Star Wipes Ltd.

Star Wipes Ltd from Manchester UK: small company, holding company, active status, founded 13 years ago, 6 employees, £1,220,444 assets, real address, 2 directors, 1 owner. Regular importer of textile padding, felt, and nonwoven fabrics; special yarns; ropes and cables (40 months imported). It’s 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 50. The company operates in the other manufacturing n.e.c. industries. Officially, it has one owner or PSCs, two directors, and six employees.

Star Wipes Ltd is a rag manufacturer and distributor, supplying quality rags to companies nationwide. Its website showcases a wide range of products, from garment rags and linen supply rags to specialized wipers and absorbents. The company clearly focuses on ecommerce, with detailed product descriptions, a "request information" form, and a focus on customer service. They even have a sorting department and a cutting team, and offer services like laundry processing, metal detection, and knitting operations. The site highlights a commitment to quality control, absorbency, and customer care, with testimonials from satisfied clients.

Financially, Star Wipes Ltd shows some interesting trends. Creditors increased by 18%, reaching £1.5 million, while cash bank on hand rose by 49% to £60,000. However, net assets declined by 23% to -£240,000, and bank borrowings increased substantially, reaching £180,000. The company’s net deferred tax liability asset also increased significantly, by 1300%. While the company's assets are substantial, the negative equity suggests it's burning through cash. The number of employees increased slightly, by 17%, to seven. With no auditor mentioned, the figures are unaudited.

Overall, Star Wipes Ltd seems to be a well-established, albeit small, company with a focus on quality and customer service. However, the negative equity and increased borrowings suggest it may be facing financial challenges. Whether it can sustain its growth and profitability remains to be seen, but its niche focus on rags and its commitment to customer care position it for success.

Registered in England/Wales under the registration number 07696769, with a registered address at M4 6AF, Manchester, The Old School House, 39 Bengal Street.

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