Knives For Chefs Ltd

Knives For Chefs Ltd from Barnet UK: small company, active status, founded 15 years ago, £47,291 assets, real address, 1 director, 1 owner, e-commerce site. 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, employees less than 50. The last reported current assets is £47,291. The company operates in the retail sale via mail order houses or via internet industries. Officially, it has one owner or PSCs, one director and no number of employees published.

The company’s website, Knives for Chefs, presents a wide selection of knives, from chef’s knives to specialized tools for fish and vegetable preparation. It caters to both professional chefs and home cooks, offering brands like Glestain, Hatsukokoro, and Misono. The site also sells accessories like luggage, sharpening tools, and even offers a knife sharpening service provided by James Adams in central London. A newsletter signup promises discounts and access to new releases, and the site actively promotes its brands with detailed descriptions and high-quality images. It's clear the business is focused on e-commerce, with a user-friendly interface and a strong emphasis on product information.

Financially, Knives For Chefs Ltd shows some concerning trends. While current assets are up slightly, net assets have decreased significantly, falling from -£16,000 to -£25,000. Cash bank on hand has also plummeted, dropping 66% to just £1,800. Creditors have increased by 42%, and tax payable has risen dramatically, increasing 330% to £3,900. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the declining equity and reliance on short-term debt suggest it's burning through cash. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Knives For Chefs Ltd is a niche e-commerce business facing financial headwinds. While its website and product selection appear strong, the company needs to address its declining equity and rising short-term liabilities to ensure its long-term viability. It’s a situation that’s not uncommon for small, online businesses, but it will require careful management to overcome.

Registered in England/Wales under the registration number 07181142, with a registered address at EN5 1AH, Barnet, Herts, Rear Of Raydean House C/C Connect Accounting, Western Parade, Great Nth Rd.

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