Industrial Chemicals Group Limited

Industrial Chemicals Group Ltd from Brentwood UK: holding company, active status, founded 49 years ago, 5 employees, £10,162,184 assets, virtual address, 7 directors, 3 owners, family business, google rating 5.0 based on 4 reviews. Regular importer of inorganic chemicals (240 months imported). Regular exporter of inorganic chemicals (112 months exported). Industrial Chemicals Group Limited is a long-standing holding company, established nearly five decades ago and currently employing just five people. It boasts a substantial asset base of £10.16 million, though its registered address is a virtual one, raising questions about its physical presence. The company, a family business with seven directors and three owners, maintains a stellar 5.0-star Google rating from a small number of reviews.

The company operates in the manufacture of other chemical products, and is a regular importer and exporter of inorganic chemicals, with a significant history of both – 240 months of imports and 112 months of exports. Its website highlights a diverse range of services, from agriculture and feed to cleaning and power energy solutions, and even includes a section on "expertise" detailing its capabilities. It seems to pride itself on customer satisfaction, with a clear focus on providing comprehensive solutions across various industries.

Financially, Industrial Chemicals Group Limited shows some concerning trends. Accrued liabilities and deferred income have increased by 22%, while deferred tax expense credit has decreased by 170%. Bank borrowings have plummeted by 78%, which could indicate a reduction in debt, but also potentially a reliance on cash reserves. Net assets have also declined by 5.8%, and net losses deepened by 710%. While creditors decreased by 25%, suggesting better debt management, the significant decrease in cash reserves and the increased liabilities are points of concern. The company's auditor is Rickard Luckin Limited.

Despite these financial pressures, the company’s long history, family ownership, and diverse service offerings suggest a resilient business. However, the virtual address and the recent financial trends warrant closer scrutiny to determine if the company is burning through money or simply navigating a challenging economic climate.

Registered in England/Wales under the registration number 01248371, with a registered address at CM13 3BE, Brentwood, Essex, Jupiter House Warley Hill Business Park, The Drive.

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