Townley Dyestuffs Limited

Townley Dyestuffs Limited, based in Altrincham, UK, is a small, active company established 33 years ago. With three employees and £224,898 in assets, it’s a long-standing business managed by three directors and one owner. The company, founded in March 1992, operates from a real address and regularly imports tanning and dyeing products – 7 months of import activity were recorded, with the latest operation occurring in September 2024. The company is involved in the manufacture of dyes and pigments.

The business appears to be a modest operation, meeting two of the three criteria to be classified as small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The website is non-existent, so it’s difficult to ascertain if the business has an e-commerce presence.

However, the financial picture reveals some concerning trends. While trade debtors have increased significantly by 72%, current assets have fallen by 12% to £220,000. More alarmingly, net assets have plummeted 98% to a mere £1,200. Cash reserves have also taken a hit, decreasing by 88% to just £17,000. Creditors have increased by 17% to £220,000, and bank borrowings are at £29,000. The company’s retained earnings have suffered a significant loss. These figures are unaudited, and the company is exempt from an audit as a small company.

The sharp decline in equity suggests the business is struggling to retain profits, and the reduced cash reserves indicate potential liquidity issues. It's possible the increase in debtors reflects a strategy to boost sales, but the overall financial health appears precarious. The company's long history and experienced management team could be assets in navigating these challenges, but the current trajectory warrants careful monitoring.

Registered in England/Wales under the registration number 02694271, with a registered address at WA15 9SD, England, Altrincham, 163 Ashley Road, Hale.

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