Sterling Textiles Limited

Sterling Textiles Ltd, based in Wolverhampton, UK, is a small, family-run business with an active status, celebrating 33 years since its founding in 1991. Employing just five people, the company holds £968,282 in assets and operates from a real address, managed by three directors and two owners. It boasts a stellar 5.0 Google rating based on a single review. While a regular importer, its top import category is listed as “None,” with no import activity recorded in the last four months.

The company's website reveals a focus on supplying the automotive, rail, marine, and headboard component markets. It’s a leading wholesaler of headboard components and textiles in the UK, offering a wide range of materials and even a bespoke lamination service. Recent updates highlight efforts to expand its headboard component range and maintain ISO 9001 registration. The site also emphasizes responsibly sourced materials from FSC-certified forests.

Financially, Sterling Textiles Ltd presents a mixed picture. Cash bank on hand increased by 6.4% to £480,000, while current assets only rose slightly to £970,000. Trade debtors, however, jumped by 24% to £220,000, which could indicate increased sales or extended payment terms. Creditors also increased by 4.9% to £200,000. The company’s small size—meeting two of three criteria for a small company—allows for agility. Intangible assets have grown by 15% to £20,000, but net assets remained steady at £860,000. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Sterling Textiles Ltd seems to be holding its own, though the increase in debtors warrants a closer look. The company's focus on quality and sustainability, combined with its long-standing presence in the market, suggests a stable, if not particularly rapid-growth, business.

Registered in England/Wales under the registration number 02646512, with a registered address at WV1 4EG, Wolverhampton, West Midlands, 3rd Floor, Regent House Bath Avenue.

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