Somac Threads Limited

Somac Threads Ltd from Chester, UK, is a small, active company established fourteen years ago. With twenty-six employees and assets totaling £2,187,452, it operates from a real address and is overseen by three directors and two owners. The company regularly imports and exports man-made filaments and related materials, with a history of forty-nine months of imports and nineteen months of exports.

The company's website showcases a range of yarns, including Enka Viscose, polyester, acetate, and viscose in various colors. It also distributes the Holrose range of sewing threads, encompassing Vanguard spun polyester monofilaments, polycottons, and other specialized yarns. Somac Threads emphasizes quality, highlighted by its ISO 9001 compliance, and offers a wide variety of sewing threads, weaving, and knitting yarns. The website also includes contact information and directions to its location.

Financially, Somac Threads Ltd presents a mixed picture. Current assets have decreased by 3.4%, while fixed assets have fallen by 10%. However, cash bank on hand has increased by 8.4%. Liabilities have also seen changes, with accrued liabilities increasing by 41.0% and deferred tax liabilities decreasing by 27.0%. Bank borrowings have been reduced by 100%, and cash reserves have increased. Trade creditors have decreased by 25%. The company meets the criteria for a small business, with turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit.

Overall, Somac Threads Ltd appears to be navigating a period of change, with some areas of financial strength offset by declines in other areas. The company's continued focus on quality and its diverse product range suggest a commitment to long-term sustainability.

Registered in England/Wales under the registration number 07555882, with a registered address at CH4 8RQ, Chester, Riverside House River Lane, Saltney.

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