Nichiei Limited

Nichiei Ltd from Edgware, UK, is a small, active company founded 14 years ago. With 21 employees and £3,709,854 in assets, it operates from a virtual address, a detail worth noting as 239 other companies are also registered there. The business is led by four directors and one owner, with the director list recently updated – a positive sign.

Nichiei Ltd specializes in retail sales through mail order and internet channels, offering a diverse range of products from brands like Inverallan, Longchamp, and OOFOS. Its website, Nichiei Trading Ltd, showcases a curated selection of fashion goods and accessories, including high-end brands like Johnstons of Elgin, Chanel, and Glenroyal. The site also features contact information, a newsletter subscription option, and a physical address in Old Street, London.

Financially, Nichiei Ltd presents a mixed picture. While current assets increased by 11% to £3,700,000, cash bank on hand plummeted 83% to £55,000 – a significant drop. Trade debtors decreased by 12%, suggesting improved collection efforts, but other inventories jumped 33% to £1,900,000. Bank borrowings rose by 2,400% to £29,000, and net losses deepened from -£10,000 to -£23,000. The company’s small size—meeting two of three conditions for being classified as small—helps it remain flexible, but the decline in cash reserves and increase in bank borrowings are concerning. The company is exempt from an audit, so the financial statements are unaudited.

Registered in England/Wales under the registration number 07410019, with a registered address at HA8 7AB, England, Edgware, 42-46 Station Road.

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