Nichiei Trading Limited

Nichiei Trading Ltd, based in Edgware, UK, is a small, active company founded 14 years ago in 2010. With four employees and £1,930,997 in assets, it operates from a virtual address – a detail flagged by the registration of 239 companies at the same location. The company is led by four directors and owned by Shimizu Eiji. It’s a regular importer and exporter, specializing in leather goods, travel bags, and animal harnesses, with 336 months of import activity and 64 months of export activity recorded.

The company's website, tradenichiei.co.uk, presents a global network focused on fashion, beauty, interior design, and food. It lists a London address and contact number, suggesting a potential expansion beyond its Edgware base. The site emphasizes sourcing and supply chain expertise, targeting businesses seeking reliable partners in international trade. It’s a little confusing, though, with the site mentioning “50” categories.

Financially, Nichiei Trading Ltd shows some concerning trends. While current assets increased by 18% to £1,900,000, net assets remained relatively flat at £740,000. Bank borrowings decreased by 37%, suggesting better cash flow management. However, trade debtors rose by 21% to £1,000,000, and other inventories surged by a staggering 680% to £54,000—a significant jump that could indicate increased purchasing or potential stock issues. Creditors also increased by 32% to £1,200,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the inventory increase warrants further investigation. The accounts are unaudited, as is typical for a small company.

Registered in England/Wales under the registration number 07363458, 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.