Novax Limited

Novax Ltd from Sheepbridge Chesterfield UK: a small, active company founded 35 years ago, employs 16 people, and holds £708,248 in assets. It's a solo-founded business with two directors and a real address, operating as a regular importer of furniture, lighting, and prefabricated buildings for 56 months, with the latest import in November 2024. It exports very little, just one month of activity back in September 2021.

The company’s website, Novax Recruitment, reveals a different side to the business. Rather than manufacturing or retail, Novax operates as a recruitment agency, specialising in public sector, manufacturing, and construction roles. It lists numerous open positions across the UK, from sales managers to family support workers, and even advertises a showroom in Harrods, London. The website's focus is on connecting candidates with employers and providing staffing solutions.

Financially, Novax Ltd shows a mixed bag. Current assets have decreased by 16%, falling to £710,000, while net assets also dropped slightly, down 2.2% to £410,000. Bank borrowings have decreased by 25%, down to £38,000, and cash reserves have fallen 6.4% to £210,000. Trade debtors have plummeted by a staggering 72%, a positive sign of improved collections, but creditors have also decreased by 24%, suggesting better 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) helps it stay flexible, but the decrease in assets is something to watch. The unaudited financial statements, which don't mention an auditor, rely on director-reported data.

In short, Novax Ltd appears to be navigating a changing recruitment landscape. While its import business seems to be steady, the shift towards recruitment services is clear from its website. Whether this transition is sustainable remains to be seen, but for now, Novax Ltd is betting on its ability to connect talent with opportunity.

Registered in England/Wales under the registration number 02468983, with a registered address at S41 9RN, Sheepbridge Chesterfield, Derbyshire, Foxwood Road, Foxwood Industrial Park.

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