Chester Wool Company Ltd

Chester Wool Company Ltd, based in Chester, UK, is a holding company with an active status, established eleven years ago in 2013. The company, employing six individuals, manages assets totaling £21,401,724 and generates a yearly revenue of £17,117,665. It operates from a real address and is overseen by three directors and a single owner. A Google rating of 5.0, based on one review, reflects positive customer perception. The company regularly imports and exports wool and animal hair products, with 141 months of import activity and 82 months of export activity.

The company's website highlights its specialization in undyed yarn for hand-dyers, offering over 230 yarn bases wholesale from a Dutch warehouse. It's a family-owned business with over 70 years of combined experience in the wool trade and dyeing. The company caters to both UK and international customers, offering custom-spun yarns for larger orders. The website clearly positions Chester Wool as a supplier for creative artisans, not a direct-to-consumer retailer.

Financially, Chester Wool Company Ltd presents a mixed picture. While turnover increased by a solid 10%, several key metrics have declined. Current assets decreased by 4.3%, and net assets fell 12%. Bank borrowings have increased significantly, and cash reserves have decreased, suggesting tighter liquidity. However, creditors decreased by 34%, which could indicate improved debt management. The company meets two of three criteria to be classified as a small business, which helps it maintain agility. The accounts are unaudited, and no auditor is mentioned.

The company’s focus on wholesale undyed yarn suggests a B2B model, catering to a niche market. The decline in cash reserves and increase in borrowings, however, warrants attention. It’s likely that the company is navigating the challenges of growth and fluctuating raw material costs, but the long-term sustainability of its business model remains to be seen.

Registered in England/Wales under the registration number 08659668, with a registered address at CH1 2HT, Chester, C/O Ellis & Co, 114-120 Northgate Street.

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