New Model Uk Ltd

New Model Uk Ltd is a small, active company based in Wolverhampton, UK, founded eighteen years ago in 2006. With seven employees and £308,263 in assets, it operates from a virtual address – a detail flagged by the presence of twenty-two other companies registered at the same location. The company is led by one director and one owner, with Kalair Balbir holding both roles. It runs an e-commerce site and regularly imports clothing and accessories made by knitting or crocheting, with twenty-seven months of import activity recorded, the latest in October 01, 2024. The company’s business involves the manufacture of workwear, the manufacture of other men's outerwear, the manufacture of other women's outerwear, and retail sale via mail order houses or via internet.

The company’s website is currently inaccessible, displaying a "403 Forbidden" error message, indicating security measures are in place to prevent unauthorized access. This could be due to increased traffic or a security breach, but without further information, it’s difficult to determine the cause.

Financially, New Model Uk Ltd presents a mixed picture. Cash bank on hand has increased significantly by 210%, reaching £44,000, which is a positive sign. However, trade creditors have risen by 37%, reaching £80,000, suggesting increased reliance on credit from suppliers. Net assets have increased by 23%, reaching £58,000, and bank borrowings have decreased by 29%, reaching £12,000. The company’s small size—meeting two of three conditions for a small company—helps it maintain agility, but the rise in creditors warrants closer attention. The unaudited financial statements, prepared by BK Plus Limited, don't mention an external auditor. Overall, New Model Uk Ltd appears to be managing its finances, but the increased reliance on credit could pose a risk if sales don't keep pace.

Registered in England/Wales under the registration number 05990997, with a registered address at WV1 4DJ, Wolverhampton, 29 Waterloo Road.

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