Noace Ltd

Noace Ltd is a small, active company registered in London, UK. Founded four years ago in January 2021, it employs just two people and operates an e-commerce site. The company’s registered address is a virtual one, shared by over six thousand other businesses, which is a little strange. It's managed by three directors and has two owners, though the list of owners may not be exhaustive.

The company’s core business involves agents involved in the sale of a variety of goods and retail sale via mail order houses or via internet industries. It’s a small business, meeting two of the three criteria: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Looking at the financials, Noace Ltd is facing some challenges. Cash on hand has fallen dramatically, down 84% to just £8, while net assets are also down significantly, now at -£940. Bank borrowings have increased, and creditors are up 12%. The company’s equity is also down, which is a bit concerning. It seems like the business is burning through cash. It’s worth noting that these are unaudited accounts, and the company is exempt from an audit as a small business.

The company’s small size allows it to be agile, but the financial pressures suggest a need for careful management. It's a bit odd that the company is losing money, especially considering it has an e-commerce site. Perhaps the market is competitive, or maybe the company is investing heavily in growth.

Registered in England/Wales under the registration number 13121195, with a registered address at WC2H 9JQ, United Kingdom, London, Greater London, 71-75 Shelton Street.

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