Nesstar Limited

Nesstar Ltd from Nottingham UK is a small, active company founded five years ago. With six employees and £524,471 in assets, it operates from a virtual address, a detail flagged by the registration of ninety-three companies at the same location. The company has four directors and two owners, and currently holds a 3.0 Google rating based on four reviews. It’s a small business, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Nesstar Ltd specializes in the retail sale of kitchen sinks, taps, and boiling water taps, operating through an e-commerce website. The site showcases a wide selection of products, including composite, granite, stainless steel, and ceramic sinks, as well as various tap styles and waste disposal units. The website highlights brands like Franke, Liquida, Wastemaid, and Reginox, emphasizing quality and affordability. It even offers a buying guide to help customers make informed decisions. The site also features photography and CGI images of kitchen and sink areas, suggesting a focus on design inspiration.

Financially, Nesstar Ltd shows some concerning trends. While cash reserves increased by 49% to £160,000, current assets dropped by 160% to £520,000. Trade debtors ballooned by 1000% to £76,000, which could indicate difficulties in collecting payments. Creditors also increased significantly, rising by 200% to £550,000. The company’s net assets have plummeted 99% to just £400. Despite these challenges, the company’s bank borrowings have remained stable. The lack of an auditor is typical for a small company, and the accounts are unaudited.

The sharp decline in equity, coupled with the increase in creditors, suggests Nesstar Ltd may be burning through cash. However, the increase in cash reserves and stable bank borrowings indicate that it still has some financial breathing room. It’s possible that the company is investing in inventory or marketing to drive sales, but the long-term sustainability of this strategy remains to be seen.

Registered in England/Wales under the registration number 12302719, with a registered address at NG16 3PA, England, Nottingham, Nottinghamshire, 1 Derby Road, Eastwood.

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