The Chatham Rope Company Limited

The Chatham Rope Company Ltd, based in Colchester, UK, is a small, active company founded 14 years ago. With nine employees and £449,725 in assets, it’s a well-established player in its sector. The company has five directors and one owner, Parr Colin, who seems to be at the helm. It operates from a real address and has been importing textile padding, felt, and nonwoven fabrics, special yarns, and ropes and cables regularly for 76 months, with the most recent import occurring in February 9 2025. Export activity is much less frequent, with just one month of exports recorded back in August 2021.

The company’s website is unavailable, so it’s difficult to determine the full scope of its operations. However, it’s clear that The Chatham Rope Company Ltd is involved in the manufacturing of ropes and cables, likely supplying various industries. It’s a small company, meeting two of the three criteria to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Financially, the company’s recent performance presents a mixed picture. Cash bank on hand has decreased by 12% to £260,000, while current assets have fallen by 16% to £450,000. Bank borrowings have been reduced significantly, dropping 54% to £80,000, which is a positive sign. However, net losses deepened, and trade debtors increased by 7.8%. Creditors also rose by 8%, suggesting a need to manage debt more effectively. The company’s unaudited accounts, prepared by Pro Tax Accounting, rely on director-reported data.

Overall, The Chatham Rope Company Ltd appears to be navigating a challenging economic climate. While the reduction in bank borrowings is encouraging, the decrease in cash reserves and increased debt suggest a need for careful financial management. The company’s small size provides agility, but the long-term sustainability of its operations will depend on its ability to maintain sales and control costs.

Registered in England/Wales under the registration number 07339429, with a registered address at CO7 7YD, Colchester, Essex, 3 Harvest Way, Elmstead Market.

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