Novara Technologies Limited

Novara Technologies Ltd from Hartley Wintney, UK, is a small, active company founded eight years ago. Employing just one person, it holds £860,585 in assets and maintains a real address. With four directors and two owners, and a perfect 5.0 Google rating based on a single review, the company is a regular importer of electrical machinery and equipment, with 41 months of import activity recorded.

The company’s website highlights its expertise in advanced interconnect solutions, offering a wide range of services and products including cable assemblies, connectors, and medical device assemblies. It caters to industries such as electronics, medical, and motion control, offering both standard and custom solutions. The website also emphasizes design for manufacture and manufacturing solutions, suggesting a focus on helping clients optimize their products and processes. It's clear they're not an e-commerce site, but rather a business-to-business (B2B) provider of specialized components and services.

Financially, Novara Technologies Ltd presents a mixed picture. While net assets increased by a significant 1200%, reaching £55,000, this is largely due to a substantial increase in retained earnings. However, cash reserves declined by 28%, falling to £270,000. Bank borrowings remained relatively stable, at £10,000, and trade debtors decreased by 8.3%. The number of employees has doubled to two, which could be a sign of growth or increased workload. It’s interesting to note that the company’s creditors have decreased by 12%, which could indicate improved debt management. As a small company, it’s exempt from an audit, so the figures are unaudited.

The increase in retained earnings, despite the drop in cash, suggests the company is profitable but perhaps reinvesting heavily in its business. The rise in the number of employees, coupled with the continued import activity, points to ongoing operations and potential expansion. It's possible the company is experiencing growing demand for its specialized services, but managing cash flow effectively will be crucial for sustained success.

Registered in England/Wales under the registration number 10514214, with a registered address at RG27 8XU, England, Hartley Wintney, Hampshire, Unit 7 Taplins Court, Church Lane.

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