Nursted Limited

Nursted Limited is a small holding company based in Newhaven, UK, with an active status. Founded four years ago in October 2020, it employs six people and holds £172,011 in assets. The company operates from a virtual address, registered to 66 Haven Way, which is shared by twenty-four other companies, and is managed by one director and one owner. It regularly imports plastics and plastic products (six months of activity, last in February 2023) and exports them irregularly (one month of activity, last in December 2022).

The company’s website, officenurstedbuilders.co.uk, reveals it’s a local building contractor serving Petersfield, Haslemere, and Liphook. Nursted Builders Ltd, established in 1971, provides a range of building services, including extensions, loft conversions, kitchen and bathroom installations, and renovations. The website highlights a network of trusted subcontractors, offering a one-stop solution for building projects. They even handle planning approvals and building control communications. The company’s reputation, built over fifty years, emphasizes quality workmanship and a personal touch.

Financially, Nursted Limited shows a mixed picture. Current assets have plummeted by a significant 77% to just £170,000, while net assets have fallen 69% to -£270,000—a considerable decline. Bank borrowings have decreased by 62%, reaching £130,000, and cash reserves have increased by 98% to £16,000. Creditors have also decreased by 59%, suggesting improved debt management. The company meets two of three criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The decrease in equity, however, raises concerns about its long-term financial health. With no auditor mentioned (likely exempt as a small company), the figures are based on unaudited statements.

The sharp drop in assets and the negative equity suggest Nursted Limited may be experiencing financial pressures, despite its established reputation and range of services. It's possible that recent investments or project costs have temporarily impacted its financial position, but the trend warrants careful monitoring.

Registered in England/Wales under the registration number 12934066, with a registered address at BN9 9TD, England, Newhaven, East Sussex, 66 Haven Way.

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