Istchemical Ltd

Istchemical Ltd is a small, active company based in London, UK, founded three years ago in September 2021. It’s a solo-founder operation with one director and employee, holding £13,254 in assets. The registered address is a virtual one, shared by 261 other companies, which is a bit odd. The company operates in several areas, including selling fuels, chemicals, providing management consultancy, and even wholesale of waste – quite a range! It’s also an irregular importer, primarily bringing in machinery parts, with the latest shipment arriving in May 2024.

The company’s website, while basic, suggests a focus on collaboration and innovation, with phrases like “Think together, Create together” prominently displayed. It also mentions news updates from 2023 and 2024, indicating some activity, but the site’s overall design feels dated. There’s no obvious e-commerce functionality—it doesn’t look like they’re selling directly to consumers. Instead, it seems more like a marketing site or a portal for business-to-business interactions. The website also lists a fax number, which is a bit of an anachronism.

Financially, Istchemical Ltd presents a mixed picture. Cash reserves have increased significantly, jumping 150% to £10,000, which is a positive sign. However, creditors have also risen by 42%, reaching £6,500, and debtors have decreased by 16%, falling to £3,000. Equity has seen a substantial increase, rising 270% to £2,400. While the company meets the criteria to be classified as small—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—the rise in creditors and decrease in debtors could indicate some cash flow pressures. The company’s accounts are described as “filleted” and unaudited, relying on director-reported data. There's no auditor mentioned.

Overall, Istchemical Ltd seems to be navigating the early stages of growth. The increased cash reserves are encouraging, but the rising creditors and declining debtors suggest a need to manage cash flow carefully. The company's diverse range of activities and its focus on collaboration could be strengths, but its basic website and reliance on a virtual address raise questions about its long-term sustainability.

Registered in England/Wales under the registration number 13635071, with a registered address at N5 2ER, United Kingdom, London, Office 403, Screenworks, 22 Highbury Grove.

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