Av Innovate Limited

Av Innovate Ltd, based in Leicester, UK, is a small holding company with an active status, celebrating 23 years since its founding in 2002. The company employs 74 people and holds assets valued at £3,252,450. It operates a real address and is managed by one director and one owner. A key aspect of its business is an e-commerce site, alongside regular import and export activities. The company imports electrical machinery and equipment for three months, with the latest import in December 2024, and exports machinery, boilers, and mechanical appliances for ten months, with the latest export in October 2024.

The company's website, avinnovation.co.uk, showcases its role as “Smart Home AV Specialists.” It offers a range of audio-visual equipment, furniture, and installation services, catering to both residential and commercial clients. The site highlights brands like Arcam, Bowers & Wilkins, and Q Acoustics, and offers services like blind control integration and system design. It even has a physical showroom in Orpington, Kent, suggesting a blend of online and in-person sales.

Financially, Av Innovate Ltd presents a mixed picture. Current assets have decreased by 12% to £3.3 million, while net assets have fallen 13% to £1.3 million. Cash bank on hand has plummeted 100% to just £16, a concerning trend. Trade debtors have also decreased by 12% to £3 million, and creditors have dropped by 11% to £2.3 million. Bank borrowings have increased by 18% to £1.9 million. 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 agility, but the sharp decline in cash reserves warrants attention. The lack of an auditor mentioned (likely exempt as a small company) means these figures are unaudited.

Overall, Av Innovate Ltd seems to be navigating a period of financial pressure. While its e-commerce presence and specialized services offer a strong foundation, the declining cash reserves and rising bank borrowings suggest a need for careful financial management.

Registered in England/Wales under the registration number 04389619, with a registered address at LE2 5LQ, England, Leicester, 19 Mandervell Road, Oadby.

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