Chint Europe (uk) Ltd

Chint Europe (uk) Ltd, based in Stockport, UK, is a large, active company established 21 years ago. Employing 18 people, it holds substantial assets of £8,293,565 and generates £6,126,471 in yearly revenue. With a real address and two directors and owners, it boasts a respectable Google rating of 4.0 based on three reviews. The company regularly imports and exports electrical machinery and equipment, with 461 months of import activity and 18 months of export activity recorded.

The company’s website showcases a broad range of electrical products, from power distribution boards and circuit protection to wiring accessories and motor control gear. It's clear Chint Europe (uk) Ltd operates as a wholesale distributor, catering to industrial and commercial clients. The site doesn's appear to be an e-commerce platform, suggesting sales are primarily conducted through direct contact and established relationships. There’s a strong emphasis on technical specifications and product listings, indicating a B2B focus.

Financially, Chint Europe (uk) Ltd presents a mixed picture. While turnover remains substantial, net assets declined by 18% to £7,100,000, and cash reserves plummeted 71% to £1,000,000. Bank borrowings increased significantly, by 2,400%, reaching £29,000. Creditors decreased by 58%, which could indicate improved debt management. The company’s size (meeting two of three criteria for a large company) allows for flexibility, but the sharp decline in equity raises concerns. The company's financial statements were audited by Hurst Accountants Limited.

The substantial drop in cash reserves and the increase in borrowings suggest the company may be facing increased operating expenses or investing in growth. The decrease in net assets, despite the healthy turnover, could be due to depreciation of assets or write-downs. It’s possible the company is navigating a challenging market environment or facing increased competition.

Registered in England/Wales under the registration number 05058286, with a registered address at SK1 2AE, Stockport, Greater Manchester, Units 9 & 11 Spark Business Park, Hamilton Road.

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