Nrg Industries Limited

Nrg Industries Ltd from Sutton Coldfield UK: a small, active company founded 17 years ago, employs 40 people, and holds £349,943 in assets. With a real address, one director, and one owner, it maintains a perfect 5.0 Google rating based on a single review. The company is an irregular importer of furniture, lighting, and prefabricated buildings, with just one month of import activity recorded as of November 2022.

The company operates in the other business support service activities n.e.c. industries. Its website is currently unavailable, making it difficult to assess its online presence or e-commerce activities.

Financially, Nrg Industries Ltd presents a mixed picture. While current assets have increased by 56% to £350,000, net assets have jumped by a substantial 24% to £590,000. Bank borrowings have decreased dramatically, falling by 100% to zero. Creditors have also increased by 5.6% to £230,000. The company’s small size (meeting two of three conditions for being considered small: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in creditors suggests a need to carefully manage short-term liabilities. No auditor is mentioned, likely due to the company’s exemption as a small entity.

The increase in net assets, particularly the rise in retained earnings, indicates a profitable year, though the specific drivers of this growth are not immediately apparent. The decrease in bank borrowings is a positive sign, suggesting improved cash flow management. However, the increase in creditors warrants close monitoring to ensure the company can meet its obligations.

Registered in England/Wales under the registration number 06276388, with a registered address at B72 1QF, England, Sutton Coldfield, 49 Birmingham Road.

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