Northkin Limited

Northkin Limited is a small, active company based in Wimbledon, UK, founded eight years ago in December 2016. It's a solo-founded operation with one director and one employee, holding £13,717 in assets. The company operates in the non-specialised wholesale trade industries and has a real registered address at 4th Floor Tuition House, 27/37 St George's Road. It’s an irregular importer, having imported goods for just one month, with the last activity occurring in January 2020.

The company’s website, Northkin Limited, showcases a range of services, primarily focusing on wholesale trade. While the site doesn't explicitly detail e-commerce functionality, the breadth of products listed suggests a business-to-business model, likely involving direct sales to retailers or other wholesalers. There's no obvious indication of a consumer-facing online store.

Financially, Northkin Limited presents a concerning picture. Current assets have plummeted by a staggering 91%, dropping to just £14,000. Net assets have also significantly decreased, falling 50% to -£210,000. Cash reserves are down 48% to £7,600, and trade debtors have shrunk dramatically, dropping 93% to £6,100. Creditors have decreased by 24%, and bank borrowings remain constant. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the figures are unaudited.

The sharp decline in assets and the negative equity suggest Northkin Limited is burning through cash. The decrease in debtors could indicate issues with collecting payments, or a deliberate shift towards more upfront payments. The company’s irregular import history and reliance on a single director and owner may also contribute to its financial vulnerability. While the business operates in a potentially lucrative wholesale sector, its current trajectory raises serious questions about its long-term viability.

Registered in England/Wales under the registration number 10509287, with a registered address at SW19 4EU, United Kingdom, Wimbledon, London, 4th Floor Tuition House, 27/37 St George's Road.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.