Nova Recycling Solutions Uk Ltd

Nova Recycling Solutions Uk Ltd, based in Stratford-Upon-Avon, is a small, active company founded five years ago. Employing five people, it holds assets worth £889,142 and operates from a real address. With two directors and two owners, the company is a regular importer of machinery, boilers, and mechanical appliances, with parts imported for the last three months.

The company’s website details a specialized processing system for zorba, insulated copper wire, WEEE, ASR, and waste plastic. They offer shredding solutions for various materials, from nonferrous metal to electronic scrap, and even assist with setting up supply agreements with Chinese consumers. A key focus is the processing of zorba, a shredded nonferrous material, meeting new Chinese standards. The site also highlights expertise in plastic waste projects and offers a bespoke processing system.

Financially, Nova Recycling Solutions Uk Ltd presents a mixed picture. While current assets remain relatively stable at £890,000, cash reserves have taken a significant hit, declining by 82% to £68,000. Bank borrowings have increased substantially, rising by 290% to £28,000, while deferred income has decreased by 76% to £200,000. Trade debtors have also increased by 55%, suggesting potential delays in customer payments. On a positive note, creditors have decreased by 16%, indicating improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in cash reserves raises questions about its short-term financial health. As a small company, the financial statements are unaudited, relying on director-reported data.

Registered in England/Wales under the registration number 12488710, with a registered address at CV37 7DW, England, Stratford-Upon-Avon, 14 Marigold Road.

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