Chicca Limited

Chicca Ltd from Grimsby UK: a small, active company founded 24 years ago, is facing some challenges. Despite its long history, accounts and confirmation statements are now overdue for two years, and with just one employee, the business holds £58,272 in assets. The company operates from a virtual address, sharing space with many other businesses, and is led by one director and two owners – a family affair. Google reviews are mixed, sitting at a 3.0 rating based on 10 reviews. Chicca Ltd regularly imports clothing and accessories, not knitted or crocheted, with recent activity recorded four months ago.

The company's website, as seen on Pomanda, highlights its role as a data provider for businesses. It offers lead generation, market research, and financial estimates, targeting sales, valuation, and compliance needs. The site boasts a Power Search tool, AI business plans, and instant credit reports, catering to advisors, sales teams, and investors. It’s a lead generation tool, and it's clear Chicca Ltd is trying to leverage its company data to provide valuable insights to other businesses.

Financially, Chicca Ltd's numbers paint a concerning picture. Accrued liabilities have risen by 20%, and cash bank on hand has plummeted 59% to just £7,800. Bank borrowings have increased dramatically, reaching £35,000, while net assets have shrunk by a significant 75% to £5,700. Trade debtors have also fallen by 58%, suggesting potential issues with customer payments. Despite these challenges, creditors have decreased by 43%, which could be a sign of improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no mention of an auditor, which is common for small, exempt companies.

Overall, Chicca Ltd appears to be struggling financially, with declining assets and increased debt. While the data-driven services offered through Pomanda represent a diversification effort, it remains to be seen if it can offset the challenges facing the core business. It's a small business, and it’s clear they’re trying to adapt, but the current numbers suggest a need for careful management and perhaps a re-evaluation of their strategy.

Registered in England/Wales under the registration number 04172941, with a registered address at DN32 7AA, England, Grimsby, 6-8 Freeman Street.

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