Niglon Limited

Niglon Limited, based in Solihull, UK, is a holding company with an active status, marking its 58th year in operation. Employing 44 people and boasting assets of £15,419,402, the company has a real address and is overseen by three directors and two owners. Its Google rating stands at a respectable 4.0 based on 21 reviews. Niglon is a regular importer and exporter of electrical machinery and equipment, with 1345 months of import activity and 97 months of export activity recorded.

The company operates in the wholesale of electronic and telecommunications equipment and parts, as well as hardware, plumbing, and heating equipment and supplies. It also owns subsidiaries Simplex Conduit Systems Limited and George Hughes (cobo) Limited. Niglon's website doesn't provide much detail about e-commerce activity; it appears to be primarily a wholesale operation.

Financially, Niglon’s current assets have decreased by 1.9% to £15,000,000, while net assets have increased by 8.2% to £18,000,000. Bank borrowings have increased by 1.3% to £790,000, and cash reserves remain steady at £4,300,000. Creditors have decreased by 18%, suggesting improved debt management. The company’s net loss decreased by 0.0% to £740,000. The lack of auditor information suggests it’s exempt from external audit requirements.

The increase in net assets could be attributed to a rise in the value of investment property, which increased by 12% to £1,200,000. However, the sharp decline in trade debtors, which increased by 890%, raises concerns about customer payments. While the company’s overall financial picture appears stable, the fluctuations in key metrics warrant closer monitoring.

Registered in England/Wales under the registration number 00891753, with a registered address at B90 4NE, United Kingdom, Solihull, Unit 1, Highlands Park Stirling Road, Shirley.

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