Nucommerce Ltd

Nucommerce Ltd, based in Cookstown, Northern Ireland, is a small, active company founded six years ago in December 2018. The business, run by a solo founder and a single director, Nugent Rita Deirdre, holds £229,325 in assets and operates from a real address. With just one employee, the company focuses on non-specialised wholesale trade industries. It’s a small operation, meeting two of three criteria for a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company's website reveals a more complex picture. NuCommerce positions itself as an innovative commerce platform, offering a range of services to boost sales and efficiency through an integrated supply chain ecosystem. It boasts multichannel order management, smart inventory management, seamless courier platform integration, and a host of other features designed for e-commerce businesses. The site highlights plugins, customisable themes, and in-depth analytics—all aimed at helping businesses grow. There's even a section dedicated to enterprise solutions, promising custom-built features and lightning-fast infrastructure.

Financially, Nucommerce Ltd is showing some concerning trends. While cash reserves increased by a substantial 170% to £290,000, net assets declined by 89% to -£260,000. Bank borrowings have surged by 100% to £14,000, and trade debtors have plummeted to -£62,000—a significant shift. Creditors have also doubled to £14,000. The company's small size helps it stay agile, but the substantial equity drop and negative debtors raise questions about its financial health. No auditor is mentioned, as the company is exempt. It’s clear the company is trying to grow, but whether it can sustain this growth given the financial pressures remains to be seen.

Registered in Northern Ireland under the registration number NI657859, with a registered address at BT80 8BZ, Northern Ireland, Cookstown, Tyrone, 26a Westland Road.

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