Ardiez Ltd

Ardiez Ltd is a small, active company based in Nuneaton, UK, founded six years ago. It operates as an e-commerce site and is managed by two directors and two owners. The company’s registered address is a virtual one, shared by twenty-one other businesses.

The company specializes in retail sale via mail order houses or via internet industries, offering a range of woodworking machinery and tooling. Its website, Charnwood Machinery Ltd, showcases a wide selection of products, from bandsaws and dust extraction systems to hand tools and finishing products. The site also features a timber blanks section, with a diverse range of wood species available. The company even provides spare parts for its machinery, and has a technical support section to help customers with any issues.

Financially, Ardiez Ltd shows a mixed picture. While the company is exempt from an audit, the financial statements reveal a concerning trend. Net assets and retained earnings have both decreased by 13%, sitting at -£4,100 and -£4,000 respectively. Cash reserves are also down, and bank borrowings have increased significantly. Creditors, however, have also increased, suggesting a need for cash. 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 stay agile, but the equity drop raises questions. It's clear that the company is facing financial pressure, but it’s too early to say whether it's a temporary setback or a longer-term challenge.

Registered in England/Wales under the registration number 11887173, with a registered address at CV11 5TS, United Kingdom, Nuneaton, First Floor, 59 Coton Road.

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