Trafford Knitwear Limited

Trafford Knitwear Ltd from Leicester UK: a small, active company founded 39 years ago, employs seven people, and holds £431,626 in assets. It operates from a virtual address, managed by four directors and three owners, and is a family business with a solid Google rating of 4.0 based on 82 reviews. The company regularly imports clothing and accessories, but not knitted or crocheted items, with seven months of import activity recorded.

The company's website, Trafford Fashion Outlet, is clearly an e-commerce platform. It showcases a wide range of ladies' clothing, including dresses, coats, children's wear, and designer jumpsuits, all offered at discounted prices. The site emphasizes “automatic discounts at checkout” and positions itself as a leading retailer supplying cut-price brands. A "hot right now" section highlights deals on ex-Hush and Seasalt items, while quick links provide access to privacy policies and contact information. The site also lists a physical address in Hinckley, Leicestershire, and accepts a variety of payment methods, including PayPal and Apple Pay.

Financially, Trafford Knitwear Ltd presents a mixed picture. Current assets have increased by 300% to £430,000, while net assets have remained steady at £1,700,000. Bank borrowings have decreased by 10% to £10,000, and cash reserves have increased by 1500% to £53,000. Creditors have increased by 160% to £250,000, suggesting the company is taking on more debt. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the increase in creditors warrants closer attention. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Trafford Knitwear Ltd appears to be a stable, family-run business navigating the challenges of the retail sector. The company’s focus on discounted brands and online sales seems to be working, but the increase in creditors suggests it might be stretching its finances a bit too thin.

Registered in England/Wales under the registration number 01984107, with a registered address at LE19 1RJ, England, Leicester, 11 Merus Court, Meridian Business Park.

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