Novex (uk) Ltd

Novex (uk) Ltd is a small, active family business based in Colchester, UK, established ten years ago in 2015. With four employees and £414,870 in assets, it operates from a real address and is overseen by four directors and four owners. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts – with 53 months of import activity and 68 months of export activity recorded as of December 2024.

The company’s core business revolves around acting as agents involved in the sale of furniture, household goods, hardware, and ironmongery, as well as a variety of goods, machinery, industrial equipment, ships, and aircraft. It appears to be a relatively modest operation, meeting two of the three criteria to be classified as small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees).

A review of the financial data reveals a mixed picture. Cash reserves have increased significantly, up 54% to £180,000, while current assets have also risen by 48% to £410,000. However, net losses deepened, and trade debtors have increased substantially, suggesting potential challenges in collecting payments. Creditors have also risen, indicating increased reliance on short-term financing. The company’s equity has seen a significant boost, up 79% to £180,000, which is a positive sign.

The company’s financial statements are unaudited, which is common for small companies. The lack of an auditor mentioned suggests the company is exempt from an audit. Overall, Novex (uk) Ltd seems to be navigating a period of growth but also facing some financial pressures. The increase in trade debtors is something to keep an eye on.

Registered in England/Wales under the registration number 09591177, with a registered address at CO4 9QR, United Kingdom, Colchester, Essex, Aspen House, Stephenson Road, Severalls Industrial Park.

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