Visage Textiles Limited

Visage Textiles Ltd from Manchester UK: a small, active company established 26 years ago, employs 25 people, and holds assets of £2,335,089. With three directors and one owner, it's a well-established operation with a real address. The company regularly imports cotton products (227 months) and exports various textile items, used clothing, and rags (23 months).

Visage Textiles operates primarily as a wholesale supplier, catering to trade customers only. Its website showcases a wide range of fabrics and related products, including speciality and novelty fabrics, dancewear, dressmaking materials, craft cottons, licensed prints, and home textiles. The site emphasizes wholesale pricing and encourages registration for access to its full catalog. It also has a blog with crafting ideas and projects.

Financially, Visage Textiles has experienced some shifts. Current assets have decreased by 15%, dropping to £2,300,000. Net assets have seen a more significant decline, plummeting 84% to £73,000. Bank borrowings have increased dramatically, rising by 96% to £23,000. Creditors have increased by 24%, reaching £280,000. Despite these challenges, trade debtors have fallen by 53%, suggesting improved collection practices. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the equity drop warrants attention. No auditor is mentioned, likely due to exemption as a small company.

The company’s financial results indicate a period of adjustment. While the wholesale business seems to be operating, the decrease in equity and increase in debt suggest a need for careful management. The company’s long history and wide range of products, however, provide a solid foundation for future growth.

Registered in England/Wales under the registration number 03732286, with a registered address at M3 1HU, Manchester, 9/11 Chatley Street, Cheetham.

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