Chem Direct Ltd

Chem Direct Ltd, based in Birmingham, UK, is a small, active company founded nine years ago. With £10,775 in assets and a real address, it’s a tight-knit operation with two directors and two owners. It boasts a stellar 5.0 Google rating from two reviews, suggesting happy customers. The company operates in the non-specialised wholesale trade and retail sale via mail order houses or via internet industries.

The company's website, while not providing extensive details, points to a focus on building materials and related supplies. It's unclear if they have a dedicated e-commerce platform, but the focus on building materials suggests a B2B or specialized retail model.

Financially, Chem Direct Ltd presents a mixed picture. Accumulated depreciation on property, plant, and equipment increased by 28%, indicating investment in assets. However, cash reserves have plummeted by a staggering 92%, leaving just £3,500 remaining. Bank borrowings decreased slightly, but creditors also saw a significant drop, suggesting they're managing their debts better. Equity, however, has taken a hit, falling 78% to -£44,000. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, meaning the accounts are unaudited.

The sharp decline in cash and the negative equity are concerning, suggesting the company may be burning through money faster than it's generating revenue. However, the decrease in creditors is a positive sign. The lack of employees (zero reported) implies a lean operation, but it also raises questions about scalability. Valucke Dalia and Valuckis Tadas, the directors and owners, will need to address these challenges to ensure Chem Direct Ltd’s long-term viability.

Registered in England/Wales under the registration number 09758291, with a registered address at B24 0HU, England, Birmingham, 14 Chase Grove.

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