Industrial Supply Chain Limited

Industrial Supply Chain Ltd from Cheltenham UK: a small company with an active status, was founded 19 years ago. It employs 16 people and holds £1,187,981 in assets. The company operates from a virtual address, managed by three directors and two owners. It's a regular importer of footwear and related items, with three months of import activity recorded, the last being October 01, 2024.

The company’s activities encompass wholesale of machinery and equipment, non-specialised wholesale trade, and other retail sales. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. While no website is available, its business model suggests a B2B focus, likely supplying retailers or distributors with footwear.

Financially, Industrial Supply Chain Ltd shows some concerning trends. While current assets remain steady at £1,200,000, net assets decreased by 18% to £250,000. Bank borrowings increased by 41% to £9,000, and cash reserves plummeted 99% to just £150. Creditors also decreased by 11% to £230,000. The company’s trade debtors, however, decreased by 22%, suggesting better collection rates. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The decrease in cash reserves and the increase in bank borrowings are particularly noteworthy, suggesting the company may be burning through cash faster than it’s generating revenue. Whether this is a temporary blip or a longer-term challenge remains to be seen, but it’s something the directors will need to address.

Registered in England/Wales under the registration number 05616255, with a registered address at GL51 4GA, Cheltenham, Gloucestershire, Chargrove House Main Road, Shurdington.

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