N L Contracts Limited

N L Contracts Limited, based in Walsall, UK, is a small, active company established 28 years ago. With seven employees and £514,434 in assets, it's a modest operation managed by three directors and a single owner, Levy Lee Martin. The company, which has a real registered address, specializes in the manufacture of other fabricated metal products and operates as an irregular importer, primarily dealing with aluminum and aluminum products—though just one month of import activity was recorded as of March 1, 2022.

The company’s website showcases a comprehensive list of UK-based air conditioning companies, offering services from installation to repair. It’s a directory-style site, featuring reviews and allowing users to request quotes. The site also promotes a range of associated businesses, including piano restoration services, which operate independently. While N L Contracts Limited’s core business is air conditioning, the directory-style website suggests a broader interest in connecting businesses and consumers within the HVAC and related industries.

Financially, N L Contracts Limited presents a mixed picture. Cash reserves increased by a substantial 40% to £330,000, a positive sign of improved liquidity. However, finished goods and goods for resale increased significantly, by 160% to £49,000, which could indicate inventory buildup or delayed sales. Trade debtors decreased by a considerable 38%, to £120,000, suggesting better collection practices, but creditors also rose by 43%, to £62,000. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the increase in liabilities warrants closer attention. The unaudited figures, as the company is exempt from an audit, rely on director-reported data.

The company’s net assets increased by 4.6% to £410,000, a slight improvement. The decrease in average number of employees by 14% to six, could be a result of restructuring or reduced workload. Overall, N L Contracts Limited appears to be navigating a period of change, balancing improved cash flow with increased liabilities and a slight reduction in workforce.

Registered in England/Wales under the registration number 03301848, with a registered address at WS9 8DU, England, Walsall, Units 5-7 Beacon Trading Estate Middlemore Lane, Aldridge.

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