Cherrysource Limited

Cherrysource Ltd, based in Wrexham, UK, is a small, active company established 20 years ago. With nine employees and £1,143,231 in assets, it’s a well-established operation run by two directors and a solo founder. The company has a real registered address and operates as both a regular importer and exporter of rubber and rubber products, with 115 months of import activity and 14 months of export activity recorded, the latest in January 2025.

The company’s website is currently unavailable, making it difficult to ascertain the specifics of their operations. However, the company operates in the manufacture of other rubber products industries.

Financially, Cherrysource Ltd presents a mixed picture. Accumulated depreciation has increased slightly, by 3.2%, while cash bank on hand has seen a healthy jump of 17%, reaching £580,000. However, the amount of specific advances or credit to directors has decreased significantly, dropping by -100% to 0 GBP. Debtors have also seen a dramatic decrease, falling by -87% after one year. On a positive note, creditors have increased by 3.5%, and equity has risen by 14%, reaching £1,000,000. The number of employees has decreased by 11%, from nine to eight. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company’s regular import and export activity, along with the increase in cash reserves, suggests ongoing business operations. The decrease in debtors could indicate improved collection efforts, or potentially, a slowdown in sales. The decrease in employees could be due to restructuring or a shift in operational strategy. The unaudited figures, typical for a small company, rely on director-reported data, and there is no auditor mentioned.

Registered in England/Wales under the registration number 05195841, with a registered address at LL12 0PX, Wales, Wrexham, Unit 7 Pinfold Lane Llay Industrial Estate, Llay.

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