Rehmat Tex Ltd

Rehmat Tex Ltd, based in Barking, UK, is a small, active company founded five years ago. With a single employee and £582,516 in assets, it’s a solo founder operation led by a director and owner, Naqi Saqib. The company regularly imports and exports various textile products, sets, used clothing, and rags—92 months of import activity and 6 months of export activity recorded, with the latest export in December 2024. It has a real address and operates from Unit 5, Balmoral Trading Estate.

The company’s website, Rehmat Collection, showcases a range of home textiles, including bed linen, cushions, blankets, and towels. It appears to be an e-commerce business, offering products online and encouraging customers to “Shop Now” for affordability and guaranteed quality. The site highlights experienced supply chain management and efficient operations, catering to both retail customers and special requests. It even has a physical store open seven days a week.

Financially, Rehmat Tex Ltd presents a mixed picture. While cash bank on hand dropped by 32% to £220,000, fixed assets saw a significant 71% increase to £28,000. Bank borrowings decreased by 30% to £160,000, which is a positive sign. However, accrued liabilities rose by 30% to £1,900, and net assets remained steady at £230,000. Creditors decreased by 1.3% to £290,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and only one employee. The lack of an auditor mentioned suggests it’s exempt as a small company.

Overall, Rehmat Tex Ltd seems to be navigating a period of change. While the company's assets are substantial, the decrease in cash reserves and increase in liabilities suggest it’s burning through money. The solo founder model may be efficient, but it also presents management challenges.

Registered in England/Wales under the registration number 12167180, with a registered address at IG11 0EG, England, Barking, Unit 5, Balmoral Trading Estate, 113 River Road.

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