Inovo Robotics Ltd

Inovo Robotics Ltd, based in Guildford, UK, is a small, active company founded eight years ago. With eleven employees and £52,453 in assets, it operates from a real address and is managed by two directors and three owners. The company is an irregular importer of machinery, boilers, and mechanical appliances, with its last import operation occurring two months ago in November 2023. Conversely, it’s a regular exporter of electrical machinery and equipment, with its last export operation taking place in March 2024.

The company's website highlights its mission to make robotics accessible to all, addressing the needs of growing businesses automating repetitive tasks. Inovo Robotics focuses on creating modular manipulator arms and offers applications in areas like robotic mixology, food integration, and farming. It caters to small businesses, providing plug-and-play components and intuitive software, with a focus on freeing staff from monotonous work. The website also features a section on awards and partnerships, and a call to action to “buy now.”

Financially, Inovo Robotics Ltd presents a mixed picture. Current assets have decreased significantly by 42%, dropping to £52,000. Net assets have also taken a hit, falling by 180% to -£31,000. Bank borrowings have seen a considerable increase, rising by 35% to £3,800, while cash reserves have plummeted 63% to £27,000. Creditors have also increased by 43%, reaching £88,000. The company's small size—meeting two of three criteria for being classified as small—allows for agility, but the sharp decline in equity raises concerns. As a small company, it is exempt from an audit, so the figures are unaudited.

The company's financial data suggests it may be burning through cash, although the increase in creditors could be due to increased business activity. The company's focus on robotics and automation, combined with its small size, presents both opportunities and challenges as it navigates the competitive market.

Registered in England/Wales under the registration number 10267999, with a registered address at GU2 7YG, England, Guildford, Surrey Technology Centre 40 Occam Road, Surrey Research Park.

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