Looe Chandlery Limited

Looe Chandlery Limited, based in Falmouth, UK, is a small, active company founded fifteen years ago in 2010. Employing five people, it holds £138,645 in assets and operates from a virtual address—a detail highlighted by the fact that fifty other companies are registered at the same location. The business has three directors and two owners, and boasts a respectable Google rating of 4.0 based on sixty-four reviews. It’s an irregular importer, primarily dealing in toys, games, and sports equipment, with its last import activity recorded one month ago in April 2022.

The company’s website is not available, so it's difficult to ascertain the exact nature of its operations beyond the import data. However, the report indicates Looe Chandlery Limited operates in the “other retail sale in non-specialised stores” industry.

Financially, Looe Chandlery Limited presents a mixed picture. Current assets have decreased by 8.2% to £140,000, while net assets have fallen by 9.3% to £130,000. Cash reserves have also decreased by 7.4% to £76,000. On the positive side, creditors have decreased by 15%, suggesting improved debt management. The company meets two of the three conditions to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), which allows it to benefit from simplified reporting requirements. There is no auditor mentioned, which is common for small, exempt companies.

The sharp decrease in equity—a 170% increase in retained earnings and accumulated losses—is a notable trend. While the company’s small size allows for agility, this decline raises questions about its financial health. The decrease in trade debtors, however, suggests better management of customer payments.

Registered in England/Wales under the registration number 07127152, with a registered address at TR11 3JH, United Kingdom, Falmouth, Cornwall, 48 Arwenack Street.

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