Tunbridge Wells, UK, with an active status. Established 22 years ago in 2002, the company employs eight people and holds £804,359 in assets. It operates from a virtual address – a bit odd, as 111 companies are registered at the same location. The business is led by one director and one owner, though the owner list has changed recently.

The company’s core business revolves around importing and exporting textile products, sets, used clothing, and rags. It’s been importing for 12 months, with the last operation in February 2025, and exporting for 10 months, with the last operation in August 2024. Its website, paragonmicrofibre.com, is a well-designed e-commerce site specializing in microfibre cloths and related products. The site showcases a wide range of cloths for automotive, household, and commercial use, with a focus on quality and competitive pricing. It even offers bespoke branding and wholesale options, targeting businesses looking for custom microfibre solutions.

Financially, Paragon Microfibre Limited presents a mixed picture. While net assets increased slightly to £630,000, cash reserves saw a substantial jump, rising 1700% to £140,000. However, bank borrowings also increased, climbing 19% to £20,000. Creditors increased by 58%, reaching £230,000, and trade debtors decreased by 45%, to £110,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the rise in creditors suggests a need for careful cash flow management. The company’s accounts are unaudited, as it’s exempt due to its size, and no auditor is listed.

The company’s turnover, though not explicitly stated, is likely under £10.2 million, given its status as a small company. The significant increase in cash reserves is a positive sign, suggesting improved sales or better cost control. The company’s focus on automotive products and bespoke branding indicates a strategy to cater to niche markets and build strong customer relationships.

Registered in England/Wales under the registration number 04428125, with a registered address at TN1 2EP, England, Tunbridge Wells, 10 Upper Grosvenor Road.

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