Nidex Limited

Nidex Ltd from Wolverhampton UK: a small, active company founded eight years ago, holds £105,166 in assets, and operates from a real address. It's managed by one director and one owner, and regularly imports electrical machinery and equipment – a consistent activity spanning 57 months, with the latest operation in January 2025. Exports, however, are sporadic, only occurring for two months, the last in April 1, 2023. The company's activities are centered around non-specialised wholesale trade and retail sales via mail order and the internet.

The company's website, while not explicitly detailed, suggests a focus on online sales. It's difficult to say for certain if it’s a full-blown e-commerce platform or primarily a catalogue for wholesale clients. However, the presence of a website indicates a degree of online engagement, likely used for marketing and potentially order placement.

Financially, Nidex Ltd presents a mixed picture. Current assets have increased by 29% to £110,000, and gross profit has seen a healthy 29% jump to £210,000. Operating profit also rose by 9.5% to £110,000. However, administrative expenses have increased by a significant 34% to £83,000, potentially reflecting increased marketing or operational costs. Cash bank on hand has seen a substantial increase of 170% to £16,000, which is a positive sign. Debtor levels have decreased slightly, suggesting better management of outstanding payments. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rise in administrative expenses warrants attention. The lack of an auditor mentioned (likely exempt as a small company) means these figures are unaudited.

It seems that the company is doing well in terms of sales and profitability, but it’s important to keep an eye on the rising administrative costs. The increase in cash reserves is encouraging, and the decrease in debtors suggests good financial discipline. The company’s future likely depends on maintaining this growth while controlling expenses and adapting to changing market conditions.

Registered in England/Wales under the registration number 10665682, with a registered address at WV11 2BQ, England, Wolverhampton, Staffordshire, Hilton Hall, Hilton Lane.

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