Northern Refine Ltd

Northern Refine Ltd, based in Lees, UK, is a small, active company founded six years ago in 2019. With four employees and £33,545 in assets, it operates from a real address and is led by one director and owner. Its Google rating sits at a perfect 5.0 based on twelve reviews. The company is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances—parts, with the last import operation occurring two months ago in November 2022.

Northern Refine’s core business revolves around the purchase and recycling of catalytic converters. Its website, prominently featuring the slogan "We Buy Your Catalytic Converters," details a streamlined process: customers send details (even a phone description), receive a same-day price, and arrange collection for same-day payment via Bank Transfer or PayPal. The site emphasizes direct payment, free collection (local and national for large volumes), and onsite grading. It also highlights the company's ability to analyze converters in-house, providing accurate valuations. The site even has a section dedicated to explaining what catalytic converters are and how they are recycled.

Financially, Northern Refine Ltd presents a mixed picture. Current assets have fallen by 28% to £34,000, while net assets have plummeted 28% to -£220,000. Cash reserves have taken a significant hit, decreasing by 75% to just £3,500. Trade debtors have almost disappeared, falling 100% to a mere £6. On the positive side, creditors have decreased slightly by 2.6%, suggesting improved debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the substantial equity decline indicates financial strain. There’s no auditor mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Northern Refine Ltd is navigating a challenging financial landscape. While its catalytic converter recycling business appears active and well-regarded by customers, the numbers suggest it's burning through cash. The company’s future hinges on its ability to stabilize its finances and maintain its reputation for fair prices and reliable service.

Registered in England/Wales under the registration number 11896425, with a registered address at OL4 3BH, United Kingdom, Lees, Oldham, Blake House Blake House, 11 High Street.

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