Nitelites Group Limited

Nitelites Group Limited is a small, active company based in Newcastle Upon Tyne, UK, established five years ago in 2020. With a single employee and £56,147 in assets, it operates from a virtual address shared by twenty-two other companies, a fact that raises some questions. The company is led by a single director and owner, Moore Jamie, who also functions as the solo founder. It’s classified as an irregular importer, primarily dealing with electrical machinery and equipment, with just one month of import activity recorded as of May 2023.

The company's website describes Nitelites Group as operating in the "other professional, scientific and technical activities n.e.c." industries. It also reveals a network of associated companies: Nitelites Lighting Limited, Nitelites Transport Limited, and Nitelites Audio Limited, suggesting a diversified portfolio of services. The site doesn’s offer much detail on what these services entail, but it does imply a focus on technical expertise and possibly audio-visual solutions.

Financially, Nitelites Group Limited presents a mixed picture. While cash reserves dropped by a significant 72% to just £7,600, trade debtors increased by 1%, suggesting customers are paying on time. However, net current assets and liabilities took a sharp turn, plummeting 160% to -£11,000, a concerning trend. Creditors also increased by 20%, reaching £67,000, and accrued liabilities deferred income jumped to £47,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity and net assets is a cause for concern. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

Overall, Nitelites Group Limited seems to be navigating a challenging financial landscape. While it maintains a small, agile structure, the recent trends suggest it's burning through money faster than it’s bringing it in. The company’s diversified portfolio and associated businesses could offer opportunities for growth, but it needs to address its current financial pressures to ensure long-term sustainability.

Registered in England/Wales under the registration number 12417487, with a registered address at NE15 8DE, England, Newcastle Upon Tyne, 4 Tyne View.

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