Nas Corporation Limited

Nas Corporation Limited, based in Waterlooville, UK, is a small, family-run holding company with an active status. Established twelve years ago in 2012, it employs just six people and holds £744,242 in assets. The company operates from a virtual address, registered at Wellesley House, 204 London Road, which is shared by many other businesses. It’s managed by four directors and owned by three individuals, with the ownership list changing one year ago.

The company’s website, Niche Aviation Solutions, suggests a focus on aviation-related services. It’s unclear exactly what these services entail, but the site indicates a range of support for the aviation industry. The company is a regular importer, primarily dealing in drinks, alcohol, and vinegar, with five months of import activity recorded. The last import operation was made on February 01, 02024.

Financially, Nas Corporation Limited shows some concerning trends. While cash reserves increased by 31% to £640,000, net assets decreased by 3.4% to £540,000. Current assets also fell by 3.6% to £740,000. Bank borrowings remained steady at £28,000. However, trade debtors increased significantly by 45%, suggesting potential payment delays. Creditors also rose by 55%, which could indicate increased reliance on short-term financing. The company meets the criteria to be considered a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

Overall, Nas Corporation Limited appears to be facing some financial pressures, despite a healthy cash position. The increase in debtors and creditors, alongside the decrease in net assets, suggests the company is burning through money. Whether this is a temporary setback or a longer-term challenge remains to be seen, but it’s something to keep an eye on.

Registered in England/Wales under the registration number 08135700, with a registered address at PO7 7AN, Waterlooville, Hampshire, Wellesley House, 204 London Road.

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