Yurekli Textile Ltd

Yurekli Textile Ltd, based in South Croydon, UK, is a small, active company founded five years ago in January 2020. With just £27,014 in assets and a virtual address shared by seventy-nine other companies, it’s a solo-founded operation managed by one director and owner. The business operates as an irregular importer, primarily bringing in clothing and accessories made by knitting or crocheting—just one month of import activity was recorded as of October 2020.

The company's website, Yurekli Textile, describes itself as a manufacturer and wholesaler of workwear and medical wear, also selling disposable coveralls and casual wear. It's linked to Yursan, a family-owned company based in Turkey specializing in kids' and workwear, with operations spanning Gaziantep, Istanbul, Romania, and London. The website emphasizes quality material, reasonable prices, and a commitment to customer satisfaction, featuring testimonials from satisfied clients. It’s clear they are trying to establish themselves as a reliable supplier.

Financially, Yurekli Textile Ltd presents a mixed picture. Current assets have increased significantly, jumping 210% to £27,000, while cash bank on hand decreased by 28% to £4,200. Trade debtors have exploded, increasing by a staggering 670% to £23,000, suggesting a reliance on customer payments. Equity has seen a dramatic rise, increasing 1800% to £11,000, which is a positive sign. However, creditors also increased by 71% to £17,000. The company meets two of three criteria to be considered small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). As a small company, it is exempt from an audit, so the figures are unaudited.

Overall, Yurekli Textile Ltd seems to be growing, but the large increase in debtors could indicate potential cash flow challenges. It's a small business, and they are clearly trying to build a reputation for quality and reliability—though, it’s not clear if they are burning through money or if this is just typical startup turbulence.

Registered in England/Wales under the registration number 12421919, with a registered address at CR2 0BS, England, South Croydon, Suite 57-58 Capital Business Centre, 22 Carlton Road.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.