Northern Lights Energy Limited

Northern Lights Energy Ltd from Sunderland UK is a small, active company founded 28 years ago. With nine employees and £2,104,265 in assets, it’s a family business led by three directors and two owners. The company regularly imports wood and wood products, with its last import operation made on December 01, 2024, spanning six months. It operates in the wholesale of wood, construction materials and sanitary equipment industries.

The company’s registered address is real, with only two companies registered at the same address. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company’s website is non-existent, so it’s difficult to determine if it’s an e-commerce business.

Financially, Northern Lights Energy Ltd’s recent performance shows a mixed picture. Cash bank on hand has declined by a significant 55% to £650,000, while trade debtors have increased dramatically by 230% to £1,000,000. Creditors have also risen by 13% to £320,000. A notable shift is the increase in advances to directors, which jumped from zero to £1,100,000, followed by a repayment of £600,000. Equity has decreased by 7% to £1,800,000. The company’s net assets liabilities have also decreased by 6% to £1,800,000. The company's fixed assets have declined by 36% to £47,000.

These trends suggest the company may be experiencing cash flow challenges, possibly due to delayed customer payments or increased operational expenses. The substantial advances to directors, while potentially for investment or restructuring, could also indicate financial strain. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company, meaning the financial statements are unaudited. Overall, Northern Lights Energy Ltd appears to be navigating a period of change, with its long-standing presence and family ownership providing a foundation for future stability.

Registered in England/Wales under the registration number 03247550, with a registered address at SR4 6BY, England, Sunderland, C/O Timber Supplies, Hanover Place.

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