Textile Foundry Limited

Textile Foundry Limited is a small, active company based in London, UK, founded nine years ago in May 2016. With just one employee and £164,749 in assets, it’s a solo founder operation led by a single director and owner. The business operates an e-commerce site, and is an irregular importer of carpets and textile floor coverings, with its last import operation made on July 1st, 2024.

The company’s website, Textile Tech, positions itself as a leading distributor of technical textiles, catering to industries like automotive, foundry, and power generation. It offers a wide range of products, including thermal textiles, sewing threads, medical filtration, and high-performance composites. The site also features news and industry updates, showcasing its expertise and commitment to the technical textiles market. It seems they’re doing well with their website.

Financially, Textile Foundry Limited shows a mixed picture. Cash and cash equivalents have increased significantly by 140%, reaching £120,000—a positive sign of improved liquidity. However, equity has decreased by 21%, falling to £63,000, and net current assets have also declined by 20% to £54,000. Trade debtors have taken a hit, decreasing by 58% to £29,000, which could be due to improved collection efforts or a shift in customer payment terms. Staff costs have increased dramatically by 570%, reaching £59,000, which is concerning given the company’s small size and could be related to increased marketing or operational expenses. The company is small, meeting two of three conditions for classification (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). There’s no auditor mentioned, so the financial statements are unaudited.

Overall, Textile Foundry Limited appears to be navigating a period of change. While its cash position is healthy, the decline in equity and increased staff costs warrant closer attention. The company’s focus on technical textiles and its active e-commerce presence suggest potential for future growth, but careful financial management will be crucial for long-term success.

Registered in England/Wales under the registration number 10184137, with a registered address at E1 6HF, United Kingdom, London, 18 Calvin Street.

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