N.f.s. Associates Ltd

N.f.s. Associates Ltd, based in Bury, UK, is a small, active company founded ten years ago in 2014. With zero employees and £735,989 in assets, it operates from a virtual address shared by sixty-five other companies—a bit unusual. The business is a family affair, managed by one director and two owners, and regularly imports and exports jewelry, precious stones, and metals, with nineteen months of import activity and four months of export activity recorded. The company’s website, NFS Associates, showcases clearance diamond and gemstone jewelry and offers a product gallery and contact information.

The company operates in the wholesale of watches and jewellery industries, with a website that highlights a clearance section and a focus on diamonds and gemstones. The site’s design is simple, with a clear call to action to contact the company. It's clear they are trying to sell online.

Financially, N.f.s. Associates Ltd shows a mixed picture. Cash bank on hand decreased by 30% to £51,000, while creditors increased by 12% to £400,000 within a year. Current assets, however, rose by 20% to £740,000, and retained earnings accumulated losses increased by 41%. Despite this, the company’s net assets liabilities increased by 41% to £340,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it's exempt from an audit, relying on unaudited statements. Fixed assets decreased by 32%, and investments fixed assets are now zero. It's a bit concerning that the company's bank balance is so low relative to its debts.

Overall, N.f.s. Associates Ltd seems to be holding its own, but the declining cash reserves and rising creditors suggest it needs to watch its spending carefully. The family ownership and focus on jewelry imports and exports, however, provide a solid foundation for future growth.

Registered in England/Wales under the registration number 09110904, with a registered address at BL9 5BN, United Kingdom, Bury, Uk, C/O Atr Accountancy & Bookkeeping Ltd Imperial House, 79-81 Hornby Street.

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