The Cotton Patch Ltd

The Cotton Patch Ltd, based in Birmingham, UK, is a small, active company established 37 years ago in 1987. With 18 employees and £531,164 in assets, it operates a real address and is managed by three directors, although there are no listed owners. The company’s Google rating stands at a respectable 4.0 based on 94 reviews, and it runs an e-commerce site. It’s a regular importer of textile padding, felt, and nonwoven fabrics, special yarns, and ropes and cables, with 55 months of import activity recorded, the last in December 2024.

The company specializes in the retail sale of textiles, both in specialised stores and via mail order and internet industries. Its website showcases a wide range of fabrics and sewing supplies, catering to both wholesale and retail customers. The site’s design is clean and user-friendly, reflecting a modern e-commerce approach. While the company’s core business revolves around textiles, it’s unclear if there are any other ventures or related businesses.

Financially, The Cotton Patch Ltd presents a mixed picture. Current assets have decreased slightly, falling by 2.5% to £530,000. Bank borrowings have increased by 12.5% to £46,000, while cash reserves have fallen by 17.5% to £210,000. Creditors have decreased by 13% to £110,000, suggesting improved debt management. 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 flexibility, but the decrease in equity by 2.7% to £370,000 raises questions. There is no auditor mentioned, likely due to its status as a small company, so the figures are unaudited.

The company’s workforce has shrunk by 17% to 15 employees, which may reflect cost-cutting measures or changes in operational needs. The increase in other creditors by 66% to £29,000 could indicate increased reliance on short-term financing or supplier credit. While the company appears to be holding its own, the financial data suggests a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 02145090, with a registered address at B28 9AJ, Birmingham, West Midlands, 1285 Stratford Road, Hall Green.

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