Novatradex Ltd

Novatradex Ltd, based in London, UK, is a small, active company founded two years ago. With a single employee and £44,620 in assets, it operates from a virtual address shared by many other businesses—a bit suspicious, really. The company is led by a single director and owner, Aleksandra Skokunova, who also acts as the operations manager. It's a solo founder story, for sure. Novatradex specializes in importing and exporting aircraft, spacecraft, and their parts, with nine months of import activity and ten months of export activity recorded.

The company's website highlights its commitment to quality assurance, boasting ASA100 accreditation and FAA compliance. It appears to be primarily a business-to-business operation, offering services like AOG (Aircraft On Ground) support and RFQ (Request for Quotation) handling. The website is simple, but functional, with a focus on contact forms and quality certifications. It doesn's look like an ecommerce site, more like a supplier or broker.

Financially, Novatradex Ltd presents a concerning picture. Current assets have plummeted 81%, dropping from £240,000 to a meager £45,000. Even more alarming, net assets have fallen 68%, down to just £43,000. Cash reserves have also taken a massive hit, shrinking by 82% to £43,000. Creditors have dramatically decreased, which is good, but the overall trend suggests the company is burning through cash. The company is small, meeting two of three conditions for being classified as such, but the sharp decline in assets and equity is a red flag. As a small company, it’s exempt from an audit, so the figures are unaudited.

In short, Novatradex Ltd appears to be struggling financially, despite its niche specialization. While the quality assurance focus is commendable, the company needs to address its cash flow issues to ensure its long-term viability.

Registered in England/Wales under the registration number 14254315, with a registered address at EC1V 2NX, United Kingdom, London, 124 City Road.

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