North South Retail Ltd

North South Retail Ltd from Belfast UK: a small holding company with an active status, was founded 24 years ago in 2000. Employing 13 people, the company holds £2,051,936 in assets and operates from a real address. Two directors and one owner manage the business, which boasts a perfect 5.0 Google rating based on five reviews. It's an irregular importer of machinery, boilers, and mechanical appliances, with parts imported roughly every two months, the last operation taking place in June 2021.

The company's website reveals a dual focus. Primarily, North South Retail Ltd acts as a distributor of frozen bakery and ice cream products throughout Ireland, supplying retail and foodservice outlets. It operates from strategically located depots across Northern and Southern Ireland. However, the site also highlights a legacy business: John Pell’s 30-year experience in the ice cream and coffee shop industry, leading to the establishment of North South Retail in 2000. The company even supplies products to prestigious locations like the Great Northern Mall and Harrods.

Financially, North South Retail Ltd shows a mixed picture. Current assets increased by 16%, reaching £2,100,000, while net assets grew by 15%, hitting £510,000. However, bank borrowings increased by 6%, reaching £1,300,000, and cash reserves decreased by 75%, falling to just £12,000. Creditors also increased by 6%, reaching £670,000. The company’s small size—meeting two of three conditions for being classified as small—allows for agility, but the decrease in cash reserves warrants attention. The accounts are unaudited, likely due to the company’s status as a small entity.

Overall, North South Retail Ltd appears to be holding its own, but the decline in cash reserves suggests a need for careful financial management. The dual focus on distribution and the legacy ice cream business adds complexity, but also potential for diversification.

Registered in Northern Ireland under the registration number NI039670, with a registered address at BT12 6TA, Belfast, 4 Wildflower Way.

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