Nero Retail Ltd

Nero Retail Ltd from Wakefield UK: small company, holding company, active status, founded 1 year ago, £2,299 assets, real address, 2 directors, 2 owners, 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. The last reported current assets is £2,299. The company operates in the retail sale via mail order houses or via internet industries. Officially, it has two owners or PSCs, two directors and no number of employees published.

The website, World Coffee Portal, is primarily an industry resource for the coffee sector. It doesn’t appear to be an e-commerce site itself, but rather a platform for market data, reports, and networking events. The site is packed with information, including industry reports, magazine articles, a podcast, and news about the coffee market. There's a strong focus on data and analysis, with sections dedicated to upcoming events, membership benefits, and sponsor opportunities. A key element is the "5thWave" initiative, which aims to explore the future of the coffee industry. The site also features a gallery, a team page, and contact information. It seems like a valuable resource for coffee businesses, offering insights into market trends and opportunities for connection.

Financially, Nero Retail Ltd presents a concerning picture. While the company is small and exempt from a full audit, the numbers are not encouraging. Current assets are a mere £2,299, a significant drop from the previous year, and net assets are a negative £8,800. Bank borrowings have increased, and cash reserves are almost depleted. While creditors have also increased, the overall trend suggests the company is burning through cash. The lack of employees (zero reported) indicates a lean operation, but it also raises questions about the company’s ability to sustain itself. The directors' responsibilities under the Companies Act are acknowledged, but the unaudited figures leave room for concern. It’s a bit of a worry, really, and they need to be careful.

Registered in England/Wales under the registration number 14929936, with a registered address at WF4 1AB, England, Wakefield, West Yorkshire, 7 Office 7, Yorkshire House, Nostell Estate, Yard, Nostell.

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