Chap Wholesale Limited

Chap Wholesale Ltd, based in Cannock, UK, is a small, active company founded just two years ago. With a single employee and £181,000 in assets, it operates from a virtual address shared by seventeen other companies, a bit unusual. The business is run by two directors and owners, and is a solo founder operation, with a 5.0 Google rating from two reviews—a great start! It runs an e-commerce site and regularly imports machinery, boilers, and mechanical appliances parts, with the last import activity recorded three months ago.

The company's website, TPS Tamworth Plumbing Supplies, showcases a wide range of plumbing products, from pipes and fittings to radiators and valves. It offers click-and-collect options and same-day dispatch for orders placed before 3pm, and even has a physical shop in Tamworth. The site emphasizes competitive pricing and a helpful customer service team. It's clear they're aiming to be a one-stop shop for plumbers and heating engineers.

Financially, Chap Wholesale Ltd shows some interesting trends. While current assets increased by 200% to £180,000, net assets only rose to £140,000—a bit of a surprise. Bank borrowings increased significantly, and cash reserves fell 73% to £9,100. Trade debtors ballooned by 370%, suggesting delayed customer payments, and creditors increased by 190% to £190,000. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Chap Wholesale Ltd seems to be growing quickly, but the sharp increase in debtors and creditors suggests it’s managing cash flow carefully. Whether this is a temporary blip or a longer-term challenge remains to be seen, but its strong Google rating and e-commerce presence give it a solid foundation.

Registered in England/Wales under the registration number 14155923, with a registered address at WS11 1BP, England, Cannock, Staffordshire, 57-61 Market Place.

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