Needham Coding Limited

Needham Coding Limited is a small, active company based in Whitchurch, UK, founded ten years ago in 2014. With four employees and £495,281 in assets, it operates from a real address within the Civic Industrial Park. The company has two directors, but no owners are reported, which is common for smaller businesses. Needham Coding Limited regularly imports machinery, boilers, and mechanical appliances parts, with the latest import occurring in December 2024, and exports similar items, with the last export also in December 2024.

The company’s website reveals a focus on industrial printing and laser marking services for the Irish manufacturing sector. Needham Ireland offers a range of printers, including continuous inkjet, thermal inkjet, and fiber laser marking systems, catering to industries like aerospace, automotive, and medical. It also provides services like personalisation, box printing, and ribbon printing, along with technical support and materials. The website’s design and content suggest a B2B focus, targeting businesses seeking advanced printing and marking solutions.

Financially, Needham Coding Limited’s report shows some concerning trends. While current assets increased slightly to £500,000, net assets decreased significantly to -£1.1 million. Bank borrowings have vanished, which is good, but cash reserves jumped to £8,200, which is a positive sign. Creditors increased to £1.7 million, and trade debtors have doubled to £100,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the large equity decline suggests it's burning through money. There's no auditor mentioned, so the figures are unaudited.

The company’s increased debt and decreased equity could be due to investments in new equipment or expansion efforts. However, it’s also possible that it's facing challenges in managing its cash flow. The lack of employees, with only six reported, suggests a lean operation, but it could also indicate a reliance on contractors or temporary staff. It is also possible that the company has increased its imports and exports, which could have led to higher costs and increased debt.

Registered in England/Wales under the registration number 09200966, with a registered address at SY13 1TT, Whitchurch, Shropshire, Unit 2a/2b Civic Industrial Park, Waymills.

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