Superfinish Elastics Limited

Superfinish Elastics Ltd, based in Leicester, UK, is a small, family-run business with an active status, celebrating 25 years in operation. With six employees and £401,343 in assets, the company operates from a virtual address, a detail worth noting as forty-three companies share the same location. It’s led by one director and two owners, and maintains a respectable Google rating of 4.0 based on eleven reviews. The business is a regular importer, specializing in special woven and decorative fabrics, with 82 months of import activity recorded, the latest in January 2025.

The company’s website, Superfinish Elastics, showcases a wide range of trims, accessories, and elastics for the fashion and garment trade. It’s clearly an ecommerce business, offering everything from buckles and beads to specialized hosiery and mattress tapes. The site emphasizes quality, years of experience, and a family-owned heritage, highlighting a commitment to British craftsmanship and trade knowledge. It even has a retail shop on Etsy, broadening its reach.

Financially, Superfinish Elastics Ltd shows a mixed picture. Current assets dropped by 9.5% to £400,000, while net assets decreased by 9.7% to £200,000. Cash reserves increased by a significant 180% to £60,000, a positive sign. However, trade debtors decreased by 15%, and creditors increased by 73%, suggesting potential challenges in managing payments. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, which is typical for small companies.

Overall, Superfinish Elastics Ltd appears to be navigating a period of transition. While the business maintains a strong online presence and a loyal customer base, the financial data indicates a need for careful management. It’s a testament to the resilience of family businesses, but also a reminder of the ongoing pressures in the competitive textile market.

Registered in England/Wales under the registration number 03946046, with a registered address at LE5 4LE, Leicester, Watergates Building, 109 Coleman Road.

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