Zenith Fabrics Limited

Zenith Fabrics Limited, based in Southall, UK, is a small, active company founded 10 years ago. It’s a solo-founded operation with two directors and one owner, holding a 3.0 Google rating from 13 reviews. The company meets two of three conditions to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Zenith Textiles Ltd operates as a multifaceted recycling company, working with various sectors. Its website highlights a focus on closed-loop textile recycling, offering services like clothing collection, sorting, and export. The company also partners with charities like The Firefighter Foundation, emphasizing its commitment to social responsibility. It handles a wide range of recyclable and reusable materials, exporting clothing, shoes, and bric-a-brac overseas. The website details a process involving hand-sorting, baling, and shipping, with a claim of 100,000 garments sorted daily.

Financially, Zenith Fabrics Limited presents a concerning picture. Net assets have plummeted to -£20,000, indicating significant liabilities. Bank borrowings remain at £10,000, but cash reserves are virtually non-existent. Creditors are also stuck at £10,000. The company’s small size helps it stay nimble, but the negative equity and lack of cash flow raise serious questions. The accounts are unaudited and classified as "filleted," meaning they are exempt from a full audit as a small company. No auditor is mentioned. The lack of employees (zero reported) suggests a lean operation, but the financial strain is evident.

Registered in England/Wales under the registration number 09462706, with a registered address at UB1 3HA, England, Southall, 9a High Street.

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