Naught One Ltd

Naught One Ltd from Harrogate UK is a large, holding company with an active status. Founded 20 years ago, it employs 84 people and holds assets worth £12,608,089. The company has a real address, is overseen by three directors, and is owned by one individual. It regularly imports and exports furniture, lighting, and prefabricated buildings, with 96 months of import activity and 705 months of export activity recorded.

The company operates in the manufacture of other furniture industries. Its website is currently unavailable, making it difficult to assess its e-commerce presence.

Financially, Naught One Ltd appears to be in a mixed state. Current assets have increased by 18%, reaching £13,000,000, while net assets have seen a significant boost, climbing 38% to £9,500,000. Bank borrowings have decreased by 10%, and cash reserves have increased by 4.4%, reaching £4,000,000. However, the company has experienced a 32% drop in profit, falling to £2,600,000. Staff costs have risen by 4.5%, reaching £3,700,000. Creditors have decreased slightly, and trade debtors have fallen by 28%, suggesting improved collection rates. The company meets the criteria for being a large company, having turnover more than £36 million, balance sheet more than £18 million, and more than 250 employees. The company’s accounts were audited by BHP LLP.

The increase in staff costs, coupled with the profit decrease, could indicate rising operational expenses. The reduction in trade debtors is a positive sign, suggesting better cash flow management. The company’s financial health appears stable, but it’s important to monitor these trends closely to ensure long-term sustainability.

Registered in England/Wales under the registration number 05285557, with a registered address at HG3 1UG, United Kingdom, Harrogate, North Yorkshire, Central House, Beckwith Knowle.

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