Nationwide Assistance Group Limited

Nationwide Assistance Group Limited, based in London, UK, is a large holding company with an active status. Founded thirteen years ago in 2011, the company employs fifty people and boasts assets of £9,776,165. Its yearly revenue stands at £31,904,703. The business operates from a real address and is overseen by three directors and one owner. A key aspect of its operations is regular exporting of vehicles, parts, and accessories, with five months of export activity recorded.

It's a large company as it met two conditions of three: turnover more than £36 million, balance sheet more than £18 million, employees more than 250. The company operates in the activities of other holding companies n.e.c., the activities of call centres, the other business support service activities n.e.c. industries. The company is a regular exporter, with its top export categories including Vehicles, parts, and accessories (not for trains or trams), totaling 5 of months exports. The last export operation took place on July 01, 2023.

The company's website, Nationwide Chemical Assistance Ltd, showcases a focus on vehicle rescue and recovery services. It highlights a network of over 10,000 vehicles and 550 members, emphasizing expertise in roadside assistance, accident recovery, and European rescue operations. The site also mentions a large work volume, backup control facilities, and a dedicated team of incident managers. The website’s repeated phone number, 01621 730 009, suggests a strong emphasis on direct customer contact. The site also mentions a "Heavy Duty Recovery" truck, indicating the company handles larger and more technically challenging vehicle recoveries.

Financially, Nationwide Assistance Group Limited shows some concerning trends. Accrued income has dropped significantly, falling from £1,900,000 to £700,000—a 62% decrease. Accumulated depreciation on motor vehicles has also risen considerably, increasing by 60%. While balances with banks have increased by 70%, the company’s loans owed by related parties have increased by a substantial amount. The company’s revenue has remained steady, but the decrease in accrued income and the increase in debt suggest it may be burning through cash. The company’s director remuneration has also increased. The company’s bank borrowings have decreased, but the increase in debt owed to related parties is a cause for concern. The company’s turnover has remained stable, but the decrease in net assets suggests a potential need for investment or restructuring. The company’s investment in intangible assets has remained steady.

Registered in England/Wales under the registration number 07658855, with a registered address at WC2N 4JS, United Kingdom, London, C/O Mackrell Solicitors, 60 St. Martin's Lane, Covent Garden.

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