Prestigious Textiles Limited

Prestigious Textiles Ltd, based in Bradford, UK, is a 37-year-old family business with a strong presence in the textile industry. Holding active status, the company employs 110 people and boasts assets of £22,175,331. With six directors and three owners, the business operates from a real address and has a respectable 4.0 Google rating based on 39 reviews. The company regularly imports and exports man-made filaments and related materials, with 1235 months of import activity and 969 months of export activity recorded.

The company's website showcases a diverse range of textile products, including interior fabrics, wallpapers, and contract textiles. It operates through three main divisions: fabrics, wallpaper, and contract textiles, all available through its online store. The site also features a “PT Print Studio” offering bespoke printing services. The company's marketing materials highlight its commitment to trend-led designs, quality materials, and a wide selection of styles.

Financially, Prestigious Textiles Ltd’s recent report reveals some interesting trends. Accrued liabilities and deferred income decreased by 19% and 28% respectively, suggesting improved financial management in these areas. However, accumulated amortisation and impairment of intangible assets increased by 16%, likely due to ongoing investments in the business. Despite a decrease in average employees by 5.5%, the company’s cash and cash equivalents increased by a substantial 28%, indicating a healthier short-term financial position. Turnover decreased by 14%, which could be due to several factors, including changing market conditions or increased competition. The company’s auditor, Firth Parish, has given the financial statements an unqualified opinion.

While the company’s assets are considerable, the decrease in turnover and increase in accumulated amortisation warrant closer monitoring. The company’s continued focus on design and online presence, however, suggests a commitment to adapting to changing market trends.

Registered in England/Wales under the registration number 02219358, with a registered address at BD4 0SG, Bradford, West Yorkshire, 4 Cross Lane, Westgate Hill Street.

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