Sim Textile Ltd

Sim Textile Ltd is a small, active company based in Kingston Upon Thames, UK, founded three years ago in November 2021. With a real address and just one employee, the company holds £18,495 in assets and is led by a single director and owner, who is also the solo founder. It operates in the wholesale of textiles, retail via stalls and markets, mail order houses or internet, and acts as an agent in the textile, clothing, fur, footwear, and leather goods industries.

The company’s website is currently unavailable, so it’s difficult to determine the specifics of its online presence or e-commerce activities. However, the range of industries it operates in suggests a diverse business model, potentially involving both direct sales and acting as a middleman.

Financially, Sim Textile Ltd shows a mixed picture. While cash bank on hand increased by 6.5% to £18,000, creditors decreased by 48% to £4,300. Trade debtors remained constant at £4. Net assets also increased by 28% to £11,000. The company’s small size—meeting two of three conditions for a small company—helps it maintain agility. The company’s accounts are unaudited and were prepared using FRS 102. The director acknowledges their responsibilities under the Companies Act.

Overall, Sim Textile Ltd appears to be a small, privately-owned business navigating the challenges of a competitive market. The increase in net assets is a positive sign, but the lack of a website and the absence of detailed financial information make it difficult to assess its long-term prospects.

Registered in England/Wales under the registration number 13727418, with a registered address at KT2 5PY, England, Kingston Upon Thames, Flat 27, Cranmer Court, Richmond Road.

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