Textile Enterprises Ltd

Textile Enterprises Ltd, based in Dungannon, UK, is a small, active company established 29 years ago. With 13 employees and £605,147 in assets, it’s a well-established player in the textile industry. The company, led by two directors and one owner, operates an e-commerce site and maintains a 5.0 Google rating based on six reviews—a testament to its customer service. It regularly imports footwear and related items, with five months of import activity recorded, and exports textile padding, felt, nonwoven fabrics, special yarns, ropes, and cables, with four months of export activity.

The company’s website showcases a family-run business specializing in custom cords, braids, and elastics. It’s a UK manufacturer offering bespoke services, catering to various industries, and even featured on BBC’s “Inside the Factory.” The website emphasizes quality, fast delivery (often next-day), and a flexible approach, even accepting small orders of just 75. It also highlights its ability to deliver worldwide and even offers same-day courier services for urgent requests. The company’s commitment to training staff and in-house machinery development is also a key selling point.

Financially, Textile Enterprises Ltd presents a mixed picture. Current assets remained relatively stable at £610,000, while net assets increased by 4% to £550,000. However, bank borrowings decreased significantly by 82%, reaching just £3,200—a positive sign. Trade debtors decreased by 55%, which could indicate improved cash flow management. Cash reserves also increased by 66%, reaching £450,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in employees (down to 12) could signal restructuring or cost-cutting measures. As a small company, it’s exempt from an audit, so the financial data is unaudited.

Overall, Textile Enterprises Ltd appears to be financially stable, with a strong reputation and a focus on bespoke manufacturing. While the decrease in employees is something to watch, the company’s commitment to quality and customer service suggests it’s well-positioned for continued success.

Registered in Northern Ireland under the registration number NI029772, with a registered address at BT71 7SG, Dungannon, Co Tyrone, 26 The Square, Moy.

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