Summit Chairs Limited

Summit Chairs Ltd, based in Trowbridge, UK, is a small, active company with a long history, having been founded 47 years ago. Employing 59 people, the company holds £120,965 in assets and operates from a virtual address—a point of note as 39 companies are registered at the same location. With one director and two owners, it maintains a stellar 5.0 Google rating based on six reviews. The company regularly imports goods, though the specific category remains unspecified, with the last import recorded 14 months ago.

The company’s website, while not providing detailed information, indicates Summit Chairs Ltd operates within the manufacture of office and shop furniture industries. It’s a small business, meeting two of the three conditions to be classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

A review of the company’s financial data reveals a mixed picture. While bank borrowings have decreased significantly by 43%, current assets have plummeted by 88% to £120,000—a concerning trend. Creditors have also decreased by 74%, which could indicate improved debt management. However, net assets have remained relatively stable. The company’s equity has decreased slightly, but it’s still holding a substantial £1 million. The sharp decline in current assets, however, suggests the company may be burning through cash reserves more quickly than it’s generating revenue. The company has no auditor mentioned, likely due to its small size and exemption from an audit.

The company’s directors list was changed four months ago, a good sign that the company is evolving. The fact that the company is a regular importer, even if the category is unspecified, suggests it’s engaged in international trade. Overall, Summit Chairs Ltd appears to be a long-standing business facing challenges, but with the potential to adapt and thrive.

Registered in England/Wales under the registration number 01324365, with a registered address at BA14 7FJ, England, Trowbridge, Wiltshire, County Gate, County Way.

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