The Dundee Nail Company Limited

The Dundee Nail Company Ltd, based in Dundee, UK, is a small, active company established 16 years ago in 2008. With thirteen employees and £1,078,438 in assets, it’s a modest operation led by two directors and two owners, boasting a stellar 5.0 Google rating from seventeen reviews. The company regularly imports machinery, boilers, and mechanical appliances parts, with a history of 98 months of imports, the most recent in January 1995. It also engages in irregular exports of similar items, with just two months of export activity recorded as of May 2022.

The company’s website, while not detailed, indicates it operates in the wholesale of machine tools and retail sales, suggesting a diverse range of activities. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

A review of the company’s financial data reveals a mixed picture. Accumulated depreciation for computer equipment increased by 16%, while cash reserves declined by 41% to £11,000. Bank borrowings decreased significantly by 67%, and creditors also fell by 7.2%. Net assets took a hit, plummeting 31% to £390,000. Despite these challenges, the company’s trade debtors decreased by 4.7%, which is a good sign. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company.

The company’s financial position suggests a period of adjustment. While it’s maintaining a steady stream of imports, the decrease in cash and the decline in net assets raise questions about its long-term financial health. It’s likely the company is navigating the typical challenges faced by small businesses, and its success will depend on its ability to manage its finances effectively and maintain its customer base.

Registered in Scotland under the registration number SC351533, with a registered address at DD2 4UH, Dundee, Unit 4-5, Nobel Court, Nobel Road West Gourdie Industrial Estate.

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