Chase Equipment Limited

Chase Equipment Ltd, based in Bilston, UK, is a small, holding company with an active status. Established 39 years ago in 1985, it employs 38 people and holds assets worth £1,781,212. The company, managed by two directors and a single owner, operates from a real address and is an irregular importer, primarily dealing with machinery, boilers, and mechanical appliances, with a recent import recorded in March 2022.

The company's core business revolves around providing loading bay equipment and solutions. Its website showcases a wide range of products, from mobile yard ramps and goods lifts to dock levellers and industrial doors. It seems to be primarily a B2B operation, catering to industrial and commercial clients. While there's no direct indication of e-commerce functionality, the website's comprehensive product listings and contact forms suggest a sales-driven model, rather than a purely informational site. It’s a well-established player, recognized as a UK market leader in its field.

Financially, Chase Equipment Ltd presents a mixed picture. Property, plant, and equipment have increased, with Plant Machinery growing by 40%, but Current Assets have fallen by 10% to £1,500,000. Bank borrowings have decreased significantly, dropping 32% to £87,000, and cash reserves have plummeted 84% to just £68,000—a substantial drain. Creditors have also decreased by 7.5%, which could indicate better management of short-term liabilities. Equity, however, has fallen by 31%, dropping to £270,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned in the report, which is typical for small companies.

Overall, Chase Equipment Ltd appears to be navigating a period of change. While it maintains a strong market position and has reduced its borrowing, the sharp decline in cash reserves and equity warrants close monitoring. The company's long-standing presence and focus on specialized equipment suggest a resilient business model, but the financial pressures indicate a need for careful management and potentially, a focus on improving cash flow.

Registered in England/Wales under the registration number 01963631, with a registered address at WV14 9EE, Bilston, West Midlands, Wellington House Wellington Industrial Estate, Bean Road.

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