Nulok Global Uk Ltd

Nulok Global Uk Ltd, based in Ballymena, UK, is a small holding company with an active status, established seven years ago. The company, with a single employee, holds £321,270 in assets and operates from a virtual address shared by eleven other companies – a potential red flag. It’s led by one director and one owner, and while it’s an irregular importer (none for one month, last import in 2020), it’s a regular exporter of iron and steel (three months, last export in 2021).

The company’s website paints a picture of a global business focused on roofing solutions. Nulok Global isn’s just selling products; it’s promoting a system – the Nulok Roofing System – designed for both residential and commercial applications. The site heavily emphasizes partnerships and distribution, actively seeking partners in various regions, particularly those with a tradition of slate roofing. It even mentions collaborations with established companies like Kingspan and Rathscheck, suggesting a focus on building a network rather than direct sales. The site also highlights the company’s involvement in modular construction and its patented integrated solar solutions, showcasing a commitment to innovation and sustainability. The website’s focus is on becoming a distributor, not an ecommerce store.

Financially, Nulok Global Uk Ltd’s report reveals a mixed picture. Current assets have decreased by 26% to £320,000, while net assets have fallen by 12% to £290,000. Bank borrowings have decreased by 40% to £15,000, and cash reserves have seen a dramatic increase of 1000% to £42,000. Creditors have significantly dropped by 70% to £31,000, which is a positive sign. Trade debtors, however, have plummeted by 53%, suggesting a potential issue with collecting payments. The company’s small size—meeting two of three criteria for a small company—means it’s likely exempt from an audit, and the report is unaudited.

The substantial increase in cash reserves is encouraging, but the decline in trade debtors warrants closer attention. It’s possible the company has tightened credit terms or experienced payment delays. The virtual address, while not inherently problematic, does raise questions about the company’s physical presence and operational scale. Overall, Nulok Global Uk Ltd appears to be navigating a period of change, with a focus on building partnerships and expanding its global reach, although the financial data suggests some challenges in managing working capital.

Registered in Northern Ireland under the registration number NI650543, with a registered address at BT43 6BL, United Kingdom, Ballymena, Co. Antrim, 15 Duke Street.

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