Peter Horton Textiles Limited

Peter Horton Textiles Ltd from Oldham, UK, is a small, family-run business with an active status, having been founded nineteen years ago in 2005. The company employs four people and holds £1,686,780 in assets. It operates from a virtual address, with twelve companies registered at the same address, and is managed by two directors and two owners. Peter Horton Textiles is a regular importer of man-made filaments and related materials, with sixteen months of import activity recorded, the latest in June 2024. It also exports clothing and accessories irregularly, with just two months of export activity, the last in December 2022.

The company’s website showcases a range of fabrics at affordable prices, including pima cotton lawn prints, cotton poplin prints, and various blends like polyester and polycotton. It appears to be a wholesale operation, primarily serving other businesses rather than directly selling to consumers, and the site doesn't offer a shopping cart or direct purchase options. There’s a simple “Contact” page, suggesting a more traditional, relationship-based sales approach.

Financially, Peter Horton Textiles Ltd shows a mixed picture. Current assets increased by 18% to £1,700,000, while net assets also rose by 11% to £1,400,000. Bank cash reserves remained stable at £920,000. However, creditors significantly increased by 72% to £260,000, and trade debtors surged by 86% to £540,000, which could indicate challenges in collecting payments or a strategy of extending credit to customers. Depreciation charges are consistent, and the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible. No auditor is mentioned, likely due to its small size, so the figures are unaudited.

Overall, Peter Horton Textiles Ltd seems to be holding its own, with a solid base of assets and a growing customer base. The increase in creditors and debtors should be monitored closely, but the company’s established position in the textile wholesale market suggests it’s well-positioned for continued success.

Registered in England/Wales under the registration number 05477323, with a registered address at OL4 3BH, Oldham, Lancashire, Blake House, 11 High Street, Lees.

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