Technical Textile Services Limited

Technical Textile Services Ltd, based in Cheshire, UK, is a large company with a holding structure and active status, having been founded 33 years ago in 1992. Despite employing just two people, it holds significant assets, totaling £6,035,849. With three directors and one owner, the company operates from a real address and has a Google rating of 3.0 based on ten reviews. It’s a regular importer and exporter, specializing in textile padding, felt, nonwoven fabrics, special yarns, ropes, and cables, with 298 months of import activity and 123 months of export activity.

The company’s website reveals a dual business model. Primarily, it’s a manufacturer of wipes and converter of technical fabrics, serving a wide range of markets. Its Clinitex range is a leading brand for healthcare and janitorial wipes. However, the website also highlights its role as a large stockist and distributor of nonwoven fabrics in Europe. Techtex operates two distinct trading divisions, emphasizing innovation and customer service. The company even has links to academic research centers, suggesting a focus on developing new products and applications. It’s a UK manufacturer, with one of the most state-of-the-art manufacturing plants in the market.

Financially, Technical Textile Services Ltd presents a mixed picture. While turnover remained steady at £16 million, net assets declined by 39% to £1.4 million—a notable drop. Bank borrowings increased by 120% to £280,000, and cash reserves fell by 69% to £120,000. Creditors decreased by 52%, suggesting improved debt management. The company meets two of three criteria to be considered large, with turnover exceeding £36 million and balance sheet total exceeding £18 million, but only two employees reported. The lack of an auditor is likely due to its size.

The company’s strong focus on innovation and customer service, combined with its dual business model, positions it well for future growth. However, the decline in net assets and cash reserves warrants close monitoring—perhaps reflecting investments in new technologies or expansion into new markets.

Registered in England/Wales under the registration number 02672522, with a registered address at CW8 4DX, England, Cheshire, Winnington Avenue, Northwich.

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