Cherry Parts Limited

Cherry Parts Ltd, based in Wallsend, UK, is a small, active company established 25 years ago. Employing seven people, the firm holds assets totaling £329,208 and operates from a real address. With three directors and two owners, it's a well-established, family-run business. The company regularly imports miscellaneous metal items (20 months of import activity) and exports them (3 months of export activity).

The company's website showcases a wide range of fire protection equipment, including extinguishers, storage solutions, and safety signage. It caters to commercial and industrial clients, emphasizing trusted service and certified products. The site also highlights expertise in fire safety, with blog content covering topics like tamper tags and fire extinguisher options. It's clear that Cherry Parts Ltd positions itself as a specialist supplier, offering both products and knowledge.

Financially, the company shows a mixed picture. Current assets have decreased by 12%, falling to £330,000. Net assets have also declined, dropping 35% to -£40,000. Bank borrowings have decreased significantly, falling 18% to £60,000, and cash reserves have increased by a considerable 190% to £18,000. Creditors have decreased by 3%, suggesting improved debt management. As a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), Cherry Parts Ltd benefits from agility, but the decline in equity is a cause for concern. The financial statements are unaudited, a common practice for small companies, and no auditor is mentioned.

While the company’s website and product range suggest a stable business, the financial data indicates some challenges. It’s possible that increased competition or rising costs are impacting profitability. The company’s long history and established reputation, however, provide a solid foundation for future growth.

Registered in England/Wales under the registration number 03828205, with a registered address at NE28 0BE, England, Wallsend, Tyne & Wear, Unit 1b, Swales Industrial Estate, Howdon Lane.

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