Novica Ltd

Novica Ltd from London UK: a small company in a dissolved status, was founded eight years ago and employed just two people. It held £885,251 in assets and operated from a virtual address, registered to a shared office space. The company was led by two directors, owned by Milk Robert Charles, and was a solo founder venture, running an e-commerce site. It regularly imported clothing and accessories made by knitting or crocheting, with four months of import activity recorded.

The website, novica.com, is a vibrant online marketplace showcasing unique home decor, jewelry, and gifts crafted by artisans worldwide. The site boasts over 139 million USD sent to artisans so far, emphasizing its commitment to fair trade and ethical sourcing. The site is a full-fledged e-commerce platform, offering a wide range of products, including fashion, home furnishings, artwork, and accessories. It even provides options for customers to build their own gift sets and offers express shipping options. The site is very active with a blog and social media presence.

Financially, Novica Ltd’s recent performance shows some concerning trends. While cash reserves decreased by 53% to £370,000, creditors increased by 33% to £31,000. Debtor levels decreased by 25% to £26,000. Equity plummeted 25% to -£1,100,000, a significant loss. The company’s small size—meeting two of three conditions for being classified as small—helps it remain flexible, but the decline in equity suggests potential financial strain. The lack of an auditor mentioned, likely due to its small size, means the figures are unaudited. The company’s average number of employees increased by 50% to three, which is a good sign, but it could also mean increased overhead.

Registered in England/Wales under the registration number 10347597, with a registered address at EC2V 6DL, United Kingdom, London, C/O Buzzacott Llp, 130 Wood Street.

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