Sternberg Textiles Ltd

Sternberg Textiles Ltd, based in Manchester, UK, is a small, active company founded six years ago. With nine employees and £564,728 in assets, it’s a family-run operation led by two directors and a solo founder. The company regularly imports man-made filaments and related materials – 52 months of import activity recorded, the last in February 2025 – while exporting knitted or crocheted fabrics irregularly, with just one month of export activity as of March 2023.

Sternberg Textiles Ltd operates as a wholesale supplier of fabrics, with a long history – over 100 years – in the industry. Its website highlights a focus on fashion and furnishing fabrics, offering a "largest clearance stock list in the UK" and emphasizing exclusive designs created in collaboration with customers. They even offer a "Platinum service" for bespoke design, volume manufacture, and rapid distribution. The website also mentions a showroom in Harrods, London, which suggests a high-end division.

Financially, Sternberg Textiles Ltd shows some concerning trends. Current assets decreased by 31% to £560,000, while net assets fell 18% to £320,000. Bank borrowings decreased by 39%, reaching £16,000, and cash reserves dropped 62% to £100,000. Trade debtors decreased by 36%, suggesting better debt management. The company meets the criteria for a small company – turnover under £10.2m, assets under £5.1m, and fewer than 50 employees – and is likely exempt from an audit. The increase in inventory by 41% to £200,000 could be a sign of increased sales, or it could indicate a buildup of stock that hasn's been sold.

While the company’s long history and focus on customer collaboration are strengths, the decline in net assets and cash reserves warrant close attention. The company's focus on wholesale and clearance stock suggests a competitive market, and maintaining profitability will be key to its long-term success.

Registered in England/Wales under the registration number 11481895, with a registered address at M8 8BB, United Kingdom, Manchester, Benstern House, Elizabeth Street.

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