Textiles Collections Ltd

Textiles Collections Ltd is a small, active company based in London, UK, founded two years ago. It’s a solo venture, run by a single director and owner, Morrison Eleanor Rose. Employing just one person, the company operates from a real address and is registered as a wholesale textiles business. Textiles Collections Ltd is an irregular importer, bringing in man-made staple fibers for a short period, with the last import operation recorded in April 2023.

The company's website highlights its focus on textile recycling, providing free branded collection banks to schools, nurseries, and community groups. It emphasizes its commitment to diverting clothing and shoes from landfill, reusing donated items, and supporting community fundraising. The company also partners with the 8 billion Trees foundation and offers a "school of the month" prize. Notably, the textile banks remain the property of CG Collections Ltd, suggesting a broader network or partnership.

Financially, Textiles Collections Ltd presents a concerning picture. Despite having £1600 in the bank, the company’s equity sits at a negative £260, and net current assets liabilities are also at a negative £260. Creditors and other taxation social security payable are both at £1800 and £960 respectively. The company meets the criteria for a small company, with turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The lack of a mentioned auditor—likely due to its small size—means the figures are unaudited.

While the recycling initiative sounds promising, the negative equity and strained financials suggest Textiles Collections Ltd is burning through money. The solo founder role may be contributing to the financial pressures, and the reliance on irregular imports could be adding to the instability.

Registered in England/Wales under the registration number 14626599, with a registered address at SW17 0JN, England, London, 53 Burmester Road.

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