Wessex Fine Chemicals Limited

Wessex Fine Chemicals Ltd from Maidstone UK: a small holding company with an active status, has been operating for 30 years. Employing just five people, the company holds £1,276,425 in assets and operates from a virtual address, a detail worth noting. Two directors and one owner guide the business, which regularly imports organic chemicals (345 months) but exports them infrequently (1 month).

The company’s website reveals a focus on supplying active pharmaceutical ingredients, a business they’ve been involved in since 1994. They cater to medicine manufacturers, emphasizing reliability and regulatory compliance, and are registered with the UK MHRA and certified GDP. Their services extend beyond distribution, including sourcing, regulatory expertise, and connecting clients with overseas manufacturing partners. They even have a showroom in Harrods, London.

Financially, Wessex Fine Chemicals Ltd shows some concerning trends. Current assets decreased by 13%, dropping to £1,300,000, while net assets increased by 6.4%, reaching £930,000. Bank borrowings decreased significantly, falling by 66%, to £5,300, and cash reserves increased dramatically, rising by 130%, to £210,000. Trade debtors decreased by 64%, suggesting improved collection rates, but creditors increased by 74%, to £82,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the increase in creditors could be a sign of increased operational expenses. As a small company, it’s likely exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 02926108, with a registered address at ME15 6JD, United Kingdom, Maidstone, Kent, 5 West Court, Enterprise Road.

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