Swiscot Textiles Limited

Swiscot Textiles Ltd from Salford UK is a large, holding company with an active status, established 58 years ago. The company employs 30 people and holds £6,529,436 in assets, generating £10,403,738 in yearly revenue. It has a real address, seven directors, one owner, and operates an e-commerce site, boasting a Google rating of 4.0 based on three reviews. Swiscot Textiles regularly imports and exports various textile products, sets, used clothing, and rags—484 months of imports and 50 months of exports recorded.

The company is a world-leading textile company, specializing in the sourcing and distribution of specialist, luxury, and performance textiles to key players in the hospitality, laundry, retail, and public sector markets. It has developed strategic product brands to offer a core range of textiles for bedrooms, bathrooms, and dining rooms worldwide. Swiscot Textiles is now part of Vision Linens Group, following an acquisition in June 2024. Vision Linens will continue to support Swiscot’s brands, Linen Connect and Charlotte Thomas, and offer a range of commercial and home textile products. Customers can shop via Visionlinens.com for commercial needs and Visionlinenshome.com for home textiles.

Financially, Swiscot Textiles shows some concerning trends. Accrued liabilities have increased significantly by 110%, while bank borrowings have decreased by 36%. Cash and cash equivalents have fallen by a substantial 64%. While administrative expenses remained relatively stable, the company’s average number of employees decreased by 13%. Despite these challenges, the company’s turnover remained steady at £10,403,738. Creditors have also decreased, suggesting improved debt management. The company is classified as large, meeting two of three criteria: turnover more than £36 million, balance sheet total more than £18 million, and average number of employees more than 250. The lack of an auditor is likely due to its size.

The company’s focus on importing and exporting textiles, combined with its recent acquisition by Vision Linens, suggests a continued emphasis on international trade. The decrease in cash reserves, however, warrants close monitoring, and the company may need to focus on improving its working capital management.

Registered in England/Wales under the registration number 00901983, with a registered address at M50 1DL, England, Salford, Swiscot House Unit 5, Pacific Way.

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