The official description of the Company’s Armorial Bearings is:
Gules a Woolpack Argent And for the Crest On a Wreath of the Colours In front of two Distaffs in saltire Gules flaxed Or the Wheel of a Spinning Wheel Gold
This roughly translates into:
On a red background, a silver woolpack, with the addition of a crest on a wreath of red and silver bearing two gold flaxed distaffs crossed like a saltire and the wheel of a gold spinning wheel