Chic Event Hire Limited

Chic Event Hire Ltd, based in Gravesend, UK, is a small holding company with an active status, celebrating ten years since its founding in 2014. The company employs nine people and holds £148,112 in assets, operating from a real address shared by only two other companies. With two directors and two owners, it maintains a respectable Google rating of 4.0 based on 23 reviews. Chic Event Hire regularly imports furniture, lighting, and prefabricated buildings, with five months of import activity recorded, the latest in July 2023.

The company’s website showcases a wide range of event hire services, catering to weddings, corporate events, and parties. It operates an e-commerce site, allowing customers to browse and order equipment online, and offers a comprehensive selection of glassware, crockery, cutlery, furniture, linen, serveware, barware, kitchen equipment, and venue accessories. The site also features a blog with event planning tips and advice.

Financially, Chic Event Hire Ltd presents a mixed picture. Current assets have decreased by 34% to £150,000, while net assets have fallen by 12% to -£230,000. Bank borrowings have declined by 15%, and cash reserves have plummeted 64% to £19,000. Creditors have decreased by 15%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant equity drop raises concerns. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

The company's reliance on a defined contribution pension scheme and its focus on historical cost accounting are standard practices for businesses of its size. While the decrease in trade debtors suggests better payment collection, the substantial losses highlight the challenges of running a rental business. It's possible that increased competition or changing customer preferences have impacted revenue, or perhaps the company is investing heavily in marketing and equipment upgrades.

Registered in England/Wales under the registration number 09187324, with a registered address at DA12 1NY, Gravesend, Kent, Redwood, Hillside Drive.

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