Nemunas Ltd

Nemunas Ltd, based in Canning Town, UK, is a small, active company founded thirteen years ago in 2011. With six employees and £85,182 in assets, it’s a modest operation led by a single director and owner, Usvaltas Raimundas, who also serves as the company’s sole director. The business has a real registered address and enjoys a stellar 5.0 Google rating from 104 reviews. It regularly imports cereal and milk-based food products, with three months of import activity recorded, the latest in April 2024.

The company operates within the broader food services industries, and its website, while not actively used for e-commerce, provides limited information. It’s unclear if the business has a physical storefront or operates solely as an importer and distributor.

Financially, Nemunas Ltd’s recent performance reveals a mixed picture. Accumulated depreciation for property, plant, and equipment increased by 29%, reflecting investments in office equipment, plant machinery, and vehicles. However, cash bank on hand plummeted 64% to just £5,300, suggesting potential liquidity challenges. Creditors increased by 17%, while trade debtors jumped 65%, which could indicate issues with collecting payments. Equity also decreased by nearly 5%, a slight decline in the company’s overall financial health. Despite these challenges, the company’s net assets liabilities remained steady at £24,000. 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 decrease in cash reserves warrants attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Nemunas Ltd appears to be navigating a period of transition. While its import business remains active and well-regarded, the company’s financial performance suggests a need for careful management of cash flow and debt.

Registered in England/Wales under the registration number 07763496, with a registered address at E16 1QB, Canning Town, London, 50 Fife Road.

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