Nova Of London Limited

Nova of London Limited, based in London, UK, is a medium-sized company with a 44-year history, currently employing 65 people. The company boasts £38,252,901 in assets and generates £30,042,500 in yearly revenue. It’s an active business with five directors, though no owners are officially listed – likely one of the directors holds that role. The company operates an e-commerce site and maintains a 4.0-star Google rating based on 21 reviews.

Nova of London specializes in wholesale fashion, importing clothing and accessories made by knitting or crocheting for a substantial 946 months, and exporting clothing and accessories *not* knitted or crocheted for 353 months. Its website highlights a wide range of women's clothing, from dresses and tops to coats and jackets, catering to both online and bulk buyers. The company also offers a “Made in Italy” collection, emphasizing unique and inclusive fashions.

Looking at the financial data, the company shows a mixed picture. Accrued liabilities have significantly decreased by 71%, a positive sign of better financial management. However, bank borrowings have skyrocketed by an astonishing 12,000%, reaching £21,000, and cash reserves have fallen by 21%, down to £5,100,000. Interestingly, the company’s staff numbers have reduced by 9.2%, from 65 to 59. While the company meets the criteria for a medium-sized business (turnover under £36 million, assets under £18 million, and fewer than 250 employees), the surge in borrowing and decline in cash warrant closer attention. The company’s auditor, Xeinadin Audit Ltd, hasn’t reported any significant issues.

Overall, Nova of London appears to be navigating a period of change, with both opportunities and challenges ahead. The company’s strong online presence and focus on wholesale fashion suggest potential for continued growth, but the recent financial trends indicate a need for careful management and strategic decision-making.

Registered in England/Wales under the registration number 01497069, with a registered address at E1 2BT, London, 191-193 Commercial Road.

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