Texline Limited

Texline Limited, based in Nottingham, UK, is a small, family-run business with an active status. Founded 28 years ago in 1996, the company employs just one person and holds £60,137 in assets. It operates from a real address and is managed by two directors and two owners. Texline regularly imports clothing and accessories made by knitting or crocheting, with a history of seven months of import activity. The company’s activities include manufacture of workwear, agents involved in the sale of textiles, clothing, fur, footwear and leather goods.

While the company’s website is not available, its core business seems to revolve around supplying workwear and related safety equipment. It’s a small operation, meeting two of three criteria for a small company: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees.

Financially, Texline Limited’s recent accounts show some concerning trends. Current assets have decreased by 17% to £60,000, and net assets have also fallen by 8% to £36,000. Bank borrowings have decreased by 45%, and cash reserves have dropped 8%. Creditors have decreased by 19%, which could be a positive sign. The company’s small size and lack of employees (just one) allows for flexibility, but the decrease in assets raises questions. With no auditor mentioned, the financial statements are unaudited.

Overall, Texline Limited appears to be a small business navigating a challenging environment. While it has a long history and a clear niche, the recent financial figures suggest a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 03246793, with a registered address at NG16 5HF, England, Nottingham, Wansley Hall Tithe Barn Lower Bagthorpe, Bagthorpe.

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