Ney Limited

Ney Ltd from Coventry UK: a large company with an active status, was founded 49 years ago. It employs 79 people and holds assets worth £13,281,507, generating a yearly revenue of £12,380,430. The company has a real address, two directors, one owner (a solo founder), and operates an e-commerce site, boasting a Google rating of 4.0 based on 26 reviews. They regularly import plastics and plastic products (269 months) and export machinery, boilers, and mechanical appliances (3 months).

Ney Ltd is a sizable player in the woodworking machinery and components market. Their website showcases a wide range of products, from edgebanding machines to hand tools and even kitchen storage solutions. The site offers free delivery on online orders over £50 (excluding panels, doors, and subject to terms and conditions) and encourages visitors to subscribe to their newsletter. The site is well-organized, with clear categories and detailed product descriptions. It’s clear they're targeting both trade customers and hobbyists.

Financially, Ney Ltd presents a mixed picture. While turnover remained relatively stable, at £12,380,430, net assets decreased by 10% to £11,741,000. Bank borrowings increased by 11%, reaching £200,000, and cash reserves declined by 23% to £600,000. Creditors also increased by 7%, reaching £3,000,000. The company’s large size (meeting two of three conditions for a large company) suggests established operations, but the decrease in net assets warrants further investigation. The company’s auditor, Harrison Beale & Owen Limited, has provided an unaudited report.

The trends suggest a period of adjustment. While the company maintains a strong online presence and a broad product range, the financial figures indicate potential challenges. Whether these are temporary fluctuations or a sign of deeper issues remains to be seen, but the company's long history and established market position offer a degree of resilience.

Registered in England/Wales under the registration number 01255499, with a registered address at CV3 4FD, Coventry, West Midlands, Ney Sibree Road, Stonebridge Trading Estate.

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