Innov8 Gaming Limited

Innov8 Gaming Ltd from Birmingham UK: a small, active company founded eight years ago, employs 23 people, and holds assets valued at £5,949,248. It's a solo-founder operation with two directors, a real address, and a stellar 5.0 Google rating based on two reviews. The company regularly imports electrical machinery and equipment, with 27 months of import activity recorded.

The company operates in the manufacture of professional and arcade games and toys industries. 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. Its website redirects, suggesting a focus on backend operations rather than direct e-commerce.

Financially, Innov8 Gaming Ltd shows a mixed picture. While net assets increased by 33% to £6 million, cash reserves dropped 21% to £550,000. Bank borrowings decreased significantly, falling 44% to £96,000, which is good. Creditors increased by 13% to £710,000, and trade debtors increased by 1.7% to £2.3 million. The company’s equity increased by 66% to £3.7 million. The lack of an auditor mentioned suggests it’s exempt as a small company, and the unaudited figures rely on director-reported data.

The company’s increased equity suggests a successful year, but the drop in cash reserves could indicate increased investment or operational expenses. The rise in trade debtors may also be a concern, suggesting potential issues with customer payments. Overall, Innov8 Gaming Ltd appears to be a growing company, but it's important to monitor its cash flow and debt management closely.

Registered in England/Wales under the registration number 10717040, with a registered address at B15 3ED, England, Birmingham, 5 Highfield Road, Edgbaston.

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