Needi Ltd

Needi Ltd from Manchester UK: a small, active company founded four years ago, employs four people, and holds £200,857 in assets. Operating from a virtual address, it’s run by two directors and two owners, and boasts a 4.0 Google rating based on six reviews, alongside an e-commerce site. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Needi Ltd specializes in thoughtful gifting, operating an online platform that connects customers with curated gifts and personalized messages. The website, needi.co.uk, offers a wide range of products, from birthday presents to experience days, and even includes a "Gift Finder" service that matches shoppers with suitable options based on their preferences. The site also promotes a "Make a Wish" initiative, donating a portion of sales to grant wishes for children. The site’s navigation is easy and well-designed, with clear categories and a user-friendly search function. The site also has a blog with content about gifting ideas and occasions.

Financially, Needi Ltd presents a mixed picture. While cash bank on hand has doubled to £170,000, net assets have dramatically increased to £150,000. Trade debtors have exploded, rising by 2200%, reaching £28,000—perhaps reflecting a shift towards offering credit to customers. Creditors have also increased by 53%, to £49,000, and bank borrowings have risen by 75%, to £26,000. The number of employees has increased from four to seven, which could be a sign of growth, but it also means higher payroll costs. The company’s retained earnings and accumulated losses have increased by 120%, to -£390,000, which is a significant change. The company’s unaudited accounts, prepared by Acorah Software Products, show that it is still in the early stages of development.

Overall, Needi Ltd seems to be experiencing a period of rapid growth, but it’s also facing some financial challenges. The increase in debtors and creditors suggests that the company is struggling to manage its cash flow. The increase in employees also means that the company is facing higher payroll costs. However, the increase in cash bank on hand and net assets suggests that the company is still in a relatively strong position. The company’s virtual address and lack of an auditor are typical for small businesses, and it’s likely that the company will continue to grow in the coming years.

Registered in England/Wales under the registration number 12839668, with a registered address at M1 3BR, England, Manchester, Colony, 5 Piccadilly Place.

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