Nikwax Limited

Nikwax Ltd, a holding company based in East Sussex, UK, is a well-established player in the outdoor gear care market. Founded 29 years ago in 1995, the company employs 106 people and boasts assets of £6,591,304, generating yearly revenue of £11,254,286. With three directors and two owners, Nikwax maintains a real address and a 4.0 Google rating based on four reviews. The company regularly imports plastics and plastic products (77 months) and exports soaps, cleaning products, and waxes (201 months).

Nikwax operates as a holding company, overseeing a business focused on waterproofing and cleaning products for outdoor gear. While a website isn’t readily available to analyze, the company’s core business revolves around providing solutions for maintaining and extending the life of outdoor clothing and equipment. This suggests a direct-to-consumer or wholesale model, likely with a strong online presence.

Financially, Nikwax presents a mixed picture. Depreciation on furniture fittings decreased by 11%, which could indicate asset disposal or slower investment. However, bank borrowings increased significantly by 120%, which may be due to investments in growth or operational expenses. Director remuneration decreased by 41%, which could be a cost-cutting measure or a change in management structure. Despite this, the company’s revenue declined by 2.7%, suggesting a possible slowdown in sales, although it remains a sizable £11,254,286. The company’s assets are substantial, and the increase in bank borrowings could be a strategic move to fuel further expansion. The lack of an auditor mentioned suggests the company is exempt due to its size, so the financial data relies on unaudited statements. Overall, Nikwax appears to be a stable, established company, but the increase in borrowing and slight revenue decline warrant close monitoring.

Registered in England/Wales under the registration number 03101664, with a registered address at TN5 6DF, East Sussex, Unit F Durgates Industrial Est., Wadhurst.

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