Nominal-plan Ltd

Nominal-plan Ltd is a small, active company based in Reading, UK, founded eight years ago in January 2017. With just one employee and £22,231 in assets, it’s a solo founder operation managed by a single director and owner, Ozer Semih. The company operates from a real address and is an irregular importer, with its top import category being Clothing and accessories made by knitting or crocheting, totaling 1 months of imports, the last in October 2021. While its core business involves wholesale and retail, it also dabbles in wireless telecommunications and management consultancy.

The company’s website is currently unavailable, making it difficult to determine the extent of its e-commerce presence. It’s unclear if they have a fully functional online store or if their operations are primarily wholesale-focused.

Financially, Nominal-plan Ltd presents a mixed picture. Accumulated depreciation has increased by 30%, suggesting investment in plant and machinery. Bank borrowings have decreased by 44%, which is a positive sign, and cash reserves have fallen by 12% to £11,000. Creditors have increased significantly by 72%, potentially due to increased purchasing, and debtors have surged by 390%, which could indicate delayed customer payments. Equity has plummeted by 92%, which is a substantial decline, and net assets have fallen by 88% to just £280. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the equity drop is concerning. The accounts are unaudited and prepared under FRS 102, and the company is exempt from an audit.

In short, Nominal-plan Ltd is facing some financial headwinds, despite its small size and active status. The significant decrease in equity suggests a potential need for careful financial management, although the decrease in bank borrowings is a positive sign.

Registered in England/Wales under the registration number 10561367, with a registered address at RG2 0GX, England, Reading, 41 Merrick House Whale Avenue.

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