Shorts Of Hawick Limited

Shorts Of Hawick Ltd from Hawick UK is a small company, holding company, with an active status, founded 27 years ago. The business employs 25 people and holds £932,710 in assets. It has five directors and two owners, and operates from a real address. The company regularly imports wool and animal hair products (11 months imported) and exports various textile products, sets, used clothing, and rags (2 months exported).

The company operates in the manufacture of knitted and crocheted fabrics industries. Shorts Of Hawick Ltd is 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 10. The business is a regular importer, with its top import category being Wool and animal hair products, totaling 11 months of imports. The last import operation was conducted on February 01, 2025. The company is an irregular exporter, with its top export categories including Various textile products, sets, used clothing, and rags, totaling 2 of months exports. The last export operation took place on December 01, 2024.

Financially, Shorts Of Hawick Ltd has seen some changes. Current assets decreased by 7.6% to £930,000, while net assets plummeted 77% to just £240,000. Bank borrowings surged, reaching £600,000, and cash reserves fell 15% to £600,000. On the upside, creditors decreased by 34%, suggesting better debt management. The company’s small size helps it stay agile, but the sharp equity drop raises questions. The company’s financial statements are unaudited, and there is no auditor mentioned.

The decrease in average number of employees from 25 to 18 is a notable change. This could be due to restructuring, seasonal fluctuations, or changes in business strategy. The increase in amounts owed to group undertakings is also worth noting, suggesting a closer relationship with other companies within the group. The significant drop in trade debtors is a positive sign, indicating improved collection of payments from customers. Overall, Shorts Of Hawick Ltd appears to be facing some financial challenges, but its small size and agility may help it navigate these difficulties.

Registered in Scotland under the registration number SC184859, with a registered address at TD9 7DP, Scotland, Hawick, Ladylaw Mill, Bath Street.

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