Rainbow Fabrics Limited

Rainbow Fabrics Ltd from Kilburn UK: small company, active status, founded 3 years ago, 5 employees, £85,549 assets, real address, 2 directors, 2 owners, e-commerce site. Regular importer of various textile products, sets, used clothing, and rags (3 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 last reported current assets is £85,549.

Rainbow Fabrics operates a vibrant e-commerce site specializing in fabrics, with a wide range of materials available, from block prints to velvet. The website highlights a commitment to sustainability, sourcing deadstock fabrics from luxury designers and highstreet retailers. It even has a "Fabric of the Week" feature and actively promotes customer creations on social media. The company has two branches, one in Enfield and another in Kilburn, and boasts a perfect 5.0 Google rating.

Financially, Rainbow Fabrics Ltd has seen some interesting shifts. Accrued liabilities increased by 56%, while cash bank on hand jumped a remarkable 690% to £23,000. Merchandise also saw a significant boost, rising 110% to £61,000. However, net assets have also increased by 200% to £24,000. Creditors have also increased by 200% to £69,000. The company’s small size and lack of an auditor (likely exempt as a small company) mean the figures are unaudited.

It seems like the company is experiencing growth, but it’s also taking on more debt. Whether this is a sustainable path remains to be seen, but the focus on deadstock fabrics and a strong online presence suggests a business with potential.

Registered in England/Wales under the registration number 13901557, with a registered address at EN1 1SJ, England, Enfield, Unit 4 Baird Road.

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