Nicera European Works Limited

Nicera European Works Ltd from Romsey UK is a large, active company founded 35 years ago. Despite having only two employees, it holds £720,516 in assets and generates £2,072,014 in yearly revenue. The company operates from a virtual address, registered with seventeen other companies, and is overseen by two directors and one owner. It regularly imports and exports optical and medical tools and devices, with 27 months of import activity and 5 months of export activity recorded.

The company’s website is minimal, offering little insight into its operations beyond its registration details. It appears to be a holding company, likely facilitating trade in optical and medical equipment. It's unclear if Nicera European Works Ltd has a public-facing retail presence or primarily operates behind the scenes.

Financially, Nicera European Works Ltd presents a mixed picture. Current assets remain steady at £720,000, but bank borrowings increased by 12%, reaching £110,000. Net assets decreased by 15%, falling to £590,000, and cash reserves decreased by 10% to £550,000. Creditors decreased by 17%, suggesting improved debt management. The company’s size (meeting two of three criteria for a large company) and its consistent revenue stream indicate a stable, albeit not rapidly expanding, business. The lack of an auditor mentioned suggests it’s exempt from mandatory auditing.

While the company’s financial health appears reasonable, the decrease in net assets warrants attention. It’s possible this reflects investments in inventory or equipment to support its import/export activities, or perhaps a shift in business strategy. The company’s reliance on a virtual address raises questions about its physical presence and operational transparency, but its long-standing history and consistent trade activity suggest a well-established, if somewhat opaque, operation.

Registered in England/Wales under the registration number 02477296, with a registered address at SO51 0HE, Romsey, Hampshire, 8 Tollgate, Stanbridge Earls.

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