Niva Corporation Ltd

Niva Corporation Ltd, based in London, UK, is a small, active company founded fifteen years ago in 2009. Employing just four people, it holds £136,197 in assets and operates from a real address with two directors and one owner. The company is a regular importer, specializing in machinery, boilers, and mechanical appliances, with 33 months of import activity recorded, the last in February 2023.

The company’s website showcases a specialized business: the supply of turbocharger components and related parts. It caters primarily to professional turbocharger specialists, offering cartridges, cores, and other parts for various vehicle brands like Maserati, BMW, Volvo, Vauxhall, and Mercedes. The site emphasizes competitive pricing and offers a range of services, including bulk orders and bespoke solutions. A dedicated "About Us" section highlights the company's direct import model, allowing it to offer low prices, and its commitment to providing high-quality, brand-new parts. They even offer a VAT registered company in the UK and comply with all appropriate UK consumer protection legislation.

Financially, Niva Corporation Ltd presents a mixed picture. Accumulated depreciation impairment property plant equipment increased by 8.7% to £4,700, while the average number of employees decreased by 25% to three. Bank borrowings, both overdrafts and non-financial instruments, increased, with current financial instruments rising to £10,000 and non-financial instruments to £15,000. Cash bank on hand decreased by 13% to £21,000. Creditors also saw a decline, with current financial instruments decreasing to £160,000. However, trade debtors increased significantly by 22% to £41,000. Equity decreased by 17% to -£36,000, and net current assets liabilities increased by 13% to -£23,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) keeps it nimble, but the decline in equity and cash reserves raises questions. No auditor is mentioned, which is likely due to its status as a small company.

In short, Niva Corporation Ltd appears to be navigating a period of financial adjustment. While its specialized turbocharger component business seems active and focused, the underlying financials suggest a need for careful management and a focus on improving profitability.

Registered in England/Wales under the registration number 07064031, with a registered address at N16 6XS, England, London, First Floor Offices 94, Stamford Hill.

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