Parkin Fabrics Limited

Parkin Fabrics Ltd, based in Oldham, UK, is a small, active company established 36 years ago in 1988. Employing just four people, the business holds £188,360 in assets and operates from a real address within the Platt & Hill Industrial Park. With one director and one owner, Parkin Fabrics runs an e-commerce site specializing in millinery, haberdashery, and fabric supplies. The company regularly imports headgear and accessories, with 31 months of import activity recorded, and exports treated or layered fabrics for industrial use, with 18 months of export activity.

The website, Parkin Fabrics, showcases a vast range of products catering to milliners, crafters, and designers. It offers everything from cotton, hessian, and interfacings to feathers, ribbons, and specialized tools. The site is impressively detailed, with separate sections for winter millinery, cosplay materials, and furnishing fabrics, alongside a dedicated medical equipment section. The site also has a section for colour swatches and even offers quick shop options for various items.

Financially, Parkin Fabrics Ltd presents a mixed picture. Current assets have decreased by 39% to £190,000, while net assets have fallen significantly by 39% to £110,000. Cash bank on hand has also dropped by 50% to £27,000. Creditors have decreased, with both short-term and long-term obligations reduced, suggesting some improvement in debt management. The company meets the criteria for a small business, with turnover below £10.2 million, assets below £5.1 million, and fewer than 50 employees. The accounts are abridged and unaudited, and no auditor is mentioned.

The decline in assets and cash reserves could indicate increased operating expenses or slower sales, but the company’s established e-commerce presence and diverse product range suggest a potential for recovery. It’s clear that Parkin Fabrics is a long-standing player in its niche, but the financial data suggests it’s facing some challenges.

Registered in England/Wales under the registration number 02309411, with a registered address at OL8 2ES, England, Oldham, Unit 10 Platt & Hill Industrial Park, Fitton Hill Road.

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