Innova Design Group Limited

Innova Design Group Limited, based in Stockport, UK, is a small, active company founded nine years ago in 2016. With 27 employees and £1,284,307 in assets, it’s a modest operation run by two directors and owners. The company holds a stellar 5.0 Google rating based on one review, and regularly imports machinery, boilers, and mechanical appliances, with its most recent import activity three months ago in June 2024.

The company operates in the activities of production holding companies, and its website, while not providing detailed e-commerce functionality, highlights its role as a manufacturer. It’s a small entity, meeting two of three criteria for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Innova Design Group Limited shows a mixed picture. Cash bank on hand has seen a dramatic increase, soaring by 1100% to £350,000—a positive sign. However, net assets have also increased significantly, jumping 47% to £670,000. Trade debtors have risen by 39%, reaching £660,000, which could indicate increased sales but also potential challenges in collecting payments. Creditors have also increased by 8.3%, to £770,000. Depreciation charges for computer equipment have increased by 40%, while for plant machinery, it’s been a more modest 11%. The company’s lack of an auditor (likely exempt due to its small size) means these figures are unaudited.

Overall, Innova Design Group Limited appears to be financially stable, with a healthy cash position. However, the increase in both debtors and creditors suggests a need for careful management of working capital. The company’s small size and active import business position it well for continued growth, but close monitoring of its financial performance will be crucial.

Registered in England/Wales under the registration number 09965117, with a registered address at SK4 5BF, United Kingdom, Stockport, Cheshire, Unit 4a Crossley Road, Heaton Chapel.

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