Northern Containers Limited

Northern Containers Limited, based in Leeds, UK, is a small holding company with an active status, celebrating 36 years since its incorporation in 1989. Employing 20 people, the company holds £3,443,484 in assets and operates from a real address. It’s managed by two directors and has one owner, maintaining a respectable Google rating of 4.0 based on 171 reviews. The company is an irregular importer, primarily dealing in electrical machinery and equipment, with its last import operation recorded one month ago.

The company operates within the "other transportation support activities" industries. It qualifies as a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company's website, while present, doesn’t offer much insight into its operations beyond its registered details. It appears to be primarily a holding company, with no obvious e-commerce presence.

Financially, Northern Containers Limited presents a mixed picture. While current assets increased by 27% to £3.4 million, net assets decreased by 4% to £1.7 million. Bank borrowings decreased by 24% to £52,000, and cash reserves fell by 72% to £11,000. Creditors increased significantly by 77% to £2.2 million, and trade debtors increased by 27% to £3.3 million. The company’s equity decreased by 4% to £1.7 million. The company’s property plant and equipment decreased by 11% to £15,000. The company is exempt from an audit as a small company. The company’s accounts are currently overdue by one month. The company’s net losses deepened to -£23,000.

The trends suggest the company is facing some financial pressure, despite increased assets. The surge in creditors could indicate a need for improved cash flow management. The decrease in cash reserves is a concern, but the increase in trade debtors could be a temporary factor. The decrease in equity is a significant factor. While the company’s small size allows for agility, the financial challenges warrant close monitoring.

Registered in England/Wales under the registration number 02361752, with a registered address at LS10 1RT, Leeds, West Yorkshire, Haigh Park Road, Stourton.

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