Necessity Supplies Limited

Necessity Supplies Ltd from Northolt UK is a large, active company founded 39 years ago in 1986. Employing 29 people, it holds assets worth £13,098,991 and operates from a real address. With two directors and one owner, the company regularly imports and exports pharmaceutical products – 166 months of import activity and 6 months of export activity, with the last export operation taking place in September 2024.

The company’s website describes Necessity Supplies Ltd as a wholesaler and distributor of pharmaceutical products, supplying pharmacies, hospitals, and care homes across the UK, Europe, and globally. It emphasizes introducing affordable medicines and filling shortages to ensure patient access. The site highlights a full range of products, including tablets, creams, and nutritional supplements, and features a team of valuable employees.

Financially, Necessity Supplies Ltd presents a mixed picture. While the company’s turnover is substantial, its net assets decreased by 12% to £6.8 million. Cash reserves, however, increased significantly by 120% to £2.1 million. Bank borrowings decreased by 27% to £470,000, and creditors fell by 8.6% to £7.2 million. A notable trend is the sharp increase in deferred tax assets, rising by 92% to £1.2 million. The company’s small increase in average number of employees (from 29 to 31) suggests a period of growth. The company's auditor is Hindocha & Co Limited.

These numbers suggest a company that is managing its debts effectively and building up cash reserves, but the decline in net assets warrants further investigation. The company's large asset base and ongoing import/export activities indicate a stable business, but the fluctuating financial instruments need to be monitored.

Registered in England/Wales under the registration number 02010112, with a registered address at UB5 5QS, Northolt, Middlesex, Unit 4-5 Northolt Trading Estate, Belvue Road.

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