Warner Textile Machinery Limited

Warner Textile Machinery Ltd from Leicester UK: small company, active status, founded 23 years ago, 2 employees, £414,360 assets, real address, 3 directors, 2 owners, family business. Regular importer of machinery, boilers, and mechanical appliances; parts (3 months imported). Regular exporter of machinery, boilers, and mechanical appliances; parts (8 months exported).

Warner Textile Machinery Ltd is a small, family-run business based in Wigston, Leicester. Established 23 years ago, the company employs just two people and holds £414,360 in assets. With a real address and three directors overseeing operations, it’s a close-knit team. The company specializes in the circular knitting industry, sourcing and supplying used machinery from around the world. They maintain a warehouse in the UK and actively purchase surplus machines for resale. Beyond machinery sales, they offer services like gauge changes, repairs, and even relocation, shipping equipment to various countries. They also act as UK agents for Mayer Cie and Rius, and supply accessories like needles and creels.

The company’s website highlights its expertise in used machinery and its commitment to customer service. They even have a section dedicated to new and used machinery listings, which can be downloaded directly. It's clear they're focused on providing a comprehensive service for the textile industry, from sourcing equipment to providing ongoing support.

Financially, Warner Textile Machinery Ltd shows some concerning trends. While current assets increased by 11% to £410,000, net assets dropped 14% to £190,000. Bank borrowings decreased by 36% to £18,000, and cash reserves fell 38% to £59,000. Creditors decreased by 38% to £67,000. The company meets the criteria for a small company, with turnover less than £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited. The decline in net assets, despite increased assets, suggests the company may be burning through cash or facing challenges in converting assets to income. It's possible the company is investing in inventory or expanding operations, but the trend warrants closer monitoring.

Registered in England/Wales under the registration number 04267110, with a registered address at LE18 4ZH, Leicester, Leicestershire, Magna Road, South Wigston.

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