Nii Hai Limited

Nii Hai Limited is a small, active company based in London, UK, founded six years ago in 2018. With a real address and a single director and owner, the company employs six people and holds £137,582 in assets. It operates in the retail sale of clothing, primarily importing clothing and accessories made by knitting or crocheting for the last three months. It also exports footwear and related items, though less regularly, with just two months of export activity recorded.

The company’s website, NiiHai Ltd, showcases a wide range of clothing items, from dresses and outerwear to swimwear and tops. It offers a "Shop NiiHai" section with various categories and a "Bestsellers" and "Sale" area, suggesting a focus on both current trends and discounted items. The site also features a "Compliance" section, indicating attention to legal and ethical standards, and a "Subscribe" option for email updates. It’s clear the company is running a modern e-commerce operation, with a focus on visual presentation and user-friendly navigation.

Financially, Nii Hai Limited presents a mixed picture. While current assets decreased by 10% to £140,000, trade debtors increased by 39% to £36,000, potentially indicating delayed customer payments. Equity, however, took a significant hit, plummeting 2900% to -£72,000—a concerning trend. Bank borrowings are not mentioned, but the substantial equity decline suggests the company may be relying on external financing. 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 remain agile, but the large equity loss is something to keep an eye on. As a small company, it is exempt from an audit, so the financial statements are unaudited.

Overall, Nii Hai Limited appears to be a small, online clothing retailer navigating the challenges of a competitive market. While the website and product range look promising, the financial data reveals a company facing financial strain. Whether it can turn things around and achieve sustainable growth remains to be seen.

Registered in England/Wales under the registration number 11689019, with a registered address at E8 2EB, England, London, 97 Shackewell Lane 97 Shacklewell Lane.

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