5 Star North East Ltd

5 Star North East Ltd is a small, active company based in Newcastle Upon Tyne, UK, founded seven years ago in 2017. With £118,983 in assets and a real registered address, it employs three people and is run by two directors and two owners, making it a family business. The company regularly imports iron or steel products, with 7 months of import activity recorded, the last in July 2022.

The company operates in the other business support service activities n.e.c. industries. Its website is non-existent, so it’s hard to tell if they have an e-commerce presence.

Financially, 5 Star North East Ltd presents a mixed picture. Current assets have increased significantly, jumping 180% to £120,000, while net assets have remained steady at £2. Bank borrowings have decreased by 61%, falling to £8,700, and cash reserves have increased by a substantial 220%, reaching £16,000. Trade creditors have decreased by 61%, suggesting better debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the large increase in finished goods and inventories (180%) might indicate a build-up of stock. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The increase from depreciation charge for property, plant and equipment has remained steady, and the company has increased its average number of employees during the period by 67%.

Registered in England/Wales under the registration number 10908864, with a registered address at NE4 6AQ, England, Newcastle Upon Tyne, 248 Westgate Road.

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