Newgate Nurseries Ltd

Newgate Nurseries Ltd from Preston UK: a small, active company founded fifteen years ago, employs nine people, and holds £203,931 in assets. It operates from a virtual address, managed by two directors and two owners, and is a family business with a stellar 5.0 Google rating from 368 reviews. The company is a regular importer of live trees, plants, bulbs, roots, and flowers, with 48 months of import activity recorded.

The business focuses on the retail sale of flowers, plants, seeds, fertilizers, pet animals and pet food in specialised stores. It appears to operate primarily as a garden centre, with a real registered address at 17 Priory Lane, Penwortham, though the fact that twenty-four companies share this address suggests a virtual address. The company's website is currently unavailable, so it’s difficult to assess its e-commerce presence.

Financially, Newgate Nurseries Ltd shows a mixed picture. Cash bank on hand dropped by 63% to £31,000, while bank borrowings decreased by 69% to £22,000. Creditors increased significantly by 47% to £210,000, and trade debtors increased by a staggering 650% to £75,000. The company’s net assets declined by 93% to just £170, leaving a net current liabilities of -£11,000. The company meets two of three conditions to be considered small, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s accounts are unaudited, and no auditor is mentioned.

Despite the decline in net assets, the decrease in bank borrowings and the increase in trade debtors could indicate improved cash flow management. However, the rising creditors suggest a need to carefully manage supplier relationships. The company’s family ownership and strong Google rating point to a customer-focused approach, but the financial figures highlight the challenges of running a small business in a competitive market.

Registered in England/Wales under the registration number 07156213, with a registered address at PR1 0AR, England, Preston, 17 Priory Lane, Penwortham.

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