Textile Innovations Limited

Textile Innovations Ltd from West Yorkshire UK: small company, active status, founded 17 years ago, 3 employees, £342,442 assets, real address, 2 directors, 2 owners, family business. Regular importer of none (53 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the wholesale of textiles industries. Officially, it has two owners or PSCs, two directors, and three employees.

Textile Innovations Ltd’s website highlights a diverse range of products, from textiles like calico and felt to rubber sheets and even hardwood struts for furniture. They supply raw materials and finished goods to manufacturing companies of all sizes, catering to sectors like automotive, furnishing, babycare, healthcare, and retail. The business operates on a business-to-business model, developing semi-finished and finished items for manufacturing companies. Their website clearly states that they are a supplier, not a retailer, and focuses on sourcing and supplying raw materials and finished goods. The company has 250 years of textile heritage.

Financially, Textile Innovations Ltd shows a mixed picture. Current assets increased by 42% to £340,000, while net assets also grew by 49% to £190,000. Cash reserves saw a significant boost, rising 40% to £220,000—a positive sign. However, creditors increased by 33% to £150,000, which could indicate increased reliance on short-term financing. The company’s small size and family ownership likely contribute to its agility, but the rising debt warrants monitoring. The company's accounts are unaudited, but prepared in accordance with FRS 102.

Registered in England/Wales under the registration number 06370559, with a registered address at HX3 0AG, West Yorkshire, Middle Pasture, Heath Lane, Halifax.

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