Ntg Road Uk Limited

Ntg Road Uk Ltd, based in Lichfield, UK, is a sizable company with an active status, operating as a holding company. Founded eight years ago in December 2016, it employs 23 people and holds assets worth £2,358,788. The company generates a yearly revenue of £8,528,703, and has a real address. Four directors and two owners manage the business, which currently has a 3.0 Google rating based on four reviews. Ntg Road Uk Ltd is an irregular exporter, primarily dealing in textile padding, felt, nonwoven fabrics, special yarns, ropes, and cables—with just one month of export activity recorded in 01/01/2022.

The company’s website, while not providing extensive details, indicates a focus on freight transport by road. It appears to be a logistics provider, likely facilitating the movement of goods across the UK and potentially internationally. There’s no e-commerce presence evident, suggesting a business-to-business model rather than direct sales to consumers.

Financially, Ntg Road Uk Ltd shows some concerning trends. While revenue remains strong, current assets have declined by 44% to £2.4 million, and net assets have fallen by a significant 1700% to -£200,000. Cash and cash equivalents have also plummeted by 62% to £1 million. Bank borrowings have increased by 83%, reaching £260,000, and creditors have decreased by 59% to £1.4 million. The company’s turnover has dropped by 21% to £8.5 million, which could be attributed to various factors, such as increased competition or changing market conditions. Despite these challenges, the company's director remuneration has increased by 2.3%, which may be a reflection of increased responsibilities or performance-based incentives. The company's auditors, Larking Gowen LLP, have confirmed that the financial statements give a true and fair view.

Overall, Ntg Road Uk Ltd seems to be navigating a period of financial strain, despite its relatively large size and strong revenue. The decrease in assets and cash reserves, coupled with increased borrowings, suggests the company is burning through money. The company’s management will need to address these trends to ensure its long-term sustainability.

Registered in England/Wales under the registration number 10533915, with a registered address at WS14 9HY, England, Lichfield, Unit 1 Liberty Park, Burton Old Road.

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