Nortech Services Limited

Nortech Services Ltd, based in Kingston Upon Hull, UK, is a small, active company established 42 years ago in 1983. With six employees and £325,876 in assets, it’s a well-established business. The company has three directors and one owner, and maintains a real address. It operates an e-commerce site and enjoys a stellar 5.0 Google rating based on 11 reviews. Nortech Services is an irregular importer, primarily dealing with electrical machinery and equipment, with its last import operation recorded one month ago.

The company’s website showcases a wide range of tools and equipment, catering to various trades including automotive, construction, and maintenance. It offers a selection of tools for sale, including needles, shirts, trousers, and jackets, alongside more specialized items like needle scalers and molyslip products. The site clearly states it’s an industrial distributor, and while the online shop is still developing, it encourages customers to inquire about items not listed. Nortech also offers tool hire services.

Financially, Nortech Services Ltd presents a mixed picture. Cash bank on hand has increased by a significant 34% to £110,000, which is good news. However, trade debtors have fallen by a substantial 29%, suggesting a potential issue with collecting payments. Creditors have also decreased by 4%, indicating better debt management. Equity has increased by 3.5%, which is positive, but net current assets remain stable. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the fluctuating debtor figures warrant closer attention. No auditor is mentioned, likely due to the company’s exemption as a small entity. Overall, Nortech Services Ltd seems to be holding its own, but managing its receivables will be key to its continued success.

Registered in England/Wales under the registration number 01695343, with a registered address at HU9 1NL, Kingston Upon Hull, Unit B Drypool Way, South Orbital Trading Park.

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