Nomad Property Ltd

Nomad Property Ltd, based in London, UK, is a small, active company founded six years ago. With five employees and £12,030,504 in assets, it operates from a virtual address—a detail flagged by the fact that seventeen companies share the same registration address. The company is led by three directors and owned by Simpson Jack, a solo founder. It’s an irregular importer, bringing in stone, plaster, cement, and similar materials for a couple of months, with the latest import occurring in August 2024.

The company’s website, Nomad Properties, specializes in acquiring properties for planning gain opportunities, boasting a track record of success. It highlights recent acquisitions like Berkeley Park Apartments and Webb Ellis Business Park, and showcases its expertise in residential and commercial development. The site's design is clean and modern, powered by Squarespace, and emphasizes a focus on strategic property investment.

Financially, Nomad Property Ltd presents a mixed picture. While current assets increased by a substantial 60% to £12 million, net assets took a significant hit, dropping 80% to £360,000. Bank borrowings jumped a staggering 55,000% to £5.5 million, and cash reserves decreased by 55% to £750,000. Creditors, however, rose by 77% to £5.5 million, which could indicate increased investment or expansion. The company's small size—meeting two of three criteria for being a small company—allows for flexibility, but the sharp decline in equity warrants closer attention. The company is exempt from an audit, so the figures are unaudited.

The company's financial numbers suggest a period of rapid growth and increased borrowing, potentially fueled by acquisitions. Whether this strategy is sustainable remains to be seen, but Nomad Property Ltd appears to be aggressively pursuing opportunities in the property market.

Registered in England/Wales under the registration number 11443350, with a registered address at SW6 4LZ, England, London, 126 New Kings Road.

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