Nikad Electronics Limited

Nikad Electronics Ltd from Buckinghamshire UK: a small company with an active status, was founded 22 years ago. It employs just three people and holds assets valued at £120,431, operating from a real address in Wendover. The company is led by one director and owner. Nikad Electronics is a regular importer of electrical machinery and equipment, with six months of import activity recorded, the last operation made in November 2019.

The company’s core business involves the wholesale of computers, computer peripheral equipment, and software, operating in a competitive market. While a website isn’t available to analyze, it’s likely the company operates primarily through business-to-business sales rather than direct-to-consumer e-commerce.

Financially, Nikad Electronics Ltd presents a mixed picture. Current assets have significantly decreased by 67%, falling to £120,000, while net assets have plummeted by 110%, resulting in a positive balance of just £3,700. Bank borrowings have increased, rising to £10,000, and cash reserves have fallen dramatically by 91%, leaving just £27,000. On a brighter note, creditors have decreased by 72%, suggesting improved debt management. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the substantial drop in equity raises concerns. As a small company, it is exempt from an audit, and the figures are unaudited.

The decrease in assets and cash, combined with increased borrowings, suggests the company may be burning through money. It’s possible the company is facing increased competition or experiencing challenges in its import operations, which could be contributing to the financial strain. The fact that the last import operation was made in 2019 could also be a factor.

Registered in England/Wales under the registration number 04610017, with a registered address at HP22 6EA, Buckinghamshire, 30 High Street, Wendover.

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