Narang Wholesalers Limited

Narang Wholesalers Ltd from West Yorkshire UK: a large company, holding company, active status, founded 29 years ago, 65 employees, £10,503,774 assets, real address, 4 directors, 2 owners, google rating 4.0 based on 70 reviews. Regular importer of man-made filaments and related materials (91 months imported). Irregular exporter of plastics and plastic products (1 months exported). It’s a significant player in the region, operating as a holding company with a long history.

The company’s core business revolves around wholesale trade, with a particular focus on textiles, electrical goods, plumbing supplies, and alcoholic beverages. They also operate Royce Morgan Limited, demonstrating a diversified portfolio. The company's website is not available, so it’s difficult to determine if they operate an e-commerce platform or rely solely on wholesale channels.

Financially, Narang Wholesalers Ltd shows a mixed picture. While current assets remained relatively stable at £11 million, net assets increased by 4%, reaching £6.5 million. However, bank borrowings decreased by 21%, falling to £2 million, and cash reserves dropped by 40% to £340,000. A significant increase in accrued liabilities deferred income—820%—to £300,000, could indicate increased short-term obligations. Despite this, the company’s creditors decreased by 18%, suggesting improved debt management. The company meets the criteria to be considered large, having met two of the three conditions: turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The company's auditor is Hentons, and the financial statements are audited.

The trends suggest a company navigating a competitive market. The decrease in cash reserves, while concerning, could be a result of strategic investments or increased operational expenses. The increase in accrued liabilities may be a short-term issue, and the decrease in creditors points to a positive sign of financial health. Overall, Narang Wholesalers Ltd appears to be a stable, well-established company, though it's important to monitor its cash flow and short-term obligations.

Registered in England/Wales under the registration number 03083607, with a registered address at BD8 8JR, West Yorkshire, Narang House 121 City Road, Bradford.

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