Channel Assist Limited

Channel Assist Limited, based in Tring, UK, is a small holding company with an active status, established seventeen years ago in 2007. Employing 26 people and holding £889,174 in assets, it operates from a real address shared by two other companies. The company is led by three directors and has one owner, although this owner list may not be exhaustive. It runs an e-commerce site and enjoys a stellar 5.0 Google rating based on fifty reviews. Channel Assist Limited is an irregular importer, primarily dealing in electrical machinery and equipment, with its last import operation occurring in September 2023.

The company's website, while not providing extensive detail, indicates a focus on management consultancy services, specifically excluding financial management. It appears to be a relatively niche operation, likely catering to a specific clientele. It also owns Channel Assist Trustee Company Limited.

Financially, Channel Assist Limited’s performance presents a mixed picture. Current assets have significantly decreased by 37%, dropping to £890,000. Net assets have also seen a sharp decline, falling 70% to £260,000. Bank borrowings have increased dramatically, surging 100% to £18,000, while cash reserves have plummeted 58% to £310,000. Creditors have also increased by 12%, reaching £750,000. On a positive note, trade debtors have decreased by 14%, suggesting improved collection efforts. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the substantial equity drop warrants closer examination. The lack of an auditor, typical for a small company, means the figures are unaudited.

The significant drop in net assets, coupled with increased borrowings, suggests Channel Assist Limited may be burning through cash reserves faster than it’s generating revenue. While the e-commerce presence and high Google rating are encouraging, the company needs to address its financial trajectory to ensure long-term sustainability.

Registered in England/Wales under the registration number 06321511, with a registered address at HP23 5QY, England, Tring, Hertfordshire, The Home Office Pennyroyal Court, Station Road.

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