Newgate Simms Limited

Newgate Simms Limited is a small, active company based in Chester, UK, with a history stretching back 72 years. Established in 1953, it employs seven people and holds £1,346,323 in assets. With three directors and a single owner, the business operates from a real address and is a regular importer and exporter of soaps, cleaning products, and waxes, with 73 months of import activity and 35 months of export activity.

The company’s website reveals a focus on speciality synthetic lubricants and chemicals, partnering with companies like Pergan Organic Peroxides and TriboScience and Engineering. It's not just a distributor; Newgate Simms offers technical support, problem-solving advice, and product selection assistance to engineering and technical staff. The website also features an online shop selling smaller quantities of its products, and a dedicated technical support website with articles, case studies, and videos. It seems like the company has evolved from its original focus on materials and machinery for the composite industry, now catering to a variety of industries.

Financially, Newgate Simms Limited presents a mixed picture. While current assets decreased by 3.6% to £1,300,000, trade debtors increased significantly by 68%, reaching £310,000—suggesting perhaps a shift in payment terms. Cash reserves also fell by 12%, dropping to £980,000. Net assets declined by 3.3% to £1,300,000. A notable decrease in average employees, down 43% to just four, could indicate restructuring or a focus on automation. The company’s small size—meeting two of three criteria for being a small company—helps it remain agile, but the decline in equity and employee numbers warrants closer attention. As a small company, it is exempt from an audit, so the financial statements are unaudited. The company’s continued focus on technical support and its partnerships suggest a strategy of value-added services, but the financial data reveals some pressures that need to be addressed.

Registered in England/Wales under the registration number 00517178, with a registered address at CH4 0BY, Wales, Chester, Flintshire, Unit 6 Broughton Industrial Estate, Broughton Mills Road.

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