Innova Products Ltd

Innova Products Ltd, based in London UK, is a small, active company founded fifteen years ago in 2009. Employing sixteen people and holding £3,983,430 in assets, it operates from a real address and is managed by a single director and owner – a solo founder. Accounts are currently overdue by two months. The company irregularly imports electrical machinery and equipment, with the last import activity recorded two months ago.

The company’s website, innovaproductsltd.co.uk, is currently undergoing maintenance, indicating a temporary pause in online operations. A message promises the site will be available soon, thanking visitors for their patience. It’s a bit frustrating, but hopefully, it’s just a quick fix.

Financially, Innova Products Ltd presents a mixed picture. Cash bank on hand has impressively increased by 300%, reaching £2,100,000, while current assets have doubled to £4,000,000. However, net losses have deepened, and creditors have increased significantly – a concerning trend. Trade debtors have also risen substantially, suggesting potential challenges in collecting payments. Despite these pressures, the company’s fixed assets have decreased by 21%, and retained earnings have grown. It’s a small company, meeting two of three conditions for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt as a small company, relying on unaudited statements.

Overall, Innova Products Ltd seems to be navigating a period of change. The increase in cash reserves is encouraging, but the rising debts and losses suggest a need for careful financial management.

Registered in England/Wales under the registration number 06909921, with a registered address at SE18 4AL, England, London, 55 Hillreach.

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