Chase Resources Ltd

Chase Resources Ltd, based in Ipswich, UK, is a small, active company established 28 years ago. With a single employee and £35,241 in assets, it operates from a virtual address and is led by two directors and one owner, running an e-commerce site. The company’s core business revolves around the retail sale via mail order houses or via internet industries, specializing in trade show TV stands, trolleys, and furniture brackets, as showcased on its website, Chase AV Direct.

Chase AV Direct boasts a wide range of products, including Unicol Engineering TV stands, Frank Olsen furniture, and Jual furnishings, catering to both commercial and home use. The site features a diverse selection of items, from LED TV stands and hifi racks to projector screens and office desks, with brands like BTech and Multibrackets also represented. The website’s extensive inventory and detailed product descriptions suggest a well-established online presence, with a focus on serving trade shows and exhibitions.

Financially, Chase Resources Ltd shows a mixed picture. Current assets increased by 10%, reaching £35,000, while net assets remained relatively stable at £110. However, bank borrowings increased by 4.6% to £5,700, and taxation payable saw a significant decrease of -150%, settling at £1,200. Creditors decreased by -47%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the slight increase in borrowing warrants monitoring. As a small company, it’s exempt from an audit, so the figures are unaudited.

While the company appears to be holding its own, the virtual address and relatively small financial base raise questions about its long-term sustainability. The focus on trade shows and exhibitions, however, provides a clear target market and a potential avenue for growth.

Registered in England/Wales under the registration number 03342976, with a registered address at IP3 9FJ, England, Ipswich, Suffolk, C/O Mjb Avanti, Office 12 Epsilon House, West Road.

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