Simply Chesterfields Ltd

Simply Chesterfields Ltd from Alton UK: small company, active status, founded 3 years ago, £2,446 assets, virtual address, 2 directors, 3 owners, family business, e-commerce site. It’s a small, family-run business operating in the competitive world of handcrafted chesterfield sofas. Founded just three years ago, the company boasts a dedicated team of two directors and three owners, with a focus on quality and British craftsmanship. The registered address, however, is a virtual one, sharing space with 272 other companies, which is a bit odd. The company operates an e-commerce site, offering a wide range of sofas upholstered in various materials and styles, from classic leather to funky corduroy.

The website, Chesterfields, is a visual feast of sofa options, categorizing them by size, colour, and style. It’s clear they’re targeting a customer who appreciates traditional design with a modern twist. The site even has a section dedicated to different leather types, detailing the unique characteristics of each – vintage, rustic, and ol' school, among others. They’re really going all in on the British heritage angle.

Financially, Simply Chesterfields Ltd presents a picture of a company struggling to gain traction. Current assets are a meager £2,446, and net assets are a negative £14,000. Bank borrowings are at £16,000, and cash reserves are a paltry £560. While creditors have decreased slightly, the overall trend is concerning. The company meets the criteria for a small business – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees – but the negative equity suggests it’s burning through cash. The lack of employees (zero reported) and the absence of an auditor (likely exempt as a small company) add to the uncertainty.

Despite the financial challenges, Simply Chesterfields Ltd appears committed to its niche market. The website is well-designed, and the emphasis on quality and British craftsmanship is appealing. Whether they can turn things around and build a sustainable business remains to be seen, but they're clearly trying to offer something unique in the crowded furniture market.

Registered in England/Wales under the registration number 14045755, with a registered address at GU34 1HG, England, Alton, Hampshire, The Stables, 23b Lenten Street.

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