W.j.nigh & Sons Limited

W.J. Nigh & Sons Limited, based in Shanklin, UK, is a small, family-run business with an active status, having been established 86 years ago. Employing twelve people and holding assets of £934,118, it’s a long-standing fixture in the local economy. The company, with five directors and three owners, operates an e-commerce site and boasts a respectable Google rating of 4.0 based on two reviews. It’s a regular importer of toys, games, and sports equipment, with recent activity recorded in October 2024.

The company’s website showcases a wide range of products, from souvenirs and stationery to Christmas items and bespoke goods. It caters primarily to trade customers, offering a selection of items and highlighting next-day delivery for orders over £150. The site emphasizes its stock range of over 8,000 lines, supplying both UK and European countries. It’s clear the business is focused on wholesale distribution, with a strong emphasis on customer service and a broad product offering.

Financially, W.J. Nigh & Sons Limited presents a mixed picture. Current assets have declined by 16% to £930,000, while net assets have dropped by 9.2% to £720,000. Cash bank on hand has also fallen by 6.9% to £640,000. However, trade debtors have increased slightly by 4.8% to £70,000, and creditors have decreased by 13% to £740,000, suggesting some improvement in debt management. 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 decline in equity warrants attention. With no auditor mentioned, the figures are unaudited.

Overall, W.J. Nigh & Sons Limited appears to be navigating a challenging economic climate. Its long history, family ownership, and diverse product range provide a solid foundation, but the company will need to maintain a close eye on its financial performance to ensure its continued success.

Registered in England/Wales under the registration number 00347920, with a registered address at PO37 7HX, Shanklin, Isle Of Wight, 1 Station Approach.

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