Tony's Textiles Limited

Tony’s Textiles Limited, based in Hull, UK, is a small, active company founded 43 years ago in 1982. With eight employees and £176,884 in assets, it's a family business led by five directors and a single owner, who is also the solo founder. The company regularly imports various textile products, sets, used clothing, and rags, with the last import operation recorded five months ago. It also exports these same items, but at a much lower frequency, with just one month of export activity in the past.

The company operates a retail business selling household linens, textiles, and bedding, as well as offering curtain and blind fitting services. Its website highlights a wide range of services, including made-to-measure curtains, blind fitting, and even commercial fabric supply for hotels and care homes. It seems to have a good reputation, with a 4.9-star service rating.

Financially, Tony’s Textiles Limited is showing some concerning trends. Current assets have decreased by 26% to £180,000, and net assets have fallen by 29% to -£570,000. Cash bank on hand has plummeted 79% to just £980. While creditors have also decreased, the significant drop in assets and cash reserves suggests the company is burning through money. The company meets two of the three criteria to be considered small, with turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company’s financial data also indicates a decline in the average number of employees during the period, dropping 12% to seven. While the company's long tradition of supplying bedlinen and towels for hotels and care homes across the country suggests a reliable customer base, the financial numbers indicate a need for careful management to ensure its long-term sustainability.

Registered in England/Wales under the registration number 01615712, with a registered address at HU3 2AA, England, Hull, 9-11 Hessle Road.

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