Naea Limited

Naea Limited is a small, active company based in Wirral, UK, founded fifteen years ago in 2009. With just one employee and £17,412 in assets, it’s a solo founder operation managed by two directors and one owner. The company operates from a virtual address, registered at Brimstage Hall, a fact highlighted by the presence of 112 other companies at the same location. It’s an irregular importer, bringing in stone, plaster, cement, and similar materials for a few months at a time, with the last import occurring in August 2023. Naea Limited operates in the retail sale via mail order houses or via internet industries.

The company’s website, n-i.direct, is a comprehensive government information portal for Northern Ireland. It's not a typical e-commerce site but rather a resource hub offering advice and services across a wide range of topics, from asylum seekers and refugees to motoring, health, and education. The site is available in numerous languages and features a search function, FAQs, and links to supporting information. It’s a very large website with a lot of content.

Financially, Naea Limited presents a mixed picture. While it meets the criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its net assets are negative at -£69,000, a significant decline from -£56,000 the previous year. Cash reserves are low at £13,000, and bank borrowings have increased to £140,000. Creditors have also risen to £140,000. The company's accounts are unaudited, and the lack of substantial assets raises questions about its long-term viability. It’s possible the company is burning through cash to maintain its large-scale informational website, or that it’s reliant on government funding or grants.

Despite the financial challenges, Naea Limited's website provides a valuable service to the Northern Ireland community. The company's ability to continue operating, despite its negative equity, suggests a unique business model or external support.

Registered in England/Wales under the registration number 07022045, with a registered address at CH63 6JA, Brimstage Road, Wirral, C/O O'Meara Fitzmaurice & Co, Brimstage Hall.

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