The Hawick Scarf Company Limited

The Hawick Scarf Company Limited, based in Hawick, UK, is a small, active business founded eighteen years ago in 2006. With twelve employees and £796,505 in assets, it operates from a real address and is overseen by three directors and one owner. The company is an irregular importer of wool and animal hair products (two months of imports, last in 2023) and a regular exporter of clothing and accessories made by knitting or crocheting (sixteen months of exports, last in December 2024). It’s a business deeply rooted in Scottish heritage, specializing in the Hawick Tartan and Tweed, selling through its website and showcasing its products in locations like Harrods.

The company’s website highlights its commitment to preserving traditional textile craftsmanship, with Robin Deas and James Sugden relaunching the Hawick Tartan after its initial launch in 1996. The site features a gallery showcasing the tartan’s history and its connection to Hawick's past and present, emphasizing the seven colours that represent the town's attributes. Contact information is readily available, with a dedicated email address and phone number.

Financially, The Hawick Scarf Company Limited’s recent performance presents a mixed picture. While the company’s assets remain substantial, there’s been a noticeable decline in cash reserves, dropping 59% to £250,000. Debtors have increased by 8.4%, suggesting a possible shift in payment terms or a growth in sales. However, net assets have fallen significantly, decreasing 31% to £800,000. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the decrease in equity raises questions about its long-term financial health. The company’s accounts are unaudited, a common practice for small entities.

Despite these challenges, The Hawick Scarf Company Limited appears to be maintaining a steady export stream, leveraging its unique product and heritage to reach a wider audience. It’s a business that seems to be holding its own, but it’s important to monitor its financial trends closely to ensure its continued success.

Registered in Scotland under the registration number SC312623, with a registered address at TD9 8SL, Hawick, Unit H, Burnfoot Industrial, Estate, Hamilton Road.

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