Innov8 Wholesale Ltd

Innov8 Wholesale Ltd, based in Thurston, UK, is a small, active company founded ten years ago in 2015. Employing just two people, it holds £99,844 in assets and operates from a real address, managed by one director and owner – a solo founder. The company boasts a perfect 5.0 Google rating based on two reviews. It’s an irregular importer of electrical machinery and equipment, with just two months of import activity recorded, the last in November 2022.

The company’s website, innov8wholesale.com, positions itself as a "Custom Cable Solution Specialists." It offers a wide range of USB cables, adapters, audio/video equipment, and even caters to the EMobility sector with products for electric scooters. The site emphasizes customisable products, secure payments, and free UK delivery over £15. It’s clear that Innov8 Wholesale is focused on a B2B model, supplying components and accessories to various industries.

Financially, Innov8 Wholesale Ltd shows a mixed picture. Current assets increased by 8.7% to £100,000, while net assets grew by a significant 98% to £23,000 – a positive sign. However, bank borrowings spiked by a massive 1200%, reaching £4,700, and corporation tax payable jumped 190% to £6,600. Trade creditors also increased by 13% to £60,000. The company qualifies as a small business, meeting two of three criteria (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). With no auditor mentioned, the figures are unaudited.

The sharp increase in bank borrowings and tax payable, despite growing assets, suggests that Innov8 Wholesale is perhaps reinvesting heavily in its business or facing temporary cashflow challenges. The company’s reliance on custom cable solutions and its broad product range could be a strength, but it also means managing a diverse inventory.

Registered in England/Wales under the registration number 09426408, with a registered address at IP31 3TB, England, Thurston, Suffolk, Unit 9 Parkway, Elm Farm Park.

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