Naqel Express Ltd

Naqel Express Ltd from London UK: a small holding company with an active status, was founded seven years ago in 2018. Employing just six people, it holds £435,545 in assets and operates from a real address in Eastcheap, London. Led by one director and with two owners, it maintains a respectable Google rating of 4.0 based on one review. The company regularly exports clothing and accessories made by knitting or crocheting, with 192 months of export activity recorded.

The company’s operations are centered around retail sale via mail order houses or via internet, and other transportation support activities. While a small business, Naqel Express Ltd operates as a holding company, suggesting potential involvement in other ventures beyond its core export activities. The address, shared with five other companies, is likely a real business location.

Financially, Naqel Express Ltd presents a mixed picture. Current assets have increased significantly, jumping 360% to £440,000, while cash reserves have also increased by 55% to £29,000. However, net losses have deepened, with equity dropping 31% to -£1.6 million. Bank borrowings have also increased substantially, rising by 50% to £1.9 million. Trade debtors have ballooned by 430%, suggesting potential issues with customer payments or expanded credit terms. Despite this, creditors have decreased by 54%, indicating improved debt management. The company’s small size, meeting two of three conditions for being classified as such, helps it remain agile. No auditor is mentioned, which is typical for a small company.

The significant increase in debtors, coupled with the ongoing losses, suggests that Naqel Express Ltd may be burning through cash to fuel growth, or facing challenges in collecting payments. It's possible that the company is investing heavily in its export operations, or expanding into new markets, which could explain the increased debt and losses. The lack of employee numbers reported, down to just four, could also indicate a lean operational structure, but it could also signal potential staffing issues.

Registered in England/Wales under the registration number 11270566, with a registered address at EC3M 1DT, United Kingdom, London, 51 Eastcheap.

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