Nasco Digtec Ltd

Nasco Digtec Ltd, based in Southend-On-Sea, UK, is a small, active company established 25 years ago. Employing just three people, it holds £214,486 in assets and operates from a virtual address – a detail flagged by the fact that 42 other companies are registered at the same location. Smith Neil Andrew is both the director and owner, acting as the solo founder of this enterprise, which enjoys a perfect 5.0 Google rating based on a single review. The company is an irregular importer, primarily dealing with optical and medical tools and devices, with the last import occurring one month ago in June 2023.

The company's website highlights its specialization in providing productivity and safety solutions for heavy plant equipment. It acts as an exclusive UK reseller for brands like Makin, iDig, Engcon, Prolec, Xwatch, and GKD, particularly focusing on Makin 3D products. The site details a range of services, including product demonstrations, installation, finance options, and full training and support. It even offers mobile demonstrations, bringing equipment directly to clients, and provides online demonstrations as well. The company’s website gives the impression of a specialist, offering a wide range of products and services to the construction industry.

Financially, Nasco Digtec Ltd presents a mixed picture. Current assets have decreased by 9%, dropping to £210,000, while net assets have plummeted by a significant 39%, reaching just £93,000. Bank borrowings have also fallen by 36%, and cash reserves have declined by 14%, landing at £67,000. Creditors, however, have increased by 34%, suggesting a greater reliance on short-term financing. The company's small size (meeting two of three criteria for a small company) allows for flexibility, but the sharp decline in equity raises concerns. The company’s financial statements are unaudited, a common practice for small entities. It seems like they are doing okay, but the equity drop is something to keep an eye on.

Registered in England/Wales under the registration number 03850300, with a registered address at SS1 1BD, Southend-On-Sea, Essex, Clarence Street Chambers, 32 Clarence Street.

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