Chandni Chowk Limited

Chandni Chowk Ltd from Barnstaple UK: a small, active company founded 27 years ago, employs 14 people, and holds assets valued at £619,390. It operates from a virtual address, managed by three directors and two owners. The company regularly imports clothing and accessories, not knitted or crocheted, with 108 months of import activity recorded, the latest in August 2024.

The company’s core business involves importing and distributing fashion items, and it appears to operate primarily as a wholesale supplier. While no dedicated website is listed, it's likely the company supplies retailers or other businesses rather than selling directly to consumers. The address listed is a virtual one, with 65 companies registered at the same location – a common arrangement for smaller businesses.

Financially, Chandni Chowk Ltd shows a mixed picture. Current assets have decreased by 3.6% to £620,000, while net assets have fallen by 13% to £170,000. Cash reserves have also declined significantly, dropping 63% to £41,000. Trade debtors have fallen by 41%, suggesting improved collection practices. However, creditors have increased by 0.82%, and future minimum lease payments have decreased by 26%. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is listed, which is typical for companies of this size.

The company's reliance on imports, particularly in a fluctuating global economy, could be a vulnerability. The decrease in cash reserves suggests it may be burning through money, although the decrease in debtors is a positive sign. The lack of a dedicated website and the virtual address raise questions about its visibility and long-term sustainability, but the company’s longevity—27 years—suggests it has adapted well to changing market conditions.

Registered in England/Wales under the registration number 03485514, with a registered address at EX31 1TZ, Barnstaple, Devon, Grenville House, 9 Boutport Street.

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