Nifty Places Ltd

Nifty Places Ltd from Oldham UK: a small, active company founded seven years ago, employs one person, and holds £41,457 in assets. It operates from a virtual address and is managed by a single director and owner. The company is an irregular importer of electrical machinery and equipment, with just one month of imports recorded.

The company’s website, League of Trades, functions as a platform connecting homeowners with verified tradespeople. It’s essentially a review-driven marketplace, allowing users to search for builders, electricians, gas engineers, and more. The site emphasizes verified reviews linked to actual payments, a league table based solely on customer feedback, and a 12-month workmanship guarantee. Users can post enquiries, and the site offers advice and tips on home maintenance and improvement. It’s a clear example of an ecommerce platform, focused on facilitating transactions and building trust through transparency and community feedback.

Financially, Nifty Places Ltd’s report reveals some concerning trends. Accumulated amortisation impairment for intangible assets increased by 40%, while depreciation impairment for property, plant, and equipment decreased significantly. The company’s cash bank on hand increased by a massive 7800%, jumping to £39,000—a very positive sign. However, current assets also increased by 1000% to £41,000, while debts also increased, and the number of employees doubled. Creditors decreased by 23%, suggesting improved debt management, but the increase in bank borrowings and decrease in equity raise questions. As a small company, it’s exempt from a full audit, so the figures are unaudited.

Overall, Nifty Places Ltd seems to be navigating a period of change, with some positive signs in cash flow but also some financial pressures. The success of its online platform and the trust it’s built with both homeowners and tradespeople will be crucial in determining its long-term stability.

Registered in England/Wales under the registration number 10865502, with a registered address at OL2 6HT, England, Oldham, 18-19 Salmon Fields Business Village.

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