Vega Textiles Ltd

Vega Textiles Ltd, based in London, UK, is a small, active company founded six years ago in 2018. It employs four people and holds £169,458 in assets, operating from a real address. With two directors and one owner, the company runs an e-commerce site and enjoys a stellar 5.0 Google rating based on 31 reviews. It’s an irregular importer, primarily dealing in knitted or crocheted fabrics, with the last import operation occurring just two months ago.

The company's website showcases a vast selection of fabrics, categorized by type – from denim to velvet – and by country region, offering a surprisingly extensive list. Prices are listed per metre, and the site emphasizes wholesale pricing, with a "coming soon" notice for those looking for even greater discounts. The site’s design is functional, if not flashy, and the sheer volume of fabric options is impressive.

Financially, Vega Textiles Ltd presents a mixed picture. Cash bank on hand has significantly decreased by 88%, dropping to just £370. Bank borrowings have also fallen, by 46%, to £2,300. However, creditors have also decreased by 56%, to £2,300, suggesting improved debt management. Net assets have plummeted by 140%, landing at -£26,000. The company’s small size—meeting two of three criteria for a small company—helps it remain nimble, but the sharp decline in equity raises concerns. The company's average number of employees has also decreased by 25% to three. There’s no auditor mentioned, which is common for small companies, so the figures are unaudited.

Overall, Vega Textiles Ltd appears to be navigating a challenging financial landscape. While its e-commerce site and high Google rating suggest a successful online presence, the financial data indicates a need for careful management.

Registered in England/Wales under the registration number 11627331, with a registered address at N18 1UB, England, London, Unit 21 Commercial Road.

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