Slick Stitch Embroidery Company Limited

Slick Stitch Embroidery Company Ltd from Wolverhampton UK: a large, holding company with an active status, was founded 33 years ago in 1991. The company employs 353 people and holds assets valued at £6,921,540, generating a yearly revenue of £11,578,591. It has a real address, is overseen by four directors and three owners, and operates as a family business, boasting a 4.0 Google rating from 77 reviews. The company regularly imports and exports clothing and accessories made by knitting or crocheting, with 37 months of import activity and 67 months of export activity.

The company's website highlights Slick Stitch as a leader in embroidery and personalisation, focusing on technology and lean manufacturing. It offers total fulfilment solutions, embellishments, and operates a dedicated technology layer, managing integrations with various platforms. The site showcases work with major brands and emphasizes quality and ethical standards. Slick Stitch even provides a drone video tour of its facility, offering a unique perspective on its operations.

Financially, Slick Stitch shows some interesting trends. While current assets increased by a healthy 26% to £6.9 million, net assets decreased by 13% to £4.9 million. Bank borrowings decreased by 80% to £75,000, and cash reserves jumped a significant 98% to £450,000. Creditors also decreased by 6%, suggesting better debt management. The company meets two of three criteria to be considered large, with turnover exceeding £36 million, balance sheet total over £18 million, and more than 250 employees. The company’s turnover remained steady at £12 million.

The sharp decrease in goodwill is noticeable, which could be due to a revaluation or write-off. The company’s reliance on group undertakings for loans and the increase in administrative expenses by 19% are also points to consider. The company’s auditor is Luckmans Duckett Parker Limited. Overall, Slick Stitch appears to be a financially stable company, but the decrease in net assets warrants further investigation.

Registered in England/Wales under the registration number 02627116, with a registered address at WV1 2BF, England, Wolverhampton, Dixon House, Old Heath Road.

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