New City Limits Limited

New City Limits Limited is a small, active company based in Ilford, Essex, UK. Founded eighteen years ago in 2006, it employs sixty-nine people and holds £1,951,662 in assets. It’s a family business with two directors and three owners, operating from a real address shared by five other companies. The company regularly imports furniture, lighting, and prefabricated buildings, with its last import operation recorded six months ago.

The company's website reveals a unique and diverse range of activities. It's not a typical e-commerce site; instead, it functions as a directory and event archive showcasing various community-based initiatives and cultural projects across Navi Mumbai, India. These include listings for leisure centres, art installations, artist talks, and walking tours—a far cry from the import business. The website also highlights collaborations with organizations like CIDCO and Pillai College, suggesting a focus on community engagement and cultural promotion. It seems they are also involved in documenting and archiving local events and artistic endeavors.

Financially, New City Limits Limited presents a mixed picture. While current assets increased by 6.9% to £2,000,000, net assets decreased by 8.5% to £1,300,000. Bank borrowings decreased by 8.7% to £5,000, and cash reserves grew by 36% to £390,000. However, creditors increased significantly by 16% to £1,800,000, and trade debtors decreased by 88% to £2,500. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it maintain flexibility, but the increase in creditors suggests a need to manage debt effectively. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, New City Limits Limited seems to be navigating a complex situation. While its import business provides a core revenue stream, its extensive community engagement activities and website suggest a broader mission—perhaps one that’s not fully reflected in its financial performance. It’s a unique case, blending international trade with local cultural promotion, and its long-term success will depend on balancing these diverse interests.

Registered in England/Wales under the registration number 06005709, with a registered address at IG2 6HY, Essex, 364-368 Cranbrook Road, Ilford.

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