Chinacraft Limited

Chinacraft Limited, based in London, UK, is a small holding company with an active status, celebrating 90 years since its founding in 1935. The company holds £506,852 in assets and operates from a real address at 138 Barlby Road, London, W10 6BJ, with three directors and one owner. It’s a retail business that operates in the mail order and internet industries.

The company’s website is non-existent, making it difficult to gauge its current online presence or marketing efforts. It’s hard to say if they’re actively selling online or relying solely on traditional mail-order channels.

Financially, Chinacraft Limited presents a mixed picture. While current assets increased by 21% to £510,000, bank borrowings surged by 1,400%, reaching £280,000. Creditors also rose significantly, by 17%, to £460,000. Despite these increases, equity saw a dramatic jump, soaring 1300% to £23,000. Cash reserves fell 41% to £100,000. The company’s small size—meeting two of three conditions for being considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees)—helps it maintain agility. The significant increase in equity, however, suggests a possible injection of funds or a revaluation of assets. There’s no auditor mentioned, which is typical for small companies.

The company’s long history—spanning nine decades—suggests resilience, but the recent financial shifts warrant closer attention. The substantial increase in debt alongside a rise in equity indicates a period of investment or restructuring. Whether this is a sustainable strategy remains to be seen, and it’s important to keep an eye on their debt management in the coming years.

Registered in England/Wales under the registration number 00300239, with a registered address at W10 6BJ, England, London, 138 Barlby Road.

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