Norseman Direct Limited

Norseman Direct Ltd from Leeds, UK, is a small holding company with an active status, established 18 years ago. The company employs 83 people and holds £2,544,034 in assets. It has a real address, is overseen by three directors, and is owned by one individual. Norseman Direct is an irregular importer of miscellaneous metal items, with two months of import activity recorded, and a regular exporter of furniture, lighting, and prefabricated buildings, with nine months of export activity.

The company operates in the manufacture of other fabricated metal products. Norseman Direct is a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. It is a holding company, and its status is active. The company was incorporated eighteen years ago on January 24, 2007. The registration address is LS27 9SE, Leeds, West Yorkshire, 1 Victoria Court Bank Square, Morley, and it’s a real address as nine companies registered at the address. Norseman Direct Holdings Ltd owns Norseman Direct Limited. White Christopher David, White Jonathan Mark, and White Christopher David are the directors of the company.

Financially, Norseman Direct Ltd shows some concerning trends. Current assets decreased by 17% to £2,500,000, while net assets dropped 9% to £1,600,000. Bank borrowings increased by 1.5% to £400,000, and cash reserves plummeted 91% to just £44,000. Creditors decreased by 14%, suggesting better debt management. The company’s small size helps it stay agile, but the sharp equity drop raises questions. Trade debtors also decreased by 19%, which could be a positive sign of better collection practices, or it could indicate a slowdown in sales. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

The company’s financial data suggests it's facing some challenges, despite its established presence and regular export activity. The significant decrease in cash reserves is particularly noteworthy, and the company may need to carefully manage its expenses and explore options for increasing revenue. It’s possible the company is investing heavily in new equipment or expanding its operations, which could explain the decrease in cash, but it’s something to monitor closely.

Registered in England/Wales under the registration number 06066684, with a registered address at LS27 9SE, Leeds, West Yorkshire, 1 Victoria Court Bank Square, Morley.

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