Nack Limited

Nack Limited is a small, active company based in Stockport, UK, founded seven years ago in 2017. With two employees and £343,984 in assets, it operates from a virtual address shared by forty-two other companies, raising some questions. The business is run by a solo founder, Gabbie Marcus, who also serves as director and owner. Nack Limited regularly imports furniture, lighting, and prefabricated buildings—six months of import activity were recorded, with the last operation occurring in June 2024.

The company’s website, Nack Living, showcases a focus on bespoke, UK-produced furniture and mattresses. It emphasizes sustainable sourcing, offering both standard and tailored designs for commercial projects. The website highlights a commitment to quality and customer service, even offering to speak about your project. It's a small operation, meeting two of three conditions to be considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees).

Financially, Nack Limited presents a mixed picture. Cash bank on hand remained stable at £240,000, but current assets decreased by 9%, to £340,000. Trade debtors increased significantly by 86%, to £110,000, which could indicate delayed customer payments. Bank borrowings decreased by 91%, to £21,000, suggesting improved debt management. However, net assets declined by 2.8%, to -£320,000. The company’s average number of employees decreased by 50%, to just one person. With no auditor mentioned, the financial statements are unaudited.

Overall, Nack Limited appears to be navigating a period of change. While it maintains a stable asset base and has reduced its borrowing, the decrease in employees and negative equity raise concerns. The company's focus on bespoke furniture and commitment to UK production could be a strength, but its financial health will need close monitoring.

Registered in England/Wales under the registration number 10884592, with a registered address at SK7 4RF, England, Stockport, 320 London Road, Hazel Grove.

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