Waleed Textiles Limited

Waleed Textiles Ltd from Manchester UK is a small, active company founded nine years ago. It employs a single person and holds £101,071 in assets, operating from a real address and managed by one director and owner, with a functioning e-commerce site. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website is a simple online store, likely focused on textiles and related products. While details are scarce, the site suggests a direct-to-consumer approach, selling goods online rather than through traditional retail channels. The limited online presence, however, could indicate a smaller scale operation or a reliance on other sales channels.

Financially, Waleed Textiles Ltd presents a mixed picture. Current assets have decreased by 4.6% to £100,000, while net assets remain unchanged at -£140,000. Bank borrowings have decreased by 17% to £9,900, and cash reserves have fallen by 13% to £7,400. Creditors have remained steady at £250,000. 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 stay nimble, but the negative equity is concerning. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The company’s reliance on a single employee and the negative equity suggest it's operating on a tight margin. The decrease in cash reserves, while not catastrophic, warrants attention. It's possible the company is reinvesting profits back into the business, but careful financial management will be crucial for long-term sustainability.

Registered in England/Wales under the registration number 09651857, with a registered address at M13 0PP, England, Manchester, 34 Buller Road.

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