Manchester Chemicals Limited

Manchester Chemicals Ltd from Manchester UK: small company, holding company, active status, founded 27 years ago, 3 employees, £1,445,010 assets, virtual address, 4 directors, 1 owner. Regular importer of plastics and plastic products (142 months imported). Regular exporter of plastics and plastic products (19 months exported). 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 company operates in the other service activities n.e.c. industries.

Manchester Chemicals Ltd appears to be a holding company involved in the import and export of plastics and plastic products. Based in Manchester, UK, the company has been active for 27 years, employing just three people. The registered address is a virtual one, shared by 206 other companies, which is a bit unusual. It’s run by four directors and has one owner, Rceb And Co Ltd, who took over ownership a year ago. The company’s website is not available, so it’s difficult to determine if it operates an e-commerce platform or primarily engages in business-to-business transactions.

Financially, Manchester Chemicals Ltd presents a mixed picture. While current assets total £1,445,010, they’ve decreased by 13% compared to the previous year, dropping from £1,700,000. Bank borrowings have increased by 6.5% to £260,000, and creditors have fallen by a significant 34% to £450,000. The company’s net assets have also decreased slightly, falling by 1.3% to £580,000. The increase in trade debtors, up 35% to £640,000, could indicate delayed customer payments, while the rise in other creditors, up 40% to £13,000, suggests increased supplier obligations. The company’s small size, meeting two of three criteria for a small company, allows for agility, but the decline in assets and increase in debt warrants attention. As a small company, it is exempt from an audit, so the figures are unaudited. It seems like they are holding steady, but it would be good to see a more detailed look at their cash flow.

Registered in England/Wales under the registration number 03416027, with a registered address at M2 3BD, United Kingdom, Manchester, Xeinadin Manchester, 100 Barbirolli Square.

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