Kugel Rotary Services Ltd

Kugel Rotary Services Ltd, based in Nottingham, UK, is a small, active company founded eight years ago. With just two employees and £133,044 in assets, it’s a compact operation led by four directors and a solo founder, Vere Stuart Andrew. The company imports machinery, boilers, and mechanical appliances, parts, though import activity is irregular, with the latest shipment arriving just one month ago.

The company's website indicates a shift in focus. While currently under construction, it directs visitors to www.kugelmotion.co.uk, highlighting services like refurbishment, repair, engineering, and product design. This suggests a move beyond simple importing towards more value-added services.

Financially, Kugel Rotary Services Ltd appears to be experiencing growth, but with some concerning trends. Cash reserves have tripled to £65,000, a positive sign, and current assets have increased by 82% to £130,000. However, bank borrowings have also risen, with overdrafts up 5.1% to £4,400. Creditors have increased significantly, jumping 66% to £68,000, which could indicate increased purchasing to support the expanded services. The company’s net assets have grown substantially, rising 140% to £87,000, and the increase in employees (from two to three) suggests expanding operations. The company meets two of three conditions to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, consistent with its status as a small, exempt company.

Overall, Kugel Rotary Services Ltd seems to be transitioning from a straightforward importer to a service-oriented engineering business. While growth is evident, the increase in debt warrants monitoring to ensure the company maintains a healthy financial footing.

Registered in England/Wales under the registration number 10509859, with a registered address at NG9 8AA, England, Nottingham, 22-26 Cliff Hill House Nottingham Road, Stapleford.

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