Penelope Chilvers Limited

Penelope Chilvers Ltd, a small, active company based in London, UK, has been crafting footwear and accessories for sixteen years. Founded in 2009, the company employs thirty-eight people and holds £3,423,525 in assets. It’s a family-run affair, with seven directors but no officially registered owners, a common situation for smaller UK businesses. Regular import and export activity—318 months of importing and 556 months of exporting—highlights its international reach, primarily focused on footwear and related items.

The company's website, PenelopeChilvers.com, is a fully functional e-commerce platform showcasing a wide range of boots, shoes, and accessories. It's clear the business operates primarily through online sales, with a focus on design, quality, and British craftsmanship. The site emphasizes seasonal collections, including the Summer Collection and Cowboy Collection, and highlights the company’s commitment to sustainability and rare skills. The site is well-designed and easy to navigate, suggesting a focus on customer experience.

Financially, Penelope Chilvers Ltd presents a mixed picture. While current assets increased by 27% to £3.4 million, net assets declined by 54% to -£1.4 million, a significant drop. Cash reserves grew by a substantial 180% to £460,000, a positive sign, but trade debtors decreased by 36%, indicating potential payment issues. Creditors increased by 83%, suggesting a reliance on borrowing, and bank borrowings surged by 2,400%, a worrying trend. The company’s small size—meeting two of three criteria for being a small company—helps it remain flexible, but the equity decline warrants attention. There is no auditor mentioned, consistent with its status as a small, exempt company.

Overall, Penelope Chilvers Ltd seems to be navigating a period of growth and change. While the increase in cash reserves is encouraging, the decline in equity and increased borrowing suggest a need for careful financial management. The company's strong brand and online presence offer a solid foundation for future success, but sustained profitability will depend on addressing these financial pressures.

Registered in England/Wales under the registration number 06855823, with a registered address at W1K 5NX, England, London, 69 Duke Street.

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