Noor Hardware Limited

Noor Hardware Limited is a small, active company based in Rickmansworth, UK, founded nine years ago in 2016. With just one employee and £111,127 in assets, it’s a solo-founded operation run by a single director and owner. The business operates in the retail sale via mail order houses or via internet industries. It has a real registered address and is probably real as only one company registered at the same address. The company is an irregular importer, with its top import category being Miscellaneous manufactured goods, totaling 1 months of imports. The last import operation was conducted on May 01, 2022.

The company’s website, Noor Hardware Ltd, focuses on streamlining shipping operations. It offers a software solution for automated shipping, providing an "automated shipping experience." The site includes login details, terms and conditions, and emphasizes ease of use. It's clear the company is trying to provide a service to other businesses, rather than directly selling hardware.

Financially, Noor Hardware Limited presents a mixed picture. Cash bank on hand has dropped significantly by 77%, falling to just £360. Creditors remain stable at £100,000, while debtors have increased by 23% to £12,000. Equity has risen by 19% to £8,400, but net assets and liabilities are also up by the same amount. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the decrease in cash reserves suggests it's burning through money. There’s no auditor mentioned, which is common for small companies, so the figures are unaudited.

The company’s focus on shipping software, combined with the fluctuating financials, suggests it’s a startup still finding its footing. It’s possible the company is investing heavily in its software platform, which could explain the decrease in cash reserves. The stable creditors suggest good debt management, but the increasing debtors might indicate challenges in collecting payments from clients.

Registered in England/Wales under the registration number 10105269, with a registered address at WD3 9TE, England, Rickmansworth, 45 Hornhill Road, Maple Cross.

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