Chinnydipper Ltd

Chinnydipper Ltd from Poole UK: a small, active company founded eleven years ago, operates as a solo venture with one employee and a virtual address. It’s a small business, with a single director and owner, running an e-commerce site and irregularly importing clothing and accessories made by knitting or crocheting (just one month of imports recorded in 2020). The company’s core business is retail sale of sports goods, fishing gear, camping goods, boats and bicycles.

The company’s website, Chinnydipper, showcases a range of junior sports clothing, particularly focusing on golf attire for boys and girls. It emphasizes quality, stylish designs, and fast shipping, with a section dedicated to showcasing alumni who have excelled in their sports—a nice touch. The site also features a countdown timer for upcoming product drops, suggesting a planned marketing strategy. It’s clear the company is targeting a specific niche: junior athletes and their families.

Financially, Chinnydipper Ltd presents a mixed picture. Accumulated depreciation on vehicles has increased significantly by 64%, indicating investment in transport, but cash bank on hand has also improved by 39%. Bank borrowings have risen considerably by 130%, and creditors have increased by 11%, suggesting a reliance on external financing. A notable decline is seen in property, plant, and equipment, dropping 26% overall. Net assets have decreased by 42%, indicating a reduction in equity. The company meets the criteria to be considered small, with turnover under £10.2 million and assets under £5.1 million. No auditor is mentioned, which is common for small, exempt companies.

Overall, Chinnydipper Ltd seems to be navigating a period of growth and investment, but the declining net assets and increased borrowing suggest it’s burning through cash a little faster than it’s generating revenue. The focus on a niche market and the online presence are positives, but continued financial monitoring will be crucial.

Registered in England/Wales under the registration number 09050373, with a registered address at BH15 2PW, Poole, Dorset, Towngate House, 2-8 Parkstone Road.

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