Chessworth Limited

Chessworth Limited, based in Bexhill, UK, is a small, active company founded five years ago. With just two employees and £158,468 in assets, it operates from a virtual address, managed by a solo founder who also serves as director and owner. The company is an irregular importer, primarily dealing in toys, games, and sports equipment, with just two months of import activity recorded as of June 2022.

The company’s website reveals a more complex picture. Chessworth Limited positions itself as an “independent commodities trading house,” focused on “creating solutions that move physical energy and materials.” It emphasizes compliance, ethical standards, and meeting demand shortages in South Asia and Europe, particularly through its involvement in renewable energy. The website highlights partnerships with major IOCs and trading houses, showcasing its sourcing and execution capabilities. It even has a physical office in Dubai.

Financially, Chessworth Limited presents a mixed bag. While cash reserves have surged by an impressive 480% to £11,000, net assets have decreased by 5.2% to -£75,000. Bank borrowings have been eliminated entirely, a positive sign, but trade debtors have plummeted by 54% to £11,000, which could indicate issues with customer payments. Creditors have also decreased, suggesting improved debt management. The company’s small size—meeting two of three conditions for being classified as small—allows for agility, but the decrease in equity is a concern. No auditor is mentioned, which is typical for a small, exempt company.

In short, Chessworth Limited seems to be navigating a challenging environment. While its commodities trading activities appear promising, the financial data suggests the company is burning through cash. The company’s reliance on a single founder and its virtual address further add to the uncertainty.

Registered in England/Wales under the registration number 12582656, with a registered address at TN39 5ES, England, Bexhill, East Sussex, Unit 2.02 High Weald House, Glovers End.

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