Wagland Textiles Ltd

Wagland Textiles Ltd, based in Walthamstow, UK, is a small, active company founded ten years ago in 2014. Employing fourteen people and holding assets of £4,246,849, it's a solo-founded operation managed by a single director and owner, Andrew Wagland. The company regularly imports knitted or crocheted fabrics, with 165 months of import activity recorded, the latest in February 2025.

The company operates in the wholesale and retail of textiles, with a website showcasing a portfolio of fabrics and contact information. It's a fairly simple site, with a tab system for navigation and a 2022 copyright notice at the bottom. The site doesn's really suggest any e-commerce functionality, instead seeming to focus on showcasing the company's offerings.

Financially, Wagland Textiles Ltd shows a mixed picture. Current assets have decreased by 8.3% to £4,200,000, while net assets have fallen by 10% to £2,200,000. Bank borrowings have decreased by 28% to £28,000, and cash reserves remain steady at £1,200,000. Trade debtors have fallen by 16%, suggesting improved collection rates, but creditors have also decreased by 4.6%. The company meets two of the three criteria to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). As a small company, it’s exempt from an audit, so the figures are unaudited.

While the company’s financial position appears stable overall, the decline in current assets and net assets should be monitored. The decrease in bank borrowings is a positive sign, and the consistent cash reserves provide a buffer. It’s unclear if the company is burning through money or just experiencing normal fluctuations, but the figures don’t suggest an immediate crisis. The lack of mention of an auditor suggests a straightforward, uncomplicated operation.

Registered in England/Wales under the registration number 09290802, with a registered address at E17 6DP, Walthamstow, 1 Hookers Road.

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