Coriel Limited

Coriel Ltd from Nottingham UK: a small, active company founded 16 years ago, employs four people, and holds £299,407 in assets. With three directors and two owners, the company operates from a real address and has been importing electrical machinery and equipment regularly for eight months, with the latest import occurring in June 2024. It also exports electrical machinery and equipment, but only irregularly, with just one month of export activity recorded as of September 2021.

The company’s website, while not providing specific e-commerce details, indicates a focus on information technology consultancy and specialised design activities. It’s unclear if they have a direct sales component, but the site suggests a B2B focus, offering expertise rather than direct product sales.

Financially, Coriel Ltd presents a mixed picture. While cash reserves increased by 22% to £37,000, current assets decreased by 11% to £300,000. Perhaps more concerning, retained earnings and accumulated losses plummeted 840% to -£210,000. Trade debtors also fell by 15%, which could be a positive sign of improved collections, but creditors increased significantly, rising 320% to £360,000 after one year. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp decline in equity suggests potential financial pressures. The accounts are unaudited, likely due to the company's small size, and no auditor is mentioned.

It seems Coriel Ltd is navigating a period of change, with a focus on its core services and perhaps facing challenges in managing its liabilities.

Registered in England/Wales under the registration number 06688100, with a registered address at NG10 3SX, England, Nottingham, Bramley House 2a Bramley Road, Long Eaton.

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