North Coast Events Ltd

North Coast Events Ltd, based in Coleraine, Northern Ireland, is a small, active company founded four years ago. With eight employees and £37,249 in assets, it's a solo-founded venture led by a single director and owner. The company operates in the event catering activities industries and regularly imports electrical machinery and equipment – a consistent activity over the past seven months.

The company's website showcases a diverse range of services, primarily focused on audio-visual production and event management. It’s not a traditional e-commerce site; instead, it acts as a portfolio and marketing tool, highlighting past projects for clients like Bacardi, Colliers, Jaguar, and Liberty Financial. The site details services like silent disco hire, AV installs, and corporate event production, emphasizing a commitment to creating "unforgettable events." It’s clear North Coast Events is focused on building relationships and delivering bespoke solutions rather than selling products online.

Financially, North Coast Events Ltd presents a mixed picture. Cash bank on hand has decreased by a significant 72% to just £1,000, while creditors have increased by 48% to £81,000. Debtors have also risen sharply, up 93% to £11,000, which could indicate delayed payments from clients or a strategy of extending credit terms. However, fixed assets have grown by 15% to £150,000, suggesting investment in equipment. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in net assets—down 12% to £13,000—raises concerns about its financial health. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, North Coast Events Ltd seems to be navigating a period of growth and investment, but the declining cash reserves and increasing debt suggest it’s burning through money. It’s a common pattern for event production companies, where securing upfront payments can be challenging.

Registered in Northern Ireland under the registration number NI674068, with a registered address at BT51 5SE, Northern Ireland, Coleraine, 18 Lisnagrot Road, Kilrea.

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