Nce London Ltd

NCE London Ltd, based in Caterham, UK, is a small, family-run business with an active status, celebrating 20 years since its founding. With 19 employees and £524,777 in assets, it operates from a virtual address—a point of interest as 89 companies are registered at the same location. Two directors and two owners manage the company, which enjoys a stellar 5.0 Google rating from eight reviews. NCE London regularly imports electrical machinery and equipment (12 months), and occasionally exports (1 month).

The company’s website, servicence.uk.com, highlights its role as a provider of 24/7 reactive service to the catering industry. It boasts over 40 years of combined industry experience, serving a wide range of clients from Blue Chip companies to hotel chains. Specializing in Frima and Rational cooking equipment, NCE London offers services like warranty partnerships and product sales—including Rational cleaners, detergents, and rinse aids. The website also features a blog and news section, showcasing the company’s expertise and recent developments. It's clear they are providing a service, not selling products directly.

Financially, NCE London Ltd presents a mixed picture. While cash reserves increased by 20% to £200,000, current assets decreased by 8.7% to £220,000. Bank borrowings dropped significantly by 49% to £19,000, which is a positive sign, but bank overdrafts increased by 40% to £15,000. Trade debtors have risen by 35% to £300,000, which could indicate challenges in collecting payments, or perhaps a deliberate strategy to offer more credit. Creditors have doubled to £300,000, and net assets have increased by 11% to £290,000. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There's no auditor mentioned, so the financial statements are unaudited.

Overall, NCE London Ltd appears to be a stable, if somewhat challenged, business. The increase in debt and rise in debtors suggest potential cash flow pressures, but the company’s strong Google rating and focus on specialized services indicate a loyal customer base. The company's success will likely depend on maintaining its reputation for reactive service and managing its financial obligations effectively.

Registered in England/Wales under the registration number 05384887, with a registered address at CR3 6QB, England, Caterham, 34 Croydon Road.

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