Inovex Systems Limited

Inovex Systems Ltd, based in Kettering, UK, is a small, active company founded 25 years ago in January 00. With seven employees and £780,766 in assets, it’s a well-established player in its sector. The company, which has three directors and two owners, maintains a real address and boasts a perfect 5.0 Google rating from two reviews. It regularly imports machinery, boilers, and mechanical appliances – parts, with 6 months of import activity recorded, and exports the same items, with 53 months of export activity.

The company operates in the manufacture of other general-purpose machinery n.e.c., and business and domestic software development industries. Its website is non-existent, making it difficult to assess its online presence and e-commerce activities.

Financially, Inovex Systems Ltd shows some interesting trends. Accumulated amortisation impairment intangible assets increased by 25%, while accumulated depreciation impairment property plant equipment rose by 6.8%. The number of employees increased by 29%, from seven to nine. Bank borrowings decreased by 9.7%, and cash bank on hand increased by 45%. Creditors decreased by 8.2%, and current assets increased by 7%. Trade debtors also increased by 3%. Equity increased by 31%, and net assets increased by 11%.

The company is a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The financial data suggests a company that is managing its assets effectively, with increasing cash reserves and decreasing debt. However, the increase in accumulated depreciation could indicate aging equipment. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Inovex Systems Ltd appears to be a financially healthy company, with a solid track record and a promising future.

Registered in England/Wales under the registration number 03916745, with a registered address at NN16 8PU, England, Kettering, Northants, 1 Robinson Close, Telford Way Industrial Estate.

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