Chhabra Ltd.

Chhabra Ltd from Chigwell UK: small company, active status, founded 7 years ago, 3 employees, £119 assets, virtual address, 3 directors, 3 owners, solo founder, e-commerce site. 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 last reported current assets is £120.

Founded in December 2017, Chhabra Ltd operates an online fashion retail business, specializing in designer bridal fashion, including sarees, suits, lehengas, and gowns. The company’s website, Chhabra 555, showcases a wide range of products, emphasizing high quality and Indian craftsmanship. It also has a retail presence in Chandni Chowk, Delhi, and Karol Bagh, Delhi. The website highlights a commitment to “Made in India” and caters to both domestic and international customers, offering free shipping across India.

Financially, Chhabra Ltd’s recent report paints a concerning picture. Net assets liabilities plummeted by a significant 27%, ending at -£77,000. Cash bank on hand dropped by 12% to £120, and current assets saw a dramatic 99% decrease to just £120. Trade debtors and creditors remain relatively unchanged, but the sharp decline in assets and cash reserves suggests the company is burning through money. Raw materials held steady at £16,000, but total inventories were reported as zero, which is a big change. The lack of employees (only three reported) indicates a lean operation, but the financial strain is undeniable. There was no auditor mentioned, so the figures are unaudited.

While the e-commerce side appears active and well-reviewed, the financials reveal a company struggling to maintain its financial health. Whether Chhabra Ltd can turn things around remains to be seen, but its focus on quality and Indian heritage could be key to its long-term success.

Registered in England/Wales under the registration number 11094470, with a registered address at IG7 5QN, England, Chigwell, 3 New Forest Lane.

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