Chelsea Supplies Ltd

Chelsea Supplies Ltd, based in Bolton, UK, is a small holding company with an active status, founded four years ago. Employing seven people and holding £1,459,148 in assets, the company boasts a stellar 5.0 Google rating from 852 reviews. It operates as a regular importer of machinery, boilers, and mechanical appliances, with parts imported for the last twelve months, the latest operation occurring in March 2025. The company is led by two directors and has one owner.

The company’s website showcases a wide range of designer radiators, heating specialists, and accessories. It's clearly an e-commerce business, offering a vast selection of column radiators, horizontal and vertical models, towel radiators, and valves. The website emphasizes competitive pricing, with sales and promotions running regularly, and offers financing options like Klarna. It also provides helpful content, such as guides on bleeding radiators and cleaning them.

Financially, Chelsea Supplies Ltd shows some concerning trends. While current assets increased by 8.9% to £1,500,000, net assets dropped 120% to just £28,000. Bank borrowings jumped a staggering 2,400% to £34,000, and cash reserves decreased by 1.3% to £190,000. Trade debtors decreased by 42%, suggesting better debt management, but creditors increased by 7.6% to £1,400,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the sharp decline in equity raises questions. The company is exempt from an audit, and the financial statements are unaudited.

The company's growth in bank borrowings and the significant drop in equity suggest it may be burning through cash to sustain operations. The strong Google rating and active e-commerce platform indicate a successful business on the surface, but the underlying financials reveal potential financial pressures.

Registered in England/Wales under the registration number 12829173, with a registered address at BL2 1DZ, England, Bolton, Bridgeman Court, Salop Street.

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