Inova Contracts Ltd

Inova Contracts Ltd, based in London, UK, is a small, active company established thirteen years ago in 2011. It's a solo-founded operation with two directors and one employee, holding £174,434 in assets. The company operates from a virtual address – twelve other companies registered at the same location – and is a regular importer and exporter of furniture, lighting, and prefabricated buildings, with 153 months of import activity and 33 months of export activity.

The company's website showcases a focus on providing unique, functional, and design-led furniture and lighting solutions, representing international brands like Flexform, Cassina, Arper, and Hay. Inova acts as a consultant, overseeing projects from sourcing to installation and maintenance, catering to both residential and commercial clients across London, Cape Town, and Johannesburg. It’s clear they are not an e-commerce business, but rather a project management and sales operation, working with designers and clients directly.

Financially, Inova Contracts Ltd presents a mixed picture. Cash reserves have dropped significantly, falling 76% to £67,000, and current assets have declined by 65% to £170,000. Creditors have also decreased, but net assets are down to -£74,000, a substantial loss. Trade debtors have shrunk, suggesting improved collection of payments, but the overall trend indicates a company struggling to maintain its financial health. The company meets the criteria for a small business, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are unaudited, as is common for small companies, and no auditor is mentioned. The company’s reliance on retained earnings, which are now deeply in the negative, suggests a need to carefully manage expenses and potentially seek additional funding.

Registered in England/Wales under the registration number 07722359, with a registered address at SE16 4UD, London, 5 East Lane.

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