Middle East Chemicals Limited

Middle East Chemicals Ltd is a small, active company based in Bedford, UK, established 45 years ago in 1980. With four employees and £1,128,862 in assets, it operates from a real address and is led by three directors and a solo founder, Watt Samuel Joel. The company is irregular importer of optical and medical tools and devices (1 months imported), but a regular exporter of organic chemicals (280 months exported).

The company's website showcases a diverse range of services, primarily focused on chemical shipping and handling. It offers sea freight, air freight, chemical procurement, customs documentation, and warehousing solutions, catering to various sectors like construction, water treatment, and pharmaceuticals. The website highlights expertise in sourcing chemicals and providing tailored supply and delivery services, with a focus on customer satisfaction. It’s clear they aren’t an e-commerce business, but rather a service provider facilitating the movement of chemicals.

Financially, Middle East Chemicals Ltd presents a mixed picture. While current assets increased by 9.1% to £1,100,000, net assets grew by 15% to £920,000. However, cash reserves declined by 5.4% to £230,000. Trade debtors rose by 4.7% to £800,000, while creditors decreased by 7.6% to £270,000. A significant drop in accumulated depreciation impairment property plant equipment, falling 82% to £5,100, suggests possible asset write-downs or changes in accounting practices. 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 agility, but the increased debt and reduced cash flow could indicate financial strain. No auditor is mentioned, which is typical for small companies exempt from an audit. The company’s focus on international trade, while potentially lucrative, also exposes it to currency fluctuations and geopolitical risks.

Registered in England/Wales under the registration number 01482130, with a registered address at MK40 2BP, Bedford, Bedfordshire, The Lodge Trinity Gardens, Bromham Road.

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