London Chemicals & Resources Limited

London Chemicals & Resources Ltd, based in Westerham, UK, is a sizable company with an active status, having been established nineteen years ago. Employing ten individuals and boasting assets of £7,076,995, the business operates from a real address and is overseen by three directors and two owners. It maintains a stellar 5.0 Google rating from eleven reviews. The company is an irregular exporter of inorganic chemicals, with its last export operation occurring in July 2024.

The company’s website highlights its dual role: supplying industrial inorganic chemicals to a global customer base and providing recycling solutions for spent catalysts and other secondary raw materials. It partners with AGR Catalyst Recovery, a facility in Spain, to process spent catalysts. LCR stocks and distributes a wide range of chemicals, including cobalt, molybdenum, nickel, potassium, tungsten, and vanadium, catering to customers with quantities ranging from single bags to thousands of tonnes. The website also showcases the company's piano restoration venture, a separate business with a showroom in Harrods.

Financially, London Chemicals & Resources Ltd shows a mixed picture. While revenue increased by 15%, reaching £28 million, net assets increased by just 4.5% to £4.7 million. Bank borrowings decreased significantly, falling by 95% to £50,000, a positive sign. However, cash reserves declined by 37% to £1.1 million, and net losses deepened by 60% to £480,000. Trade debtors increased by 65%, which could indicate difficulties in collecting payments, and creditors rose by 69%, suggesting increased reliance on short-term financing. The company’s administrative expenses increased by 21%, and director remuneration increased by 45%, which could be a concern. The company’s small size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and fewer than 250 employees) helps it stay agile, but the equity drop raises questions. The company's financial statements were audited by Simpson Wreford LLP. Overall, London Chemicals & Resources Ltd appears to be navigating a challenging economic climate, balancing growth with financial pressures.

Registered in England/Wales under the registration number 05594061, with a registered address at TN16 1PG, Westerham, Kent, General Wolfe House, High Street.

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