Bio-nordic Ltd

Bio-Nordic Ltd from Leeds UK: a small, active company founded 14 years ago, employs just one person, and holds £26,704 in assets. It’s a solo founder operation with a real address and a single director. The company regularly imports machinery, boilers, and mechanical appliances; parts, with four months of import activity recorded as of April 2024. It operates in several areas, including retail sales, engineering consulting, and industrial design.

The company’s website is minimal, offering little insight beyond its core business. It appears to be primarily a B2B operation, focusing on sourcing and supplying industrial equipment rather than direct-to-consumer sales. There’s no obvious e-commerce presence, suggesting a reliance on direct contact and custom orders.

Financially, Bio-Nordic Ltd presents a mixed picture. While current assets have increased by 39% to £27,000, net assets have plummeted 100% to a mere £10, leaving the company with negative equity. Bank borrowings have decreased, but creditors have soared by 520%, reaching £27,000—a significant increase. Cash reserves have improved, rising 67% to £23,000, which is a positive sign. Trade debtors have decreased, suggesting improved cash collection. The company’s small size (meeting two of three conditions for a small company) helps it stay nimble, but the sharp decline in equity is concerning. No auditor is mentioned, consistent with its status as a small, exempt company.

The company’s reliance on imports and its negative equity suggest it may be burning through cash to maintain operations. The decrease in debtors is a good sign, but the large increase in creditors indicates a need to manage supplier relationships carefully. It's possible the company is experiencing temporary challenges, or perhaps it's investing heavily in new equipment or inventory—but the financial data raises questions about its long-term sustainability.

Registered in England/Wales under the registration number 07496647, with a registered address at LS9 0DG, England, Leeds, Micklethwaite House, 70 Cross Green Lane.

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