Novel Energy Lighting Ltd

Novel Energy Lighting Ltd, based in London, UK, is a small, active company established thirteen years ago. With just two employees and £99,422 in assets, it operates from a virtual address shared by many other businesses—a bit of a red flag, really. The company is led by a solo founder, Shuttleworth Andrew, who also serves as director and owner. It runs an e-commerce site and has a respectable 4.0 Google rating based on fourteen reviews. Interestingly, it’s an irregular exporter, having shipped goods just twice in the last two years, with its top export category being “None.”

The company’s website, while not readily available for direct analysis, is described as operating in the wholesale of furniture, carpets, and lighting equipment, alongside retail sales via mail order and internet. This suggests a broad range of products and a focus on online distribution.

Financially, Novel Energy Lighting Ltd presents a mixed picture. Cash bank holdings have decreased by 19%, dropping to £87,000, while creditors have increased slightly to £180,000. A significant drop in current assets—down 17% to £99,000—is a bit concerning, though. On a brighter note, the company’s equity has increased by 21% to £89,000, and trade debtors have risen by 31%, which could indicate growing sales. It's a small company, meeting two of three conditions for classification (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). The lack of an auditor mentioned—likely due to its small size—means the financial statements are unaudited.

Overall, Novel Energy Lighting Ltd appears to be navigating a period of change. The decrease in cash and current assets warrants closer attention, but the growth in equity and trade debtors suggests underlying business momentum. It's a small operation, and it’s hard to say if it's burning through money or just adjusting to market conditions.

Registered in England/Wales under the registration number 07706666, with a registered address at W1F 7TA, England, London, Thorne Lancaster Parker, 5th Floor Palladium House, 1-4 Argyll Street.

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