Nucig Limited

Nucig Limited is a small, active company based in London, UK, founded 16 years ago in 2009. With just one employee and £1,077,497 in assets, it operates from a virtual address and is a family business running an e-commerce site. The company regularly imports electrical machinery and equipment, with 41 months of import activity recorded. It has one director and two owners, with Sohail Kalwant and Sohail Pamjit listed as owners.

The company’s website showcases a wide range of electronic cigarette products, including kits, filters, and e-liquids, catering to both new users and experienced vapers. It emphasizes realistic designs, various flavors, and convenient features like pre-charged batteries and disposable options. The site also features a section dedicated to CBD products, offering a selection of flavored e-liquids.

Financially, Nucig Limited shows some concerning trends. While cash bank on hand increased significantly by 150%, reaching £150,000, current assets also grew by 7.5% to £1,100,000. However, retained earnings and accumulated losses declined by 1.2%, dropping to £980,000. Creditors increased by 210%, reaching £32,000 within one year, and other creditors increased by 3700%, reaching £21,000 within one year. Bank borrowings have increased, which could be a sign of needing to cover expenses. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the decline in equity raises questions about its long-term financial health. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Nucig Limited appears to be a small, family-run e-commerce business facing some financial pressures, despite a growing cash position.

Registered in England/Wales under the registration number 06808415, with a registered address at EC1V 2NX, United Kingdom, London, 128 City Road.

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