N C E Solutions Limited

N C E Solutions Limited, based in Gravesend, UK, is a small, active company founded twelve years ago in 12th February 2013. Employing just four people and holding £254,049 in assets, it operates from a virtual address shared by nineteen other companies, a fact that raises some questions. The company is led by a single director and owner, Cresswell Nigel. It’s an irregular importer, specializing in optical and medical tools and devices, with its last import activity recorded one month ago in December 1st, 2023. The company's core business involves the repair of other equipment.

The company’s website is non-existent, so it’s difficult to determine if it operates an e-commerce platform or relies solely on business-to-business transactions.

Financially, N C E Solutions Limited presents a mixed picture. While current assets have decreased by 19% to £250,000, net assets have also fallen by 14% to £160,000. Bank borrowings have been reduced by 42%, a positive sign, but cash reserves have taken a significant hit, plummeting 61% to £22,000. Trade debtors have also seen a substantial decrease, falling 45% to £73,000, suggesting improved collection practices. It's a small company, meeting two of three conditions for classification (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). The company's unaudited accounts, prepared using Taxfiler software, are exempt from audit due to its small size. The director, Cresswell Nigel, acknowledges his responsibilities for accounting records.

Despite the decrease in cash reserves, the reduction in bank borrowings is encouraging. The company’s reliance on a virtual address and the lack of a website could indicate a lean operation or a focus on business-to-business sales. It’s unclear if the company is burning through money or simply navigating a period of adjustment—but its small size and focused repair services may provide a foundation for future stability.

Registered in England/Wales under the registration number 08398897, with a registered address at DA12 5HA, Gravesend, Kent, 123 Cross Lane East.

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