Nunhead Express Ltd

Nunhead Express Ltd from London UK: a small, active company founded eight years ago, employs twenty people, and holds £242,809 in assets. It has a real address, is managed by one director, and has two owners. The company is an irregular importer of sugars and sweets, with just one month of import activity recorded as of October 2022.

The business operates in the retail sale of food, beverages, and tobacco, and is a private limited company registered in England/Wales. Officially, it has two owners and one director. The company’s website is currently unavailable, so it’s difficult to determine if it operates an e-commerce site.

Financially, Nunhead Express Ltd shows some concerning trends. Accumulated depreciation has increased by 29%, and the company’s equity has plummeted by 90% to -£97,000. Bank borrowings have decreased by 34%, and cash reserves have increased by 42% to £92,000. Creditors have increased by 41%, and net current assets have increased by 36%. It’s a small company, meeting two of three criteria for size: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s accounts are unaudited, and prepared under FRS 102. The director acknowledges their responsibilities under the Companies Act. The company is entitled to exemption from an audit. The financial data suggests the company is facing challenges, with a significant decline in equity. The increase in creditors could indicate a reliance on short-term financing. The decrease in average employees reported during the period is also a worrying sign, perhaps due to cost-cutting measures.

Registered in England/Wales under the registration number 10665461, with a registered address at SE15 3XX, United Kingdom, London, 2 Kirkwood Road.

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