W.h. Wagland (textiles) Limited

W.H. Wagland (Textiles) Limited, based in Walthamstow, UK, is a small, active company with a rich history, having been founded 65 years ago in 1960. With just four employees and £2,162,552 in assets, it's a family-run operation overseen by three directors and a single owner, Martyn John Wagland. The company regularly imports knitted or crocheted fabrics, with a consistent import history spanning 37 months, though the last recorded import was way back in 2017.

The company's website reveals a more diverse portfolio than just textiles. While the core business appears to be letting and operating real estate, the site highlights a focus on investment property, with a significant portion of its assets tied up in this area. The site is simple, with clear navigation, and a bottom footer indicating its creation in 2022.

Financially, W.H. Wagland (Textiles) Limited presents a picture of stability, albeit with some interesting trends. Current assets have grown by 6%, reaching £2.2 million, while net assets remain steady at £11 million. Cash reserves have also increased by 6%, sitting at £2.2 million. However, creditors have risen by 18%, reaching £560,000, and other taxation social security payable has jumped 47% to £29,000. Despite the increase in creditors, the company's bank borrowings have decreased, suggesting better debt management. The company meets the criteria for a small company, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, likely due to its small size.

The company’s consistent focus on investment property, coupled with its long-standing import history, suggests a business model built on long-term assets and steady revenue streams. While the increase in creditors warrants a closer look, the overall financial picture points to a stable, if not particularly dynamic, operation.

Registered in England/Wales under the registration number 00659269, with a registered address at E17 6DP, United Kingdom, Walthamstow, London, 1 Hookers Road.

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