Nugelato Ltd

Nugelato Ltd from Newcastle UK: a small, family business, is active and celebrating ten years since its founding in 2015. Employing sixty-two people, the company holds £734,206 in assets and operates from a virtual address, with two directors and two owners at the helm. It has a 3.0 Google rating from just two reviews. Nugelato is an irregular importer of paper and paperboard products, with only one month of import activity recorded as of December 2020.

The company’s website showcases a vibrant gelato and chocolate boutique, emphasizing handmade gelato crafted using traditional Italian methods. It even boasts the first hot chocolate tap in Northern Ireland, a unique selling point. The site highlights a range of products, from classic gelato flavors to innovative creations like Nuggy Pots and Burritos, and actively encourages franchise inquiries. The website also features a history section, detailing a century-long family tradition in gelato making.

Financially, Nugelato Ltd presents a mixed picture. Current assets have increased to £730,000, while net assets have risen to £1,000,000—a positive trend. However, cash reserves have decreased by 25% to £430,000, and trade debtors have increased by 24% to £300,000. Property, plant, and equipment have decreased by 9.8% to £490,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in property, plant, and equipment could indicate investment or depreciation. As a small company, it is exempt from an audit, relying on unaudited statements.

The company appears to be holding steady, with a focus on quality and innovation in the gelato market. The decrease in cash reserves and increase in debtors might be typical for a growing business, but it’s something to keep an eye on.

Registered in Northern Ireland under the registration number NI629593, with a registered address at BT33 0DL, Northern Ireland, Newcastle, 12 Causeway Road.

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