Nevitec Ltd

Nevitec Ltd, based in Wellingborough, UK, is a small, active company established 14 years ago. With four employees and £886,312 in assets, it’s a modest operation overseen by two directors and a single owner. The company boasts a stellar 5.0-star Google rating from nine reviews, a testament to its customer service. It’s an irregular importer, primarily dealing with electrical machinery and equipment, with the last import activity recorded one month ago in May 2023.

Nevitec Ltd specializes in stretch ceiling solutions, offering a range of decorative, translucent, acoustic, and lighting options. The company’s website highlights its commitment to design and functionality, catering to both commercial buildings and homes. They offer custom ceilings, manufactured using a unique method, and emphasize a team dedicated to innovation and excellence. The company also provides design, manufacturing, supply, and installation services. They’re proud to have 10 years of experience, 25 employees, 100,000 square meters of ceilings installed, and 100 projects completed.

Financially, Nevitec Ltd presents a mixed picture. While current assets increased by 39% to £890,000, net assets only saw a slight increase of 8.9% to £120,000. Bank borrowings decreased by 30% to £88,000, and cash reserves remained relatively stable. However, trade debtors increased significantly by 54% to £610,000, which could indicate a reliance on customer payments. Creditors also rose by 11% to £340,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rise in debtors warrants closer monitoring. As a small company, it’s exempt from an audit, so the financial statements are unaudited. Amounts owed to directors have increased significantly by 490% to £170,000.

Registered in England/Wales under the registration number 07482611, with a registered address at NN8 4NL, England, Wellingborough, 19 Sanders Road Sanders Road, Finedon Road Industrial Estate.

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