Chiggle Ltd

Chiggle Ltd, based in Chigwell, UK, is a small, active company founded nine years ago. With a single employee and £33,103 in assets, it operates from a real address and is overseen by one director and owner. The company is an irregular importer, primarily dealing in electrical machinery and equipment, with just two months of import activity recorded over the last eight years.

The company’s website, Jiggle Promotional Merchandise, showcases a wide range of promotional items, from pens and notebooks to clothing and confectionery. It functions as an e-commerce platform, offering services like sourcing, storage, fulfilment, and design schemes. The site caters to businesses seeking branded merchandise and corporate gifts, boasting a vast catalogue and emphasizing quick quotes and fast delivery. It’s clear the company’s focus is on providing a comprehensive service for businesses looking to promote their brand.

Financially, Chiggle Ltd presents a mixed picture. Current assets have decreased by 11%, dropping to £33,000, while net assets have fallen significantly by 57%, landing at -£9,500. Cash bank on hand has increased by 62%, reaching £3,000, which is a positive sign. However, creditors have also decreased by 9.4%, and trade debtors have fallen by 14%, suggesting potential issues with collecting payments. Despite these challenges, the company’s small size (meeting two of three conditions for a small company) allows for agility. No auditor is mentioned, which is typical for small companies exempt from an audit.

Overall, Chiggle Ltd appears to be navigating a period of financial pressure. While the e-commerce business seems active and well-stocked, the declining equity and increased borrowings indicate a need for careful management. It’s likely the company is working to improve cash flow and manage its debts to ensure its long-term sustainability.

Registered in England/Wales under the registration number 09871528, with a registered address at IG7 6QQ, England, Chigwell, 111 High Road High Road.

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